Manchester rental market report
A data-led look at the Manchester rental market — rents, yields, demand and the trends shaping Greater Manchester.
Manchester at a glance
The Manchester rental market in Greater Manchester is active and competitive, with average rents around £1,399 pcm and rents up roughly 5.3% over the past year. Strong commuter links and local employment keep demand from tenants consistently ahead of available supply across M1, M2, M4.
Average rent
£1,399 pcm
Average price
£319,000
Gross yield
6.4%
Rent growth (1yr)
+5.3%
Tenant demand
High
Avg. void period
20 days
Average rents by property type
| Property type | Average rent (pcm) | Per year |
|---|---|---|
| Room / HMO | £572 | £6,864 |
| 1-bed flat | £1,090 | £13,080 |
| 2-bed flat | £1,363 | £16,356 |
| 3-bed house | £1,745 | £20,940 |
| 4-bed house | £2,249 | £26,988 |
Demand insights
Tenant demand in Manchester is currently high. Well-presented, compliant homes typically let within 20 days, and verified tenants on DR Rent are matched to suitable Manchester properties as soon as they list.
Market trends
- Rents in Manchester are up around 5.3% year on year.
- Average property prices have changed by about 3.5% over 12 months.
- High demand is keeping average void periods near 20 days.
- Compliance standards under the Renters' Rights Act are reshaping the Greater Manchester market.
Related guides
Stay ahead of the Manchester market
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