Annual UK rent jumps £3,240 since Covid, says Zoopla

Zoopla finds rental costs have risen 27% since 2021, with rental costs far outstripping wages over that period

To let sign beneath window of UK apartment
(Image credit: Tim Grist Photography via Getty Images)

The average cost of renting a home in the UK is now £3,240 higher than at the end of the Covid-19 lockdowns, according to Zoopla.

The online property website says rents have risen 27% since 2021, with rental costs far outstripping wages over that period. Zoopla says the annual cost of renting a property is now £15,240, up from £12,000 in 2021.

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Chris Newlands

Chris is a freelance journalist, and was previously an editor and correspondent at the Financial Times as well as the business and money editor at The i Newspaper. He is also the author of the Virgin Money Maker, the personal finance guide published by Virgin Books, and has written for the BBC, The Wall Street Journal, The Independent, South China Morning Post, TimeOut, Barron's and The Guardian. He is a graduate in Economics.