Sheffield rental market report
A data-led look at the Sheffield rental market — rents, yields, demand and the trends shaping South Yorkshire.
Sheffield at a glance
The Sheffield rental market in South Yorkshire is active and competitive, with average rents around £1,699 pcm and rents up roughly 7.4% over the past year. Strong commuter links and local employment keep demand from tenants consistently ahead of available supply across S1, S2, S10.
Average rent
£1,699 pcm
Average price
£480,000
Gross yield
6%
Rent growth (1yr)
+7.4%
Tenant demand
High
Avg. void period
25 days
Average rents by property type
| Property type | Average rent (pcm) | Per year |
|---|---|---|
| Room / HMO | £695 | £8,340 |
| 1-bed flat | £1,324 | £15,888 |
| 2-bed flat | £1,655 | £19,860 |
| 3-bed house | £2,118 | £25,416 |
| 4-bed house | £2,731 | £32,772 |
Demand insights
Tenant demand in Sheffield is currently high. Well-presented, compliant homes typically let within 25 days, and verified tenants on DR Rent are matched to suitable Sheffield properties as soon as they list.
Market trends
- Rents in Sheffield are up around 7.4% year on year.
- Average property prices have changed by about 2.3% over 12 months.
- High demand is keeping average void periods near 25 days.
- Compliance standards under the Renters' Rights Act are reshaping the South Yorkshire market.
Related guides
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