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.
In the year to end September 2024, average 2 bedroom rents increased above the average 12 month UK CPI inflation rate of 3.0% in 17 out of 18 areas of Scotland. Changes in rents ranged from -2.4% (or -£25 per month) in Greater Glasgow up to +14.0% (or £167 per month) in Lothian.
Average rents for 2 bedroom properties at the Scotland level increased by an estimated 6.2% (or £52 per month) between 2023 and 2024, to reach £893 in 2024.
Lothian had the highest average monthly 2 bedroom rents (£1,358) in the latest year to end September 2024. Dumfries and Galloway had the lowest (£505).
It should be noted that the small decrease in average 2 bedroom rents in Greater Glasgow of 2.4% in year to end September 2024 followed a large increase of 22.3% in year to end September 2023.
Figures on longer term changes to rents for 2 bedroom 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, Lothian and Greater Glasgow saw large cumulative 2 bedroom rent increases above the level of CPI inflation. Dundee and Angus, East Dunbartonshire, Forth Valley and Fife were generally around 10 percentage points above the rate of CPI inflation. Argyll and Bute, South Lanarkshire, North Lanarkshire, West Dunbartonshire, Renfrewshire / Inverclyde, West Lothian were all around the level of CPI inflation. In the remaining areas of Scotland cumulative changes were below CPI inflation. Chart 4 illustrates these changes.
Overall Scottish 2 bedroom rent increased by 61.3% between 2010 and 2024 to reach £893 in 2024.
For more details on 2 bedroom rents for individual BRMAs see Table 2 and Charts 4,5 and 6 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 2: 2 Bedroom 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 |
£643 |
£720 |
£766 |
19.2% |
6.4% |
|
Argyll and Bute |
£503 |
£723 |
£756 |
50.4% |
4.6% |
|
Ayrshires |
£464 |
£546 |
£595 |
28.1% |
9.0% |
|
Dumfries and Galloway |
£435 |
£487 |
£505 |
16.0% |
3.7% |
|
Dundee and Angus |
£497 |
£745 |
£813 |
63.5% |
9.1% |
|
East Dunbartonshire |
£581 |
£897 |
£938 |
61.4% |
4.5% |
|
Fife |
£464 |
£700 |
£741 |
59.8% |
5.9% |
|
Forth Valley |
£492 |
£748 |
£793 |
60.9% |
6.0% |
|
Greater Glasgow |
£564 |
£1,050 |
£1,024 |
81.8% |
-2.4% |
|
Highland and Islands |
£503 |
£662 |
£697 |
38.5% |
5.3% |
|
Lothian |
£665 |
£1,192 |
£1,358 |
104.4% |
14.0% |
|
North Lanarkshire |
£455 |
£621 |
£672 |
47.9% |
8.2% |
|
Perth and Kinross |
£506 |
£644 |
£668 |
31.9% |
3.8% |
|
Renfrewshire / Inverclyde |
£473 |
£638 |
£697 |
47.4% |
9.3% |
|
Scottish Borders |
£442 |
£586 |
£609 |
38.0% |
4.1% |
|
South Lanarkshire |
£481 |
£672 |
£714 |
48.5% |
6.1% |
|
West Dunbartonshire |
£492 |
£682 |
£726 |
47.4% |
6.4% |
|
West Lothian |
£527 |
£688 |
£772 |
46.4% |
12.2% |
|
Scotland |
£554 |
£841 |
£893 |
61.3% |
6.2% |
Note: Some percentage change figures may not sum due to rounding’s
Chart 4: 2 bedroom properties: 2010 to 2024 % change in average (mean) rents for years to end-Sept, by Broad Rental Market Area
Chart 5: 2 bedroom properties: 2023 to 2024 % change in average (mean) rents for years to end-Sept, by Broad Rental Market Area
Chart 6: 2 bedroom properties: average (mean) monthly rents in 2024 (year to end-Sept), by Broad Rental Market Area
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