Private sector rent statistics: 2010 - 2020

Broad Rental Market Area Profile – Renfrewshire / Inverclyde

Note in the following text and charts that average rents that have changed within +/- 0.5% could be considered as being fairly similar to previous periods.

Between 2019 and 2020, average (mean) rents have increased for 1 bedroom (2.5%) and 1 bedroom shared properties (7.5%), whilst rents have dropped slightly for 2 bedroom properties (-0.03%), and have fallen for 3 bedroom properties (-1.3%) and 4 bedroom properties (-9.7%). This compares to CPI inflation of 0.5% across this time period. Between 2010 and 2020 average rents increased for all property sizes. Increases have ranged from 7.2% for 1 bedroom properties to 31.2% for 4 bedroom properties, which compares to CPI inflation of 21.5% across this time period.

For 4 bedroom properties sizes, there was an an increase in both the top end (upper quartile) rents and the bottom end (lower quartile) between 2018 and 2019, although these have both decreased back down in the latest year 2020.

Average 2 bedroom rents have been lower than the Scotland average in each year since 2010, and the gap has widened over the years, with the average rent in 2020 being £512 per month, compared to the Scotland average of £689.1