Preston rental market report
A data-led look at the Preston rental market — rents, yields, demand and the trends shaping Lancashire.
Preston at a glance
The Preston rental market in Lancashire is active and competitive, with average rents around £1,407 pcm and rents up roughly 6.3% over the past year. Strong commuter links and local employment keep demand from tenants consistently ahead of available supply across PR1, PR2, PR5.
Average rent
£1,407 pcm
Average price
£312,000
Gross yield
5.4%
Rent growth (1yr)
+6.3%
Tenant demand
High
Avg. void period
25 days
Average rents by property type
| Property type | Average rent (pcm) | Per year |
|---|---|---|
| Room / HMO | £575 | £6,900 |
| 1-bed flat | £1,096 | £13,152 |
| 2-bed flat | £1,370 | £16,440 |
| 3-bed house | £1,754 | £21,048 |
| 4-bed house | £2,261 | £27,132 |
Demand insights
Tenant demand in Preston is currently high. Well-presented, compliant homes typically let within 25 days, and verified tenants on DR Rent are matched to suitable Preston properties as soon as they list.
Market trends
- Rents in Preston are up around 6.3% year on year.
- Average property prices have changed by about 3% over 12 months.
- High demand is keeping average void periods near 25 days.
- Compliance standards under the Renters' Rights Act are reshaping the Lancashire market.
Related guides
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