Houses to rent in Peterborough

Frequently asked questions about renting in Peterborough

What is the average rent in Peterborough?

The average rent for a home in Peterborough is £1,115 a month. A typical home, the one in the middle of the range, is £1,050 a month. This is based on the 559 homes to rent on Houses right now.

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

A typical 2-bedroom home in Peterborough rents for £1,025 a month and a 3-bedroom home £1,175 a month. So the extra bedroom adds about £150 a month. 1-bedroom homes rent for around £825 a month, and 4-bedroom homes rent for about £1,600 a month.

What is the price range of rental homes in Peterborough?

Most rents in Peterborough are between £750 and £2,760 a month, leaving out the very cheapest and most expensive. One in five rents for less than £880 a month, and one in five £1,300 a month or more.

How many homes are available to rent in Peterborough?

There are 548 homes to rent in Peterborough on Houses right now, plus 165 already let agreed. 527 new listings came onto the market in the last 30 days.

Are rents going up in Peterborough?

They are holding steady. Homes put up to rent in Peterborough over the last 12 months were advertised at a typical £995 a month, about the same as the year before (£995 a month). By size, 1-bedroom homes are up 10%, 2-bedroom homes are up 5% and 3-bedroom homes are down 4%.

How quickly do rental homes let in Peterborough?

Most rental homes are let or taken off the market within about 4 weeks. About 56% go within the first month. Houses go faster, in about 3 weeks against about 4 weeks for flats.

What rental yield can I get in Peterborough?

About 8.9% gross for flats and 5.6% for houses. That compares typical rents with what flats and houses actually sold for in Peterborough over the last year. Running costs, voids and mortgage interest are not taken off.

What type of homes can I rent in Peterborough?

Flats and apartments are the most common, about 6 in 10 homes to rent in Peterborough. Terraced houses come next, followed by semi-detached houses. Bungalows are the cheapest, at about £925 a month, and detached houses the most expensive, at about £1,400 a month.

Where is it cheaper to rent near Peterborough?

Of the areas around Peterborough, Millfield is the cheapest, with a typical rent of £815 a month, followed by Newark (£895 a month). Peterborough itself is £1,050 a month.

Are rental homes in Peterborough furnished?

About 2 in 10 rental homes in Peterborough that say so are furnished, and the rest come unfurnished.

What are the schools like in Peterborough?

There are 39 primary and 11 secondary schools in Peterborough. 78% of those inspected by Ofsted were rated good or outstanding, and 4 were outstanding.

Which train stations are in or near Peterborough?

Stations in Peterborough include Peterborough.