Rent, price and yield by property type
| Type | Average rent | Average price | Gross yield |
|---|---|---|---|
| Flat | £799 | £140,724 | 6.8% |
| Terraced | £1,008 | £205,625 | 5.9% |
| Semi-detached | £1,073 | £261,341 | 4.9% |
| Detached | £1,355 | £382,848 | 4.2% |
In Leicester, flats give the highest gross yield, at 6.8%. 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 Leicester compares in East Midlands
Leicester ranks 4 of 35 for average rent in East Midlands, and 4 of 35 for gross yield. The areas either side of it on rent:
| Area | Average rent | Rents, 1 yr | Gross yield |
|---|---|---|---|
| Rushcliffe | £1,047 | +2.8% | 3.9% |
| Oadby and Wigston | £1,024 | +3.1% | 4.9% |
| Leicester | £1,023 | +1.6% | 5.4% |
| Nottingham | £1,014 | +1.8% | 6.4% |
| Blaby | £998 | +5.6% | 4.1% |
See average rents for every area with a page, or every council area in the yield finder.
Letting in Leicester
- Is my rent too low? Compare your rent with the Leicester 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 Leicester?
£1,023 a month across all private rented homes in August 2026, according to the ONS. That's +1.6% on a year earlier, and 11% above the East Midlands average of £922.
What is the average rent for a 2-bedroom home in Leicester?
£892 a month in August 2026, against £826 across East Midlands. A 1-bedroom home averages £716 and a 3-bedroom home £1,045.
Is Leicester good for buy-to-let?
The average gross yield in Leicester is 5.4%, ranking 4 of 35 areas in East Midlands. Flats yield the most, at 6.8%. 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.