Average Rent in Leeds for 2024: Insights from SpareRoom

 21st January 2025

According to the latest data from SpareRoom, updated in January 2025, Leeds continues to offer competitive rental prices compared to other major cities in the UK. The platform’s report reveals key insights into the average rent for rooms across various towns and cities, with Leeds standing out in the mid-range of the market.

Average Monthly Room Rent in Leeds (Q4 2024)

For the fourth quarter of 2024, the average monthly rent for a room in Leeds is £574. This puts Leeds in the affordable bracket for UK cities, with rents well below those in southern cities like London and Brighton, making it an attractive location for renters looking for value without compromising on amenities and connectivity.

Comparing Leeds to Other UK Cities (Based on SpareRoom Data)

• Affordable Rentals: At £574, Leeds offers a reasonable rental price compared to larger cities like Manchester (£717) and Bristol (£737), which have notably higher average rents. Cities like Hull (£488) and Rotherham (£483) offer cheaper options, but Leeds balances affordability with urban conveniences, attracting a wider range of renters.
• Regional Comparison: When compared to nearby cities in the North, Leeds sits comfortably in the middle. Cities like Sheffield (£526) and Liverpool (£526) offer similar rates, while smaller towns like Bradford (£473) and Huddersfield (£474) come in at lower prices, making Leeds a more central, urban choice.

Factors Impacting Rent in Leeds (According to SpareRoom)

1. Location:  Leeds offers various neighbourhoods, from the lively city centre to quieter residential areas. Areas close to universities, such as Headingley and Hyde Park, see higher rental prices due to the high demand from students. With its thriving business and leisure offerings, the city centre also drives rental demand.
   
   
2. Student and Professional Demand:  Leeds' popularity among students and young professionals helps keep the rental market competitive. The city’s top universities and growing professional sector, especially in finance, healthcare, and tech, contribute to a steady demand for rental rooms.
   
   
3. Transport Links:  Excellent connectivity through road, rail, and bus networks makes Leeds an attractive city for commuters and residents who need access to other major northern cities. This infrastructure plays a role in sustaining demand for rental properties in various areas of the city.
   
   
4. Property Supply: SpareRoom’s data shows that while there is an increasing supply of rental properties in Leeds, demand remains high, particularly in areas with good access to transport, amenities, and universities. This balance between supply and demand helps keep rental prices stable and within an accessible range for many.

Conclusion

The data from SpareRoom highlights that Leeds remains an attractive city for renters, with an average room rent of £574 as of Q4 2024. Whether you're a student, a professional, or someone relocating for work, Leeds offers an ideal mix of affordability, city living, and accessibility. While rental prices are slightly higher than in smaller nearby towns, the city’s extensive amenities, job market, and vibrant cultural scene make it a highly appealing choice for those looking to rent in the North of England.