Leicester rental market report
A data-led look at the Leicester rental market — rents, yields, demand and the trends shaping Leicestershire.
Leicester at a glance
The Leicester rental market in Leicestershire is active and competitive, with average rents around £1,805 pcm and rents up roughly 8.3% over the past year. Strong commuter links and local employment keep demand from tenants consistently ahead of available supply across LE1, LE2, LE3.
Average rent
£1,805 pcm
Average price
£386,000
Gross yield
5.3%
Rent growth (1yr)
+8.3%
Tenant demand
High
Avg. void period
26 days
Average rents by property type
| Property type | Average rent (pcm) | Per year |
|---|---|---|
| Room / HMO | £738 | £8,856 |
| 1-bed flat | £1,406 | £16,872 |
| 2-bed flat | £1,758 | £21,096 |
| 3-bed house | £2,250 | £27,000 |
| 4-bed house | £2,901 | £34,812 |
Demand insights
Tenant demand in Leicester is currently high. Well-presented, compliant homes typically let within 26 days, and verified tenants on DR Rent are matched to suitable Leicester properties as soon as they list.
Market trends
- Rents in Leicester are up around 8.3% year on year.
- Average property prices have changed by about 1.7% over 12 months.
- High demand is keeping average void periods near 26 days.
- Compliance standards under the Renters' Rights Act are reshaping the Leicestershire market.
Related guides
Stay ahead of the Leicester market
DR Rent helps landlords let faster and stay compliant across the UK.