Renting in Leicester vs Derby
Side-by-side comparison of rental costs, market conditions, and living expenses to help you decide where to rent.
Rent Comparison by Property Size
| Property Type | Leicester | Derby | Difference |
|---|---|---|---|
| Studio | £525/mo | £475/mo | +£50 |
| 1-Bed | £650/mo | £575/mo | +£75 |
| 2-Bed | £825/mo | £725/mo | +£100 |
| 3-Bed | £1,025/mo | £925/mo | +£100 |
| 4-Bed | £1,275/mo | £1,150/mo | +£125 |
2-Bed Rent Comparison
Market Statistics
| Metric | Leicester | Derby |
|---|---|---|
| Average Yield | 6.1% | 6.3% |
| Rent Growth (YoY) | 5.4% | 4.8% |
| Demand Level | High | Medium |
| Average Deposit | £952 | £837 |
| Council Tax (Band D) | £1,989/yr | £1,947/yr |
Quick Verdict
For Affordability
Derby
£100/mo cheaper for a 2-bed
For Growth Potential
Leicester
5.4% year-on-year growth
For Investment Yield
Derby
6.3% average yield
Monthly Cost of Living (2-Bed)
Leicester
Derby
Living in Derby saves you approximately £104/mo on core housing costs.
Transport Links
Leicester
Leicester mainline station with services to London, Birmingham, and Sheffield. Comprehensive bus network.
Derby
Derby mainline station with services to London, Birmingham, and Sheffield. Good road links via A38 and A50.
Popular Neighbourhoods
Leicester
Derby
Our Verdict
Leicester and Derby offer different rental experiences. Derby is the more affordable option, with 2-bed rents averaging £725/mo compared to £825/mo in Leicester, saving renters £100 per month.
Leicester is seeing stronger rent growth at 5.4% year-on-year, which may indicate increasing demand in the area. Derby offers better returns for landlords at 6.3% average yield.
Both cities have significant student populations, which drives demand for house shares and smaller properties. Ultimately, the best choice depends on your work location, budget, and lifestyle priorities.
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Properties in Leicester
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View Leicester Rental Guide