Private sector rent statistics: 2010 - 2020

Broad Rental Market Area Profile – South Lanarkshire

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.

Average (mean) rents in South Lanarkshire have increased between 2019 and 2020 for 1 bedroom (1.5%), 2 bedroom (1.2%), 3 bedroom (1.5%), and 1 bedroom shared properties (8.3%), with 4 bedroom properties seeing a fall of 5.8%, which compares to CPI inflation of 0.5% across this time period. Average rents have increased between 2010 and 2020 for all property sizes, ranging from 7.8% for 1 bedroom properties to 19.0% for 4 bedroom properties. This compares to CPI inflation of 21.5% across this time period.

For all property sizes, since 2010 increases in the top end (upper quartile) of rents have generally been slightly greater than increases in the bottom end (lower quartile), which has widened the gap in rents slightly.

Average 2 bedroom rents have been lower than the Scotland average in each year since 2010, the gap has widened over the years, with the average rent in 2020 being £540 per month, compared to the Scotland average of £689.1