Rent, price and yield by property type
| Type | Average rent | Average price | Gross yield |
|---|---|---|---|
| Flat | £837 | £123,746 | 8.1% |
| Terraced | £993 | £169,019 | 7.1% |
| Semi-detached | £1,060 | £212,979 | 6.0% |
| Detached | £1,306 | £316,924 | 4.9% |
In Nottingham, 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 Nottingham compares in East Midlands
Nottingham ranks 5 of 35 for average rent in East Midlands, and 1 of 35 for gross yield. The areas either side of it on rent:
| Area | Average rent | Rents, 1 yr | Gross yield |
|---|---|---|---|
| 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% |
| North Northamptonshire | £992 | +5.2% | 4.6% |
See average rents for every area with a page, or every council area in the yield finder.
Letting in Nottingham
- Is my rent too low? Compare your rent with the Nottingham 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 Nottingham?
£1,014 a month across all private rented homes in August 2026, according to the ONS. That's +1.8% on a year earlier, and 10% above the East Midlands average of £922.
What is the average rent for a 2-bedroom home in Nottingham?
£914 a month in August 2026, against £826 across East Midlands. A 1-bedroom home averages £735 and a 3-bedroom home £1,052.
Is Nottingham good for buy-to-let?
The average gross yield in Nottingham is 6.4%, ranking 1 of 35 areas in East Midlands. 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.