Average rent in Charnwood
The average private rent in Charnwood was £967 a month in September 2026, +4.8% on a year earlier. A two-bedroom home costs £853, 34% below the UK average of £1,287 and 3% above the average for the East Midlands. It is the 9th most expensive of 35 areas in the East Midlands. Over the past year, 3 bed homes rose fastest (+5.0%).
Rent by number of bedrooms
Average monthly private rent (pcm).
Salary needed to rent in Charnwood
Two common tests: rent at no more than 30% of gross income, and the letting-agent referencing check of an annual income at least 30× the monthly rent.
| Home | Rent (pcm) | Salary for 30% rule | Agent check (30× rent) |
|---|---|---|---|
| 1 bedroom | £683 | £27,320 | £20,490 |
| 2 bedrooms | £853 | £34,120 | £25,590 |
The median full-time salary for Charnwood residents is £38,078 (2025, £19.81 an hour). A one-bedroom at the average rent takes 22% of that before tax, within the 30% guideline.
Renting vs buying in Charnwood
How rents in Charnwood have changed
Average rent is +57.7% since 2016.
| Year | Average rent | 2 bed |
|---|---|---|
| 2026 | £967 | £853 |
| 2025 | £923 | £813 |
| 2024 | £853 | £748 |
| 2023 | £778 | £681 |
| 2022 | £717 | £630 |
| 2021 | £696 | £613 |
| 2020 | £680 | £600 |
| 2019 | £663 | £586 |
| 2018 | £648 | £574 |
| 2017 | £630 | £558 |
| 2016 | £613 | £545 |
Areas with similar rents
| # | Area | Region | 1 bed | 2 bed | 3 bed | Change (12m) |
|---|---|---|---|---|---|---|
| 1 | Breckland | East of England | £670 | £853 | £1,053 | +4.6% |
| 2 | Sandwell | West Midlands | £680 | £851 | £1,015 | +7.3% |
| 3 | King's Lynn and West Norfolk | East of England | £650 | £849 | £1,054 | +3.6% |
| 4 | Wolverhampton | West Midlands | £675 | £845 | £1,014 | +10.7% |
| 5 | Hinckley and Bosworth | East Midlands | £637 | £842 | £1,027 | +2.8% |
| 6 | South Staffordshire | West Midlands | £670 | £864 | £1,026 | +6.3% |
Frequently asked questions
What is the average rent in Charnwood?
The average private rent in Charnwood was £967 a month in September 2026, up 4.8% on a year earlier. A one-bedroom averaged £683 and a two-bedroom £853 (ONS Price Index of Private Rents).
What salary do you need to rent in Charnwood?
To keep a £683 one-bedroom rent within 30% of gross income you need about £27,320 a year. Letting agents usually ask for an annual income of 30 times the monthly rent, which is £20,490. The median full-time salary for residents is £38,078.
Is Charnwood expensive to rent compared with the rest of the UK?
A two-bedroom in Charnwood costs £853 a month, 34% below the UK average of £1,287. It ranks 111 of 282 larger UK areas from cheapest to most expensive.
All areas in the East Midlands →
Rents: ONS Price Index of Private Rents (September 2026), average of new and existing private tenancies — official statistics in development. House prices: HM Land Registry UK House Price Index. Pay: ONS Annual Survey of Hours and Earnings, median gross pay of full-time employees by place of residence. Contains public sector information licensed under the Open Government Licence v3.0. See our methodology.