Rent, price and yield by property type
| Type | Average rent | Average price | Gross yield |
|---|---|---|---|
| Flat | £774 | £133,576 | 7.0% |
| Terraced | £923 | £198,875 | 5.6% |
| Semi-detached | £990 | £239,678 | 5.0% |
| Detached | £1,233 | £383,581 | 3.9% |
In Sheffield, flats give the highest gross yield, at 7.0%. 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 Sheffield compares in Yorkshire and The Humber
Sheffield ranks 3 of 15 for average rent in Yorkshire and The Humber, and 4 of 15 for gross yield. The areas either side of it on rent:
| Area | Average rent | Rents, 1 yr | Gross yield |
|---|---|---|---|
| York | £1,199 | +6.5% | 4.6% |
| Leeds | £1,145 | +4.2% | 5.5% |
| Sheffield | £931 | +4.3% | 5.1% |
| North Yorkshire | £849 | +2.4% | 3.8% |
| Wakefield | £806 | +5.9% | 4.9% |
See average rents for every area with a page, or every council area in the yield finder.
Letting in Sheffield
- Is my rent too low? Compare your rent with the Sheffield 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 Sheffield?
£931 a month across all private rented homes in August 2026, according to the ONS. That's +4.3% on a year earlier, and 8% above the Yorkshire and The Humber average of £865.
What is the average rent for a 2-bedroom home in Sheffield?
£840 a month in August 2026, against £769 across Yorkshire and The Humber. A 1-bedroom home averages £690 and a 3-bedroom home £967.
Is Sheffield good for buy-to-let?
The average gross yield in Sheffield is 5.1%, ranking 4 of 15 areas in Yorkshire and The Humber. Flats yield the most, at 7.0%. 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.