Average One Bedroom Rent Tops £1,000 Per Month

The average rent for a one bed property in the UK hit £1,010 in August. That takes the total to over two thirds (67% ) of the average disposable income of £1,497, according to the latest Landbay Rental Index. The Index shows signs that rental pressure is easing on tenants, as one bed rents grew by 0.1% last month, and 1.7% over the last year, behind wage growth of 2.4%. In London, the proportion of monthly income spent on rent is significantly higher. The average rent for a one bed was £1,461 in August, compared to an average disposable income of £1,967. Read more on 24dash.