The latest figures from Rightmove’s Rental Trends Tracker are in, and they confirm what many renters already feel: rents are hitting record highs across the UK. According to the July 2025 report:
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Average rent outside London is now £1,349 per month
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In London, it’s a staggering £2,698 per month
That means a 5-week deposit in London could cost around £3,113—just to move in.
Big Deposits Are a Big Barrier
For most tenants, pulling together over £3,000 upfront, on top of moving costs, the first month’s rent, and general life expenses, is a huge stretch.
And even outside London, a 5-week deposit on the average rent means £1,558 upfront. That’s money locked away and inaccessible for the entire tenancy.
But There's Good News: No Deposit Changes the Game
No Deposit replaces that massive lump sum with a simple, one-off fee, making renting dramatically more affordable.
Tenants save thousands upfront, and they still get a secure, transparent renting experience.
Landlords stay protected too, with cover that matches traditional deposit protection schemes.
For Tenants | For Landlords |
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No large upfront deposit | Financial protection in place |
Move in faster | Fewer fall-throughs |
Clear, simple terms | Happier tenants |
Rightmove also reports an 11% increase in new rental listings and an 18% rise in available stock. That’s great news—but demand still outstrips supply, meaning tenants need to move fast.
No Deposit gives tenants the ability to say “yes” sooner—without weeks of savings tied up in a deposit.
As rents continue to climb, the old way of doing things just doesn’t work for many renters anymore. No Deposit is a modern, affordable alternative that removes barriers, without removing protection.
Let’s make renting work for everyone.
Get in touch to find out how No Deposit can help your tenants and protect your properties.
*Source: https://www.rightmove.co.uk/news/rental-price-tracker?