Private Sector Rent Statistics, Scotland, 2010 to 2024
This publication presents statistics on average private sector rent levels in Scotland by Broad Rental Market Area and size of property, for the years 2010 to 2024.
Note that some areas have a relatively low number of 1 bedroom shared property records recorded, and therefore some caution is needed when interpreting the findings given that the averages presented can be based on a small number of underlying records.
In the year to end September 2024, average 1 bedroom shared rents increased above the average 12 month UK CPI inflation rate of 3.0% in 16 out of 18 areas of Scotland. Changes in rents ranged from +0.3% (or £2 per month) in Greater Glasgow up to +25% (or £107 per month) in Ayrshires.
Average rents for 1 bedroom shared properties at the Scotland level increased by an estimated 8.3% (or £41 per month) between 2023 and 2024, to reach £530 in 2024.
Lothian had the highest average monthly 1 bedroom shared rent (£595) in the latest year to end September 2024. Dumfries and Galloway had the lowest (£403).
It should be noted that the small increase in average 1 bedroom shared rents in Greater Glasgow of 0.3% in year to end September 2024 followed a large increase of 27.1% in year to end September 2023.
Figures on longer term changes to rents for 1 bedroom shared properties over the period from 2010 to 2024 should be considered in the context of the cumulative increase in UK CPI of 50.0% from the year to end September 2010 to the year to end September 2024.
Over the 2010 to 2024 period most areas of Scotland had large increases in average 1 bedroom shared rents above the level of CPI inflation. These increases ranged from 57% in Argyll and Bute to 103% in Forth Valley. Renfrewshire / Inverclyde, North Lanarkshire and Aberdeen and Shire saw rents increase below the rate of CPI inflation. Chart 13 illustrates these changes.
Overall Scottish 1 bedroom shared rents increased by 73.7% between 2010 and 2024 to reach £530 in 2024.
For more details on 1 bedroom shared rents for individual BRMAs see Table 5 and Chart 13, 14 and 15 below. For a detailed breakdown of quartile and average rents for each year see the supporting document excel workbook “BRMA Detailed Profiles” or “Private Rents Open Data”. Also note that the Scotland average figures have been calculated using a weighted stock approach, with further information on this available in the Data and Methodology Section.
Table 5: 1 Bedroom Shared Properties - Average (mean) monthly rents (£): 2010 to 2024, by Broad Rental Market Area
|
Broad Rental Market Area |
2010 |
2023 |
2024 |
2010 to 2024 change |
2023 to 2024 change |
|
Aberdeen and Shire |
£328 |
£385 |
£403 |
22.6% |
4.6% |
|
Argyll and Bute* |
£316 |
£419 |
£496 |
57.1% |
18.4% |
|
Ayrshires |
£302 |
£423 |
£531 |
75.9% |
25.3% |
|
Dumfries and Galloway |
£278 |
£398 |
£438 |
57.7% |
10.0% |
|
Dundee and Angus |
£263 |
£407 |
£429 |
63.3% |
5.4% |
|
East Dunbartonshire* |
£300 |
£474 |
£531 |
76.8% |
12.1% |
|
Fife |
£271 |
£472 |
£522 |
92.8% |
10.6% |
|
Forth Valley |
£276 |
£501 |
£559 |
102.9% |
11.6% |
|
Greater Glasgow |
£313 |
£544 |
£546 |
74.4% |
0.3% |
|
Highland and Islands |
£287 |
£448 |
£479 |
66.7% |
6.9% |
|
Lothian |
£320 |
£529 |
£595 |
85.9% |
12.4% |
|
North Lanarkshire |
£297 |
£421 |
£427 |
43.7% |
1.3% |
|
Perth and Kinross |
£262 |
£415 |
£474 |
81.1% |
14.3% |
|
Renfrewshire / Inverclyde |
£296 |
£416 |
£440 |
48.4% |
5.8% |
|
Scottish Borders |
£256 |
£382 |
£444 |
73.6% |
16.0% |
|
South Lanarkshire |
£309 |
£462 |
£526 |
70.3% |
14.0% |
|
West Dunbartonshire* |
£289 |
£437 |
£521 |
80.3% |
19.3% |
|
West Lothian |
£279 |
£480 |
£517 |
85.4% |
7.7% |
|
Scotland |
£305 |
£490 |
£530 |
73.7% |
8.3% |
Note: Some percentage change figures may not sum due to rounding’s
*Small sample size - 40 or below records collected.
Chart 13: 1 bedroom shared properties: 2010 to 2024 % change in average (mean) rents for years to end-Sept, by Broad Rental Market Area
Chart 14: 1 bedroom shared properties: 2023 to 2024 % change in average (mean) rents for years to end-Sept, by Broad Rental Market Area
Chart 15: 1 bedroom shared properties: average (mean) monthly rents in 2024 (year to end-Sept), by Broad Rental Market Area
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