Private Renters in UK Pay Double the European Average

Private renters in the UK pay the highest price for housing in the entire European Union. With an average monthly rent of 902 Euros per month (the equivalent of around £730), private renters in the UK pay almost double the amount of the European average, which is 481 Euros. Even when compared to other Western European countries with similar income levels, the PRS in the UK remains expensive. For example, private rents in the UK are around 50% higher than in Germany (600 Euros) or the Netherlands (625 Euros), both countries with a large share of privately rented households. High rent levels mean the average household in the UK pays a higher proportion of their income on rent than elsewhere. On average, private rented households in the UK spend almost 40% of their income on paying their rent, compared to a European average of 28%. Read more on the NHF website.