Rent, price and yield by property type
| Type | Average rent | Average price | Gross yield |
|---|---|---|---|
| Flat | £1,138 | £167,700 | 8.1% |
| Terraced | £1,345 | £276,767 | 5.8% |
| Semi-detached | £1,423 | £334,664 | 5.1% |
| Detached | £1,954 | £559,242 | 4.2% |
In Milton Keynes, flats give the highest gross yield, at 8.1%. 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 Milton Keynes compares in South East
Milton Keynes ranks 34 of 64 for average rent in South East, and 16 of 64 for gross yield. The areas either side of it on rent:
| Area | Average rent | Rents, 1 yr | Gross yield |
|---|---|---|---|
| Portsmouth | £1,368 | +2.4% | 6.5% |
| Vale of White Horse | £1,352 | +2.9% | 3.9% |
| Milton Keynes | £1,344 | +3.9% | 4.9% |
| West Berkshire | £1,338 | +5.0% | 4.0% |
| Gravesham | £1,336 | +5.3% | 4.6% |
See average rents for every area with a page, or every council area in the yield finder.
Letting in Milton Keynes
- Is my rent too low? Compare your rent with the Milton Keynes 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 Milton Keynes?
£1,344 a month across all private rented homes in August 2026, according to the ONS. That's +3.9% on a year earlier, and 6% below the South East average of £1,426.
What is the average rent for a 2-bedroom home in Milton Keynes?
£1,217 a month in August 2026, against £1,273 across South East. A 1-bedroom home averages £978 and a 3-bedroom home £1,451.
Is Milton Keynes good for buy-to-let?
The average gross yield in Milton Keynes is 4.9%, ranking 16 of 64 areas in South East. Flats yield the most, at 8.1%. 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.