Updated for 2026: for the latest figures, read Hull Rental Market 2026.
As we progress through 2025, Hull's rental market continues to evolve, presenting both opportunities and challenges for tenants and landlords. This comprehensive overview delves into current rental prices, demand and supply dynamics, and future projections, offering valuable insights for all stakeholders in Hull's rental sector.
Current Rental Prices in Hull
As of December 2024, the average monthly rent in Kingston upon Hull stands at £627, marking a 10.1% increase from £570 in December 2023. This rise outpaces the regional rental growth in Yorkshire and The Humber, which experienced a 5.4% increase over the same period.
Rental prices by property type:
- One-bedroom properties: £449
- Two-bedroom properties: £557
- Three-bedroom properties: £670
- Four or more bedrooms: £900
These figures indicate a robust demand for rental properties across all sizes, with notable increases in larger family homes.
Demand and Supply Dynamics
Demand for rental property in Hull has remained strong, helped by comparatively affordable living costs.
Supply has not kept pace. Some landlords have left the market because of increased regulation and financial pressures, which has made the market tighter and increased competition among tenants.
Impact of New Housing Developments
Hull City Council's Housing Growth Plan (2025-2031) aims to add nearly 6,000 homes to the city's housing stock, with 1,452 designated as affordable housing. This initiative is expected to alleviate some pressure on the rental market by increasing the availability of affordable rental units and providing more options for prospective tenants.
Future Projections
Demand for rented homes in Hull has been strong, and rents may continue to rise, though more slowly. Landlords who improve energy efficiency and maintain their properties to a high standard are better placed to attract reliable tenants and achieve sound rental yields.
Challenges Facing the Rental Market
Several challenges persist in Hull's rental market:
- Affordability Concerns: Rising rents are outpacing wage growth, making it increasingly difficult for tenants to afford housing.
- Regulatory Changes: Landlords face evolving regulations, including energy efficiency standards and tenancy laws, which may impact their profitability and willingness to remain in the rental market.
- Supply Constraints: The shortage of available rental properties continues to drive competition among tenants, leading to potential bidding wars and further rent increases.