Rent in Luton rises 5% in past year
Rent in Luton rose five per cent over the past year, new figures show.
Propertymark, a membership organisation for estate agents, warned "there remains an unhealthy imbalance" between rental supply and demand.
Provisional figures from the Office for National Statistics show the average private rent in Luton reached £1,197 per month in the year to November – up five per cent from £1,139 a year prior.
It was also up 35 per cent from an estimated £888 a month five years ago.
Across the East of England, the average rent was £1,261 – rising five per cent from the year before.
St Albans had the highest rental cost in the region at £1,895 per month, while the lowest was in Great Yarmouth at £793.
Nathan Emerson, chief executive of Propertymark, said: "Though it might be disappointing for many to see that rents on average have increased overall, it is encouraging to see that through 2025, we have witnessed rental inflation trending downwards.
"There remains an unhealthy imbalance between rental supply and demand, however, which continues to contribute to rental prices edging upwards.”
The figures also show the different costs for various homes in Luton, from £888 for a one-bed property to £1,786 for a home with four or more bedrooms in November.
Across Luton, an average detached housed cost £1,576 to rent per month, a semi-detached cost £1,301 per month, a terraced house was £1,191 per month and a flat or maisonette was £957 a month.