Rental DataNorth West

Average Rent in Preston

Current average monthly rents for 1–4 bedroom properties in Preston, with weekly ranges and listing volumes. Data sourced from PropertyData.co.uk.

£8452-bed avg/month
12.6%Best yield (1-bed)
80Active listings
01

Average Monthly Rents in Preston by Bedroom Type

The table below shows current average rents across Preston, based on live rental listings. The 70th-percentile range gives the weekly rent band covering the middle 70% of the market.

BedroomsAvg WeeklyAvg Monthly70% Range (weekly)Annual RentListings
1-bed£171/wk£741£115 – £210/wk£8,89220
2-bed£195/wk£845£150 – £219/wk£10,14020
3-bed£234/wk£1,014£190 – £330/wk£12,16820
4-bed£372/wk£1,612£253 – £448/wk£19,34420

Source: PropertyData.co.uk (sampled from town centre). Updated April 2026.

02

Rent vs Yield: Which Bedroom Type Performs Best?

Higher rent does not always mean higher yield. The table below compares monthly rent against asking price to reveal which bedroom type delivers the best return on investment in Preston.

BedroomsMonthly RentAsking PriceGross YieldAnnual Income
1-bed BEST YIELD£741£70,49512.6%£8,892
2-bed £845£121,5008.3%£10,140
3-bed £1,014£179,0006.8%£12,168
4-bed £1,612£354,5005.5%£19,344
12.6% gross yieldBest-performing: 1-bed at £741/month
Gross vs net yield. These figures are gross yields (annual rent ÷ asking price). Net yield — after void periods, maintenance, insurance, management fees, and Section 24 tax restrictions — is typically 1.5–2.5% lower. Use our Rental Yield Calculator for custom calculations.
03

Detailed Breakdown by Bedroom Type

1-Bedroom

12.6% yield
Weekly rent£171/wk
Monthly rent£741/mo
Annual rent£8,892
70% range£115 – £210/wk
Avg asking price£70,495
Active listings20

2-Bedroom

8.3% yield
Weekly rent£195/wk
Monthly rent£845/mo
Annual rent£10,140
70% range£150 – £219/wk
Avg asking price£121,500
Active listings20

3-Bedroom

6.8% yield
Weekly rent£234/wk
Monthly rent£1,014/mo
Annual rent£12,168
70% range£190 – £330/wk
Avg asking price£179,000
Active listings20

4-Bedroom

5.5% yield
Weekly rent£372/wk
Monthly rent£1,612/mo
Annual rent£19,344
70% range£253 – £448/wk
Avg asking price£354,500
Active listings20
04

What Landlords Should Know About Renting in Preston

Preston is a university town with 1 major institution (University of Central Lancashire (UCLan)). Student demand creates seasonal patterns — expect peak letting activity in June–September for the academic year. HMO properties near campuses typically command premium per-room rents.

HMO licensing: Preston City Council operates Additional Licensing in the central student wards near UCLan. All HMOs with 3+ occupants from 2+ households in covered areas require a licence. Mandatory licensing applies to any 5+ occupant HMO citywide.

Setting the right rent. Pricing at the 70th-percentile range (not the average) typically gives the best balance of occupancy speed and income. Overpricing by even 5-10% can significantly increase void periods, which erodes annual yield more than the higher monthly rent compensates for.

For the full investment picture — including stamp duty costs, yield analysis, and area recommendations — see our complete Preston investment guide.

Frequently Asked Questions

Quick answers to the most common questions about this topic.

Related Pages

Buy-to-Let in PrestonFull investment guide with yieldsStamp Duty in PrestonSDLT calculations at local pricesRental Yield CalculatorCalculate yield at any price point

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Disclaimer: Rental data is sourced from PropertyData.co.uk and reflects current listing averages, not guaranteed achievable rents. Actual rents depend on property condition, exact location, furnishing, and market conditions at the time of letting. This does not constitute financial or investment advice.