Coventry rental market report
A data-led look at the Coventry rental market — rents, yields, demand and the trends shaping West Midlands.
Coventry at a glance
The Coventry rental market in West Midlands is active and competitive, with average rents around £1,432 pcm and rents up roughly 6.7% over the past year. Strong commuter links and local employment keep demand from tenants consistently ahead of available supply across CV1, CV2, CV5.
Average rent
£1,432 pcm
Average price
£362,000
Gross yield
6.1%
Rent growth (1yr)
+6.7%
Tenant demand
High
Avg. void period
16 days
Average rents by property type
| Property type | Average rent (pcm) | Per year |
|---|---|---|
| Room / HMO | £586 | £7,032 |
| 1-bed flat | £1,116 | £13,392 |
| 2-bed flat | £1,395 | £16,740 |
| 3-bed house | £1,786 | £21,432 |
| 4-bed house | £2,302 | £27,624 |
Demand insights
Tenant demand in Coventry is currently high. Well-presented, compliant homes typically let within 16 days, and verified tenants on DR Rent are matched to suitable Coventry properties as soon as they list.
Market trends
- Rents in Coventry are up around 6.7% year on year.
- Average property prices have changed by about 2.2% over 12 months.
- High demand is keeping average void periods near 16 days.
- Compliance standards under the Renters' Rights Act are reshaping the West Midlands market.
Related guides
Stay ahead of the Coventry market
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