Peterborough rental market report
A data-led look at the Peterborough rental market — rents, yields, demand and the trends shaping Cambridgeshire.
Peterborough at a glance
The Peterborough rental market in Cambridgeshire is active and competitive, with average rents around £1,585 pcm and rents up roughly 7.3% over the past year. Strong commuter links and local employment keep demand from tenants consistently ahead of available supply across PE1, PE2, PE3.
Average rent
£1,585 pcm
Average price
£352,000
Gross yield
5.1%
Rent growth (1yr)
+7.3%
Tenant demand
Moderate
Avg. void period
20 days
Average rents by property type
| Property type | Average rent (pcm) | Per year |
|---|---|---|
| Room / HMO | £648 | £7,776 |
| 1-bed flat | £1,235 | £14,820 |
| 2-bed flat | £1,544 | £18,528 |
| 3-bed house | £1,976 | £23,712 |
| 4-bed house | £2,548 | £30,576 |
Demand insights
Tenant demand in Peterborough is currently moderate. Well-presented, compliant homes typically let within 20 days, and verified tenants on DR Rent are matched to suitable Peterborough properties as soon as they list.
Market trends
- Rents in Peterborough are up around 7.3% year on year.
- Average property prices have changed by about 3.9% over 12 months.
- Moderate demand is keeping average void periods near 20 days.
- Compliance standards under the Renters' Rights Act are reshaping the Cambridgeshire market.
Related guides
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