Houses to rent in New Town, City Of Edinburgh

Frequently asked questions about renting in New Town

What is the average rent in New Town?

The average rent for a home in New Town is £1,925 a month. A few very expensive homes pull that average up, so a more typical rent is £1,650 a month. This is based on the 56 homes to rent on Houses right now.

How much is a 2 or 3 bedroom home to rent in New Town?

A typical 2-bedroom home in New Town rents for £1,625 a month and a 3-bedroom home £2,550 a month. So the extra bedroom adds about £925 a month. 1-bedroom homes rent for around £1,300 a month, and 4-bedroom homes rent for about £3,050 a month.

What is the price range of rental homes in New Town?

Most rents in New Town are between £1,175 and £4,455 a month, leaving out the very cheapest and most expensive. One in five rents for less than £1,300 a month, and one in five £2,700 a month or more.

How many homes are available to rent in New Town?

There are 46 homes to rent in New Town on Houses right now, plus 5 already let agreed. 74 new listings came onto the market in the last 30 days.

Are rents going up in New Town?

Slightly up. Homes put up to rent in New Town over the last 12 months were advertised at a typical £1,690 a month, 2.4% higher than the year before (£1,650 a month). By size, 1-bedroom homes are up 4%, 3-bedroom homes are up 13% and 4-bedroom homes are up 6%.

How quickly do rental homes let in New Town?

Most rental homes are let or taken off the market within about 2 weeks. About 71% go within the first month. Flats go faster, in about 2 weeks against about 6 weeks for houses.

What rental yield can I get in New Town?

Around 3.1% gross. That compares a typical rent of £1,650 a month with a typical sold price of £629,000. Running costs, voids and mortgage interest are not taken off.

What type of homes can I rent in New Town?

Flats and apartments are the most common, almost all homes to rent in New Town. Detached houses come next, followed by terraced houses.

Where is it cheaper to rent near New Town?

Of the areas around New Town, Broughton is the cheapest, with a typical rent of £1,400 a month, followed by Edinburgh (£1,430 a month) and Old Town (£1,700 a month). New Town itself is £1,650 a month.

Are rental homes in New Town furnished?

About 9 in 10 rental homes in New Town that say so are furnished, and the rest come unfurnished.

Which train stations are in or near New Town?

Stations in New Town include Edinburgh.