Over the past five years, the cost of the average rental deposit has risen significantly, increasing by almost £150. Since deposits are typically linked to the cost of renting, it’s likely that rents have also risen, consistent with the feedback landlords and tenants provided in our latest Private Rented Sector Review.
But what factors are driving these increases? Landlords tell us legislation changes resulting in increased costs, higher maintenance costs and maintaining rental values in line with local markets are all contributing to raising rents.
Affordable rent will always be a concern, but even with the rising costs mentioned above, there have been signs that conditions are slightly improving.
Increase in the average tenancy length (in days)*
*Source: MHCLG - TDP Six Monthly Report March 2025