Average rent in Cherwell
The average private rent in Cherwell was £1,316 a month in September 2026, +3.2% on a year earlier. A two-bedroom home costs £1,229, 5% below the UK average of £1,287 and 4% below the average for the South East. It is the 30th cheapest of 64 areas in the South East. Over the past year, 3 bed homes rose fastest (+3.6%).
Rent by number of bedrooms
Average monthly private rent (pcm).
Salary needed to rent in Cherwell
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 | £984 | £39,360 | £29,520 |
| 2 bedrooms | £1,229 | £49,160 | £36,870 |
The median full-time salary for Cherwell residents is £42,147 (2025, £20.29 an hour). A one-bedroom at the average rent takes 28% of that before tax, within the 30% guideline.
Renting vs buying in Cherwell
How rents in Cherwell have changed
Average rent is +45.6% since 2016.
| Year | Average rent | 2 bed |
|---|---|---|
| 2026 | £1,316 | £1,229 |
| 2025 | £1,276 | £1,188 |
| 2024 | £1,185 | £1,102 |
| 2023 | £1,104 | £1,026 |
| 2022 | £1,033 | £962 |
| 2021 | £970 | £904 |
| 2020 | £941 | £880 |
| 2019 | £943 | £881 |
| 2018 | £918 | £859 |
| 2017 | £907 | £850 |
| 2016 | £904 | £848 |
Areas with similar rents
| # | Area | Region | 1 bed | 2 bed | 3 bed | Change (12m) |
|---|---|---|---|---|---|---|
| 1 | Chichester | South East | £953 | £1,229 | £1,517 | +3.5% |
| 2 | West Berkshire | South East | £948 | £1,232 | £1,532 | +6.2% |
| 3 | Lewes | South East | £930 | £1,226 | £1,518 | +5.4% |
| 4 | Thurrock | East of England | £946 | £1,222 | £1,484 | +5.3% |
| 5 | Milton Keynes | South East | £979 | £1,219 | £1,455 | +4.0% |
| 6 | Manchester | North West | £1,007 | £1,239 | £1,441 | +4.6% |
Frequently asked questions
What is the average rent in Cherwell?
The average private rent in Cherwell was £1,316 a month in September 2026, up 3.2% on a year earlier. A one-bedroom averaged £984 and a two-bedroom £1,229 (ONS Price Index of Private Rents).
What salary do you need to rent in Cherwell?
To keep a £984 one-bedroom rent within 30% of gross income you need about £39,360 a year. Letting agents usually ask for an annual income of 30 times the monthly rent, which is £29,520. The median full-time salary for residents is £42,147.
Is Cherwell expensive to rent compared with the rest of the UK?
A two-bedroom in Cherwell costs £1,229 a month, 5% below the UK average of £1,287. It ranks 204 of 282 larger UK areas from cheapest to most expensive.
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.