2026/27 Housing Budget Consultation
Introduction
How much will my rent go up by in 2026/27?
In February 2024, Councillors agreed to increase rent by 7% every year, for five years, starting in April 2024. 2026/27 will be the third year of the five-year period. Officers are proposing to continue the approved plan and to increase rent by 7% in 2026/27. Councillors will decide the actual rent increase at the Council’s budget meeting in February 2026.
Why are you looking to put rents up by 7% again?
The five-year rent strategy was introduced for two main reasons. The first was to give you more certainty about the rent you’ll pay over that time period, and the second was to help us better plan our spending on improving homes and services.
How will the 7% increase affect my rent?
Should the 7% rent increase be agreed by Councillors, the weekly rent on a 2 bedroom flat will increase from £120.78 to £129.24.
Here is a table showing all potential rent changes
2025/26 rent levels |
With 7% increase |
2025/26 rent levels |
With 7% increase |
2025/26 rent levels |
With 7% increase |
|
Property Type |
Weekly |
Weekly |
Monthly |
Monthly |
Annual |
Annual |
Bedsit (house or flat) |
£93.24 |
£99.78 |
£404.04 |
£432.38 |
£4,848.48 |
£5,188.56 |
1 bed flat |
£103.95 |
£111.24 |
£450.45 |
£482.04 |
£5,405.40 |
£5,784.48 |
1 bed house |
£109.23 |
£116.88 |
£473.33 |
£506.48 |
£5,679.96 |
£6,077.76 |
2 bed flat |
£120.78 |
£129.24 |
£523.38 |
£560.04 |
£6,280.56 |
£6,720.48 |
2 bed house |
£126.12 |
£134.94 |
£546.52 |
£584.74 |
£6,558.24 |
£7,016.88 |
3 bed flat |
£137.70 |
£147.33 |
£596.70 |
£638.43 |
£7,160.40 |
£7,661.16 |
3 bed house |
£143.01 |
£153.03 |
£619.71 |
£663.13 |
£7,436.52 |
£7,957.56 |
4+ bed flat |
£146.58 |
£156.84 |
£635.18 |
£679.64 |
£7,622.16 |
£8,155.68 |
4+ bed house |
£151.89 |
£162.51 |
£658.19 |
£704.21 |
£7,898.28 |
£8,450.52 |