Average rent in Monmouthshire
The average private rent in Monmouthshire was £994 a month in September 2026, +2.1% on a year earlier. A two-bedroom home costs £921, 28% below the UK average of £1,287 and 18% above the average for Wales. It is the 2nd most expensive of 22 areas in Wales. Over the past year, 3 bed homes rose fastest (+2.3%).
Rent by number of bedrooms
Average monthly private rent (pcm).
Salary needed to rent in Monmouthshire
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 | £730 | £29,200 | £21,900 |
| 2 bedrooms | £921 | £36,840 | £27,630 |
The median full-time salary for Monmouthshire residents is £41,529 (2025, £21.23 an hour). A one-bedroom at the average rent takes 21% of that before tax, within the 30% guideline.
Renting vs buying in Monmouthshire
How rents in Monmouthshire have changed
Average rent is +63.0% since 2016.
| Year | Average rent | 2 bed |
|---|---|---|
| 2026 | £994 | £921 |
| 2025 | £974 | £902 |
| 2024 | £922 | £858 |
| 2023 | £850 | £791 |
| 2022 | £766 | £714 |
| 2021 | £712 | £663 |
| 2020 | £662 | £616 |
| 2019 | £652 | £606 |
| 2018 | £629 | £585 |
| 2017 | £617 | £573 |
| 2016 | £610 | £569 |
Areas with similar rents
| # | Area | Region | 1 bed | 2 bed | 3 bed | Change (12m) |
|---|---|---|---|---|---|---|
| 1 | Ipswich | East of England | £748 | £921 | £1,054 | +4.5% |
| 2 | Cheshire West and Chester | North West | £731 | £922 | £1,132 | +6.7% |
| 3 | Harborough | East Midlands | £719 | £919 | £1,127 | +4.5% |
| 4 | Somerset | South West | £695 | £918 | £1,142 | +6.3% |
| 5 | Nottingham | East Midlands | £735 | £916 | £1,054 | +1.7% |
| 6 | Worcester | West Midlands | £716 | £915 | £1,095 | +6.1% |
Frequently asked questions
What is the average rent in Monmouthshire?
The average private rent in Monmouthshire was £994 a month in September 2026, up 2.1% on a year earlier. A one-bedroom averaged £730 and a two-bedroom £921 (ONS Price Index of Private Rents).
What salary do you need to rent in Monmouthshire?
To keep a £730 one-bedroom rent within 30% of gross income you need about £29,200 a year. Letting agents usually ask for an annual income of 30 times the monthly rent, which is £21,900. The median full-time salary for residents is £41,529.
Is Monmouthshire expensive to rent compared with the rest of the UK?
A two-bedroom in Monmouthshire costs £921 a month, 28% below the UK average of £1,287.
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.