Average monthly rents hit £2,500 in London and £1,190 for rest of UK

Asking price at record levels inside and outside capital in first three months of 2023, Rightmove finds

Average monthly rents outside London soared to a record high of £1,190 in the first quarter of this year, with tenants in the capital paying more than £2,500 for the first time, according to figures from the property website Rightmove.

National average asking rents outside London have risen for 13 consecutive quarters since the end of 2019, although the pace of growth has slowed over the last nine months, it said.