Goodlord Rental IndexApril 2021
Monthly key figures for the private rented sector

Welcome to April's Goodlord Rental Index.

Every month, Goodlord reveals key figures for the private rented sector based on tenancies processed through our platform, including average rents, voidage periods and more.

Our latest Rental Index, which analyses over 20,000 English tenancies each month, shows that rents held steady across England whilst the salaries of renters rose during April. However, as lockdown restrictions eased and the population focused on enjoying their new freedoms, voids rose in most areas of the country.

Toby Burgess-Smith
Data Analyst, Goodlord

1. Average monthly rent

For the fourth month in a row, rents across England held steady, with no significant movement in either direction. During April, the average cost of rent rose by 0.45% compared to March figures - taking the total monthly cost per property to £920.24, up from £916.09.

Greater London, the North East, South West, and West Midlands all saw modest rises in the average cost of rent of between 1% and 2%.

The East Midlands, North West and South East saw slight declines, with prices dropping in those areas by no more than 1%.

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Average monthly rent across UK regions since January 2020.

2. Average void periods

Despite the positive news for the price of rent and tenant incomes, it was a different picture for voids, with most regions seeing an increase in void periods.

The South West was the only region which saw no change, with void periods in April remaining at 22 days on average.

Greater London, the North West, and the South East all saw increases of 4 days, with the West Midlands recording an increase of 5. The East Midlands void average jumped up by 8 days.

But the biggest change came in the North East, where voids went from a 17 day average in March to 29 days in April, taking the region back to January levels. The rolling 12 month-average in voids for the North East is now 24 days.

Overall, the UK average void period rose from 21 to 26 days during April.

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Average void periods in days across UK regions since January 2020.

3. Average tenant income

Tenants in the majority of regions also saw their average incomes rise during April. The average annual salary of a renter in England is now £25,892, up from £25,185 in March.

Renters in the South West, Greater London, North East, South East, South West and the West Midlands, all recorded a rise.

The only areas to see a decline in income were the East Midlands (-0.5%) and the North West (-3.6%).

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Average tenant salary across UK regions since January 2020.