Average Rent in Peterborough
As of January 2026, the average rent in Peterborough is £973/month — 27% below the England average of £1,332. Rents have changed by +3.2% over the past year.
Key figures
- Average rent: £973/month (27% below the England average of £1,332)
- Rents are up +3.2% year-on-year
- 1-bed average: £681/month
- Market rents exceed LHA by £108/month for a 1-bed
Rent by bedroom type
Here's how average monthly rent in Peterborough breaks down by number of bedrooms, with year-on-year change for each.
| Type | Avg. rent | YoY change |
|---|---|---|
| All properties | £973 | +3.2% |
| 1 bedroom | £681 | +4.0% |
| 2 bedrooms | £860 | +3.6% |
| 3 bedrooms | £1,035 | +3.4% |
| 4+ bedrooms | £1,503 | +2.5% |
Rent by property type
Average rents in Peterborough also vary by property type. Flats and maisonettes tend to be cheaper than detached houses.
| Property type | Avg. rent |
|---|---|
| Detached | £1,356 |
| Semi-detached | £1,020 |
| Terraced | £977 |
| Flat / maisonette | £774 |
Local Housing Allowance comparison
The Local Housing Allowance (LHA) sets the maximum housing benefit for renters in the Peterborough area (April 2024 to March 2025). Here's how it compares to actual market rents.
| Size | LHA rate | Market rent | Gap |
|---|---|---|---|
| Shared | £344 | — | — |
| 1 bed | £573 | £681 | +£108 |
| 2 bed | £698 | £860 | +£162 |
| 3 bed | £808 | £1,035 | +£227 |
| 4 bed | £1,047 | £1,503 | +£456 |
Where market rent exceeds the LHA rate, renters on housing benefit may need to cover the difference themselves.
Renting in Peterborough: what to know
Peterborough is in the East of England region of England. The average rent of £973 per month is 27% below the England average of £1,332. This is 23% below the East of England regional average of £1,269.
Rents in Peterborough have risen +3.2% over the past year, slower than the East of England average of +5.2%.
The Local Housing Allowance for the Peterborough area is £573/month for a 1-bed, slightly below the market average of £681. Renters on housing benefit may face a modest shortfall of £108/month.
If you’re looking to rent in Peterborough, building a strong credit profile can help you pass tenant referencing checks and access a wider range of properties. Reporting your rent payments to credit agencies is one way to start building that history.
FAQs
What is the average rent in Peterborough?
The average rent in Peterborough is £973 per month as of January 2026. This covers all property sizes. A 1-bed averages £681, a 2-bed £860, a 3-bed £1,035.
Is rent in Peterborough going up or down?
Rents in Peterborough have increased by +3.2% over the past year. This is broadly in line with national trends.
How does rent in Peterborough compare to Local Housing Allowance?
The average 1-bed rent in Peterborough (£681) is £108 above the LHA rate of £573 for the Peterborough area. This means renters on housing benefit may face a shortfall.
Related topics
Other areas in East of England
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