Average rents rose across England during February, according to Goodlord, which analyses tens of thousands of new tenancies in England each month.
During February, voids shortened across all regions. Collectively, several signs point to an uptick in tenant demand as we head into spring.
February brought a 4% year-on-year increase to monthly rents which are now £1,209 per property on average, compared to £1,162 in February 2024. This represents a slight slowing compared to January 2025, which recorded a YoY increase of 5%.
The biggest year-on-year rental rise for February can be found in the West Midlands, where prices are up by 7% compared to February 2024 (up from £934 to £1,000).
The smallest annual increase was recorded in the East Midlands, where rents are up by a comparatively modest 2.5% (from £992 to £1,018).
Across England as a whole February delivered a month-on-month rent rise. Prices increased slightly – up by 0.2% – from £1,207 to £1,209 per property, on average.
Goodlord warns this could indicate another summer of significant rent rises on the way.
The biggest monthly rise in February was recorded in the East Midland, which saw prices jump by 3% (up from £987 to £1,018), followed by the South East, which recorded a rise of 2% (up from £1,320 to £1,350).
Several regions saw a slight decrease in rents during February; Greater London, the North East and North West all saw minor falls in rental averages.
After hitting record lengths in January, voids headed downwards in all regions during February.
Voids shortened from an average of 24 days in January to 20 days in February (down 17%). This is the lowest void length recorded since October 2024.
However, the average of 20 days for February 2025 remains higher than year-on-year figures – in February 2024, voids sat at 18 days on average.
A Goodlord spokesperson says: “Within the latest figures, we still see signs of rising demand in a market that refuses to cool off. Voids have shortened once again after January’s record-breaking lengths.
“And whilst overall rents for February are only slightly higher than January’s figures, we don’t always see month-on-month increases at this time of year. These are strong indications that the PRS will continue to heat up alongside the weather.”
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