The recent decline in rents reversed with a small average increase of £7 across the UK in October and £32 in October, according to new research published today.
That equates to a 0.75% rise nationally to £975 and 1.47% rise in London to £2,251. The average monthly rent in the South East is £1,145.
London rents are more than 200% more expensive than the rest of the country, according to the research from Move With Us.
But the rental market is still weaker than 12 months ago despite October's increase, which was bolstered by surprising growth from the regions.
Rents in the East Midlands, North East and Wales saw healthy increases at the end of October with average asking prices rising by 4.31%, 4.19% and 3.94%.
Robin King, Director of Move with Us, commented: “The surprise for October has been the sudden growth of approximately £25 in the average rents in the East Midlands, North East and Wales.
"All three of these regions performed unimpressively over recent months and these unexpected peaks mean that the markets are expected to finish the year much closer to the advertised rents of October 2012, and in the case of the East Midlands, outperforming this level.
“The strong performance of these regions throughout October was contrary to the performance of other regions but has been significant enough to push the average for the country up, while many of the strong performing and established regions have actually witnessed a decline.”
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