Renting in Leicester

East Midlands

Average rent for a 2-bed in Leicester: £825/mo

Pop. 368,0006.1% yield+5.4% YoY

Rent by Property Size

Property Size	Monthly Rent	Annual
Studio	£525	£6,300
1-bed	£650	£7,800
2-bed	£825	£9,900
3-bed	£1,025	£12,300
4-bed	£1,275	£15,300

Visual Comparison

Studio

£525/mo

1-bed

£650/mo

2-bed

£825/mo

3-bed

£1,025/mo

4-bed

£1,275/mo

UK avg

£1,050/mo

Leicester 2-bed rent is £225 (-21%) below the national average.

Market Overview

Rental Yield

6.1%

Rent Growth

5.4%

year on year

Demand

High

Avg Deposit

£952

5 weeks rent

Student Market

Yes

Leicester offers affordable renting with a diverse economy and large student population. The city has seen steady rent growth, driven by demand from students and young professionals. Areas near the universities command premium rents.

Popular Rental Areas in Leicester

Stoneygate

Popular neighbourhood in Leicester

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Clarendon Park

Popular neighbourhood in Leicester

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Aylestone

Popular neighbourhood in Leicester

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Knighton

Popular neighbourhood in Leicester

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Transport Links

Leicester mainline station with services to London, Birmingham, and Sheffield. Comprehensive bus network.

True Cost of Renting in Leicester

Estimated Total Monthly Cost (2-bed)

£1,221

£14,652 per year

Rent (2-bed)	£825
Council Tax (Band D / 12)	£166
Energy (est.)	£130
Water (est.)	£70
Broadband (est.)	£30

Estimates based on UK averages. Use our Cost Calculator for a personalised breakdown.

Tenant Rights in Leicester

As a tenant in England, you have rights under the Housing Act 1988, the Deregulation Act 2015, and more recent Renters Reform legislation. Your landlord must protect your deposit, provide gas safety certificates, and maintain the property to a habitable standard.

Know Your Rights Check Your Landlord