Average rent in Warwick
The average private rent in Warwick was £1,244 a month in September 2026, +2.0% on a year earlier. A two-bedroom home costs £1,108, 14% below the UK average of £1,287 and 25% above the average for the West Midlands. It is the most expensive of 30 areas in the West Midlands. 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 Warwick
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 | £885 | £35,400 | £26,550 |
| 2 bedrooms | £1,108 | £44,320 | £33,240 |
The median full-time salary for Warwick residents is £48,523 (2025, £25.31 an hour). A one-bedroom at the average rent takes 22% of that before tax, within the 30% guideline.
Renting vs buying in Warwick
How rents in Warwick have changed
Average rent is +35.4% since 2016.
| Year | Average rent | 2 bed |
|---|---|---|
| 2026 | £1,244 | £1,108 |
| 2025 | £1,220 | £1,086 |
| 2024 | £1,169 | £1,036 |
| 2023 | £1,084 | £960 |
| 2022 | £1,003 | £890 |
| 2021 | £969 | £862 |
| 2020 | £962 | £859 |
| 2019 | £962 | £859 |
| 2018 | £965 | £865 |
| 2017 | £954 | £855 |
| 2016 | £919 | £825 |
Areas with similar rents
| # | Area | Region | 1 bed | 2 bed | 3 bed | Change (12m) |
|---|---|---|---|---|---|---|
| 1 | Braintree | East of England | £857 | £1,108 | £1,366 | +2.5% |
| 2 | Central Bedfordshire | East of England | £870 | £1,105 | £1,386 | +4.4% |
| 3 | Cheltenham | South West | £875 | £1,103 | £1,364 | +6.1% |
| 4 | Eastleigh | South East | £864 | £1,115 | £1,368 | +3.7% |
| 5 | Southampton | South East | £883 | £1,117 | £1,363 | +3.7% |
| 6 | Luton | East of England | £913 | £1,122 | £1,348 | +3.7% |
Frequently asked questions
What is the average rent in Warwick?
The average private rent in Warwick was £1,244 a month in September 2026, up 2.0% on a year earlier. A one-bedroom averaged £885 and a two-bedroom £1,108 (ONS Price Index of Private Rents).
What salary do you need to rent in Warwick?
To keep a £885 one-bedroom rent within 30% of gross income you need about £35,400 a year. Letting agents usually ask for an annual income of 30 times the monthly rent, which is £26,550. The median full-time salary for residents is £48,523.
Is Warwick expensive to rent compared with the rest of the UK?
A two-bedroom in Warwick costs £1,108 a month, 14% below the UK average of £1,287. It ranks 179 of 282 larger UK areas from cheapest to most expensive.
All areas in the West 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.