Average Rent in Leeds for 2024: Insights from SpareRoom

 21st January 2025

Leeds continues to be a prominent centre for affordable rental living in the United Kingdom. According to the most recent SpareRoom data, updated in January 2025, the city retains its appeal for students, professionals, and individuals seeking an urban lifestyle without the financial burden associated with southern cities such as London or Brighton.

This document presents an in-depth examination of the average rent in Leeds, including comparisons with other cities and the key factors impacting the rental market in 2024.

Average Monthly Room Rent in Leeds (Q4 2024)

As of the fourth quarter of 2024, the average rental rate for accommodations in Leeds is £574 PCM. For renters, understanding PCM pricing is essential for budgeting. As explained in a previous article, PCM simplifies payment schedules and gives tenants a clearer picture of their monthly financial obligations.

This figure of £574 PCM reinforces the city’s standing as an economical alternative compared to other prominent urban centres throughout the United Kingdom. 

Leeds offers an optimal equilibrium of affordable living and urban amenities, making it an increasingly favoured choice for prospective tenants.

If you’re a student or professional looking to rent in Leeds, platforms like our student accommodation page and professional lettings page provide tailored property search options, ensuring you find a home that fits your lifestyle and budget.

Leeds vs. Other UK Cities: Rental Price Comparison

The data provided by SpareRoom offers valuable insights into how Leeds measures up against other major regional cities.

Affordable Rentals

• Leeds: £574
  
  

• Manchester: £717
  
  

• Bristol: £737
  
  

• London: £950+
  

While cities like Hull (£488) and Rotherham (£483) offer cheaper options, Leeds provides better amenities and career opportunities, justifying the slightly higher cost.

Regional Comparisons

When compared to nearby cities in the North, Leeds remains in the middle range:

• Sheffield: £526
  
  

• Liverpool: £526
  
  

• Bradford: £473
  
  

• Huddersfield: £474

Leeds’ mid-range rent, coupled with its thriving city life, attracts a diverse renter demographic.

Key Factors Impacting Rent in Leeds (2024)

Several factors contribute to the city’s rental market dynamics:

1. Location

Leeds boasts a variety of neighbourhoods catering to different lifestyles:

• Student hotspots:  Areas like Headingley and Hyde Park experience higher rents due to high student demand.
  
  

• City centre appeal:  Proximity to business districts, nightlife, and shopping drives up prices for centrally located properties.

Understanding which area suits your lifestyle is key when renting in Leeds. DEU Estates’ area guides provide a detailed breakdown of Leeds’ neighbourhoods, including amenities, transport links, and local attractions.

2. Strong Student and Professional Demand

As a leading hub for higher education and industries like finance, healthcare, and tech, Leeds attracts:

• Thousands of students annually, fueling demand in neighbourhoods near universities.
  
  

• Young professionals are drawn to its job market and vibrant urban lifestyle.

3. Excellent Transport Links

Leeds’ transport network, including road, rail, and bus services, connects the city to other major northern hubs like Manchester and Sheffield. This connectivity enhances the appeal of rental properties across the city.

4. Balanced Property Supply

SpareRoom data indicates a steady supply of rental properties. However, demand remains high in prime areas, maintaining stable rental prices while preventing significant increases.

Why Choose Leeds for Renting?

Leeds offers more than just affordable rents. Here’s why it’s a top choice for renters:

• Vibrant cultural scene:  Leeds has everything from music festivals to art galleries, and if you're a sucker for history, I'd say some of the best museums in the country.
  
  

• Job opportunities:  A growing job market across multiple sectors.
  
  

• Diverse lifestyle options:  From the bustling city centre to tranquil suburban neighbourhoods.

The Roundup

As of the fourth quarter of 2024, the average rent in Leeds is £574, making it a compelling option for those seeking a mix of affordability and urban living. This city caters to a diverse range of residents, including students, young professionals, and individuals relocating for work. Leeds is recognised for its appealing balance of value, convenience, and lifestyle advantages.

It continues to be one of the most attractive cities in the UK for individuals looking to secure affordable housing while maintaining a high quality of life.