Rent, price and yield by property type
| Type | Average rent | Average price | Gross yield |
|---|---|---|---|
| Flat | £853 | £129,664 | 7.9% |
| Terraced | £1,041 | £211,461 | 5.9% |
| Semi-detached | £1,075 | £268,524 | 4.8% |
| Detached | £1,234 | £411,053 | 3.6% |
In Coventry, flats give the highest gross yield, at 7.9%. Gross yield is a year's rent divided by the price, before costs. Averages cover every home and tenancy, so a real purchase can differ: run the figures for a specific property in the rental yield calculator.
How Coventry compares in West Midlands
Coventry ranks 7 of 30 for average rent in West Midlands, and 4 of 30 for gross yield. The areas either side of it on rent:
| Area | Average rent | Rents, 1 yr | Gross yield |
|---|---|---|---|
| Birmingham | £1,099 | +3.0% | 5.6% |
| Rugby | £1,049 | +5.4% | 4.6% |
| Coventry | £1,020 | +2.4% | 5.4% |
| Bromsgrove | £992 | +2.0% | 3.5% |
| North Warwickshire | £982 | +4.9% | 4.3% |
See average rents for every area with a page, or every council area in the yield finder.
Letting in Coventry
- Is my rent too low? Compare your rent with the Coventry average for your number of bedrooms.
- When can I raise the rent? Rent rises now follow the Section 13 process, once a year.
- Landlord compliance checklist: every check a let needs.
Questions landlords ask
What is the average rent in Coventry?
£1,020 a month across all private rented homes in August 2026, according to the ONS. That's +2.4% on a year earlier, and 4% above the West Midlands average of £982.
What is the average rent for a 2-bedroom home in Coventry?
£913 a month in August 2026, against £885 across West Midlands. A 1-bedroom home averages £759 and a 3-bedroom home £1,066.
Is Coventry good for buy-to-let?
The average gross yield in Coventry is 5.4%, ranking 4 of 30 areas in West Midlands. Flats yield the most, at 7.9%. Yields are lower where prices are high, so check the numbers on a real property before you buy.
Sources
Figures are averages for all private rented homes, including existing tenancies, so rents for new lets are usually higher. Updated monthly.