Watford rental market report
A data-led look at the Watford rental market — rents, yields, demand and the trends shaping Hertfordshire.
Watford at a glance
The Watford rental market in Hertfordshire is active and competitive, with average rents around £1,437 pcm and rents up roughly 5.4% over the past year. Strong commuter links and local employment keep demand from tenants consistently ahead of available supply across WD17, WD18, WD24.
Average rent
£1,437 pcm
Average price
£340,000
Gross yield
5.4%
Rent growth (1yr)
+5.4%
Tenant demand
High
Avg. void period
22 days
Average rents by property type
| Property type | Average rent (pcm) | Per year |
|---|---|---|
| Room / HMO | £588 | £7,056 |
| 1-bed flat | £1,120 | £13,440 |
| 2-bed flat | £1,400 | £16,800 |
| 3-bed house | £1,792 | £21,504 |
| 4-bed house | £2,310 | £27,720 |
Demand insights
Tenant demand in Watford is currently high. Well-presented, compliant homes typically let within 22 days, and verified tenants on DR Rent are matched to suitable Watford properties as soon as they list.
Market trends
- Rents in Watford are up around 5.4% year on year.
- Average property prices have changed by about 2.4% over 12 months.
- High demand is keeping average void periods near 22 days.
- Compliance standards under the Renters' Rights Act are reshaping the Hertfordshire market.
Related guides
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