The figures show rent increases slowed from 8.1 per cent in the 12 months to February 2025, which was below the record-high rise of 9.1 per cent in March 2024.
In England, private rent annual inflation was highest in the North East (9.4 per cent) and lowest in Yorkshire and The Humber (4.6 per cent) in the 12 months to March 2025.
In March 2025, the average rent was highest in Kensington and Chelsea, London (£3,639) and lowest in Dumfries and Galloway, Scotland (£528). Excluding London, the area with the highest average rent in March 2025 was Elmbridge in Surrey (£1,893).
The average monthly private rent in March 2025 was highest for detached properties (£1,522) and lowest for flats and maisonettes (£1,306). The average UK private rent was highest for properties with four or more bedrooms (£1,996) and lowest for properties with one bedroom (£1,079).
“In addition, we are seeing vast legislative changes that will affect how and if some landlords are able to continue operating within the sector.
Alex Upton, mortgage expert at Hampshire Trust Bank, said: “The rental market remains under significant pressure, with demand continuing to outstrip supply. Letting agents are managing multiple applicants for every available property.
“While stock levels have seen some movement, competition remains fierce. Until that imbalance shifts, rental prices will continue to rise.”
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