Average Rents in Northern Ireland Top £1,000

For years, Northern Ireland was celebrated as one of the most affordable regions in the UK for housing. However, the latest data suggests that this "affordability gap" is closing. According to the most recent PropertyPal quarterly report, the average monthly rent for a house in Northern Ireland has officially hit a historic—and for many, challenging—milestone: £1,000 per month.

The Current Landscape: A Market Under Pressure

The figure, specifically £1,001 per month for houses, represents a significant shift for local residents. While apartments sit slightly lower at an average of £984, the overall market average across all property types has climbed to £995—a 5.6% increase compared to the previous year.

As Jordan Buchanan, Chief Executive Officer at PropertyPal, noted in the report:

"Rising rents have been a defining feature of the housing market in recent years... The average rent is now just under £1,000 per month, with annual growth of 5.6% compared to Q4 2024."

Why the Surge?

The rise in prices is largely driven by a "chronic" undersupply of available homes. Despite an 11% increase in rental stock over the last year, demand continues to outstrip supply at a staggering rate. In the final quarter of 2025, there was an average of 52 enquiries per rental listing—60% higher than long-term norms. This level of competition often leads to "rental bidding," driving prices even further beyond the reach of the average earner.

Regional Hotspots: Belfast and Beyond

While the £1,000 average applies to Northern Ireland as a whole, the pressure is most intense in our local hubs. Belfast remains the primary hotspot, with average rents often exceeding the national average. Areas like Lisburn, Castlereagh, and East Belfast continue to see high demand, making the search for a home increasingly competitive.

How SMART Residential Can Help

In a market this fast-paced, having local experts on your side makes all the difference. Whether you are a property owner or a prospective tenant, SMART Residential is here to navigate these changes with you.

For Landlords: Are you achieving the best return on your investment while staying compliant with ever-changing legislation? We offer industry-leading property management and marketing to help you find the perfect tenants and manage your property stress-free. With 52 enquiries per property, let us handle the vetting and selection process for you.

For Tenants: We know how stressful it is to find a home in this climate. By registering with us, you gain access to a team that understands the local market and works to match the right people with the right homes.

Looking Ahead to 2026

Experts predict that while the rate of growth might moderate, rents are still expected to rise by another 4% to 5% in 2026.

Are you ready for the next move in the NI property market? Whether you’re looking to let your property or find your next home, we’d love to help.

Contact the SMART Residential team today:

Visit: www.srni.co.uk

Call us: 028 9521 7587

Pop in: 16-18 Belmont Road, Belfast

Source: PropertyPal NI Housing Market Update