Plymouth’s rental market continues to show resilience as we move into summer, with rents stabilising, tenant demand remaining healthy, and the sector continuing to adapt to the recent introduction of the Renters’ Rights Act. While the market is evolving, Plymouth remains one of the South West’s most accessible and attractive rental locations 📈
🔹 Rental growth begins to steady – Average private rents in Plymouth now sit at approximately £915 PCM, a marginal increase from last month. While monthly growth has slowed, rents remain around 29% higher than this time last year, highlighting the strong upward movement seen across the past 12 months.
🔹 A more balanced market emerges – After several years of intense competition and rapidly rising rents, the market is beginning to settle into a more stable rhythm. More rental properties are becoming available, giving tenants increased choice and more time to make decisions, creating a healthier balance across the sector.
🔹 Tenant expectations are changing – Today’s renters are becoming more selective, carefully considering factors such as energy efficiency, broadband speeds, presentation, and property condition. Well-maintained homes priced realistically continue to perform strongly, while overpriced properties are increasingly at risk of longer void periods.
🔹 The Renters’ Rights Act beds in – Following the introduction of the Renters’ Rights Act on 1st May, the first signs suggest a market adjusting rather than reacting dramatically. While some landlords have chosen to exit the sector, the widespread landlord exodus many anticipated has yet to materialise locally.
🔹 Landlords who adapt will thrive – Legislative change is reshaping the sector, but well-informed landlords who maintain compliant, professionally managed properties remain well positioned. Plymouth City Council is increasing enforcement activity, placing greater emphasis on landlords staying ahead of evolving requirements.
🔹 Plymouth continues to offer value – Compared with many southern markets, Plymouth remains relatively affordable, helping to support steady demand from professionals, families, and students alike. This affordability continues to be one of the city’s greatest strengths.
🔹 Returns remain attractive – Nationally, rental stock levels have increased, while average yields continue to edge upwards. Combined with Plymouth’s strong tenant demand and relative affordability, the city continues to offer attractive opportunities for landlords and investors.
🔹 Market outlook – The outlook for Plymouth’s lettings market remains positive but measured. As the sector adjusts to legislative change and tenant expectations evolve, the market appears to be rebalancing rather than slowing, with fundamentals remaining resilient as we progress through 2026.
📊 Whether you’re a landlord, tenant, or investor, understanding local rental trends is essential for making informed decisions in today’s changing market.
📖 View the full lettings report here 👇
