Exeter rental market report
A data-led look at the Exeter rental market — rents, yields, demand and the trends shaping Devon.
Exeter at a glance
The Exeter rental market in Devon is active and competitive, with average rents around £1,594 pcm and rents up roughly 7.5% over the past year. Strong commuter links and local employment keep demand from tenants consistently ahead of available supply across EX1, EX2, EX4.
Average rent
£1,594 pcm
Average price
£410,000
Gross yield
6.3%
Rent growth (1yr)
+7.5%
Tenant demand
Very high
Avg. void period
19 days
Average rents by property type
| Property type | Average rent (pcm) | Per year |
|---|---|---|
| Room / HMO | £652 | £7,824 |
| 1-bed flat | £1,242 | £14,904 |
| 2-bed flat | £1,552 | £18,624 |
| 3-bed house | £1,987 | £23,844 |
| 4-bed house | £2,561 | £30,732 |
Demand insights
Tenant demand in Exeter is currently very high. Well-presented, compliant homes typically let within 19 days, and verified tenants on DR Rent are matched to suitable Exeter properties as soon as they list.
Market trends
- Rents in Exeter are up around 7.5% year on year.
- Average property prices have changed by about 3.6% over 12 months.
- Very high demand is keeping average void periods near 19 days.
- Compliance standards under the Renters' Rights Act are reshaping the Devon market.
Related guides
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