Plymouth rental market report
A data-led look at the Plymouth rental market — rents, yields, demand and the trends shaping Devon.
Plymouth at a glance
The Plymouth rental market in Devon is active and competitive, with average rents around £1,733 pcm and rents up roughly 8.1% over the past year. Strong commuter links and local employment keep demand from tenants consistently ahead of available supply across PL1, PL2, PL4.
Average rent
£1,733 pcm
Average price
£364,000
Gross yield
5.5%
Rent growth (1yr)
+8.1%
Tenant demand
Moderate
Avg. void period
25 days
Average rents by property type
| Property type | Average rent (pcm) | Per year |
|---|---|---|
| Room / HMO | £709 | £8,508 |
| 1-bed flat | £1,350 | £16,200 |
| 2-bed flat | £1,688 | £20,256 |
| 3-bed house | £2,161 | £25,932 |
| 4-bed house | £2,785 | £33,420 |
Demand insights
Tenant demand in Plymouth is currently moderate. Well-presented, compliant homes typically let within 25 days, and verified tenants on DR Rent are matched to suitable Plymouth properties as soon as they list.
Market trends
- Rents in Plymouth are up around 8.1% year on year.
- Average property prices have changed by about 3.2% over 12 months.
- Moderate demand is keeping average void periods near 25 days.
- Compliance standards under the Renters' Rights Act are reshaping the Devon market.
Related guides
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