Renting in Nottingham vs Leicester
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 | Nottingham | Leicester | Difference |
|---|---|---|---|
| Studio | £550/mo | £525/mo | +£25 |
| 1-Bed | £675/mo | £650/mo | +£25 |
| 2-Bed | £850/mo | £825/mo | +£25 |
| 3-Bed | £1,050/mo | £1,025/mo | +£25 |
| 4-Bed | £1,300/mo | £1,275/mo | +£25 |
2-Bed Rent Comparison
Market Statistics
| Metric | Nottingham | Leicester |
|---|---|---|
| Average Yield | 6.5% | 6.1% |
| Rent Growth (YoY) | 5.7% | 5.4% |
| Demand Level | High | High |
| Average Deposit | £981 | £952 |
| Council Tax (Band D) | £2,139/yr | £1,989/yr |
Quick Verdict
For Affordability
Leicester
£25/mo cheaper for a 2-bed
For Growth Potential
Nottingham
5.7% year-on-year growth
For Investment Yield
Nottingham
6.5% average yield
Monthly Cost of Living (2-Bed)
Nottingham
Leicester
Living in Leicester saves you approximately £37/mo on core housing costs.
Transport Links
Nottingham
Nottingham mainline station, NET tram network, extensive bus routes, and East Midlands Airport nearby.
Leicester
Leicester mainline station with services to London, Birmingham, and Sheffield. Comprehensive bus network.
Popular Neighbourhoods
Nottingham
Leicester
Our Verdict
Nottingham and Leicester offer different rental experiences. Leicester is the more affordable option, with 2-bed rents averaging £825/mo compared to £850/mo in Nottingham, saving renters £25 per month.
Nottingham is seeing stronger rent growth at 5.7% year-on-year, which may indicate increasing demand in the area. Nottingham offers better returns for landlords at 6.5% 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.
Check a Property
Properties in Nottingham
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View Nottingham Rental GuideProperties in Leicester
Enter a postcode to check any rental property in Leicester
View Leicester Rental Guide