Cheltenham property market
In Cheltenham (South West) the average private rent is £1,249/month (ONS, May 2026) and the average house price is £332,502 (HM Land Registry, April 2026). That puts rent 10% below and house prices 23% above the UK average. The gross rental yield works out at 4.5%.
- Average rent
- £1,249/mo
- +3.0% YoY
- Average house price
- £332,502
- +4.8% 12m
- Gross rental yield
- 4.5%
- UK avg 6.1%
- Price-to-rent
- 22.2
- UK avg 16.3
Rent vs buy in Cheltenham
The average home in Cheltenham costs about 22.2 years of average rent (price-to-rent ratio 22.2), compared with 16.3 for the UK as a whole. On this market-level signal, buying looks relatively more expensive here than the UK average. This is an arithmetic ratio of the two official figures above — a market indicator, not personal financial advice.
Go deeper
- Rent in Cheltenham (1/2/3/4-bed breakdown)£1,249
- House prices in Cheltenham (by property type)£332,502
Nearby areas in South West
- Tewkesbury£1,020/mo · £319,597
- Wiltshire£1,064/mo · £325,267
- Dorset£1,041/mo · £325,696
- South Gloucestershire£1,450/mo · £338,054
- Stroud£1,039/mo · £345,405
- East Devon£973/mo · £345,899
Frequently asked questions
- What is the average rent in Cheltenham?
- The average monthly private rent in Cheltenham is £1,249, according to the ONS Price Index of Private Rents (May 2026), +3.0% over the past 12 months. The UK average is £1,383.
- What is the average house price in Cheltenham?
- The average house price in Cheltenham is £332,502 (HM Land Registry UK House Price Index, April 2026), +4.8% over 12 months. The UK average is £270,080.
- What is the gross rental yield in Cheltenham?
- Dividing the average annual rent (£14,988) by the average house price (£332,502) gives a gross rental yield of 4.5% in Cheltenham. This is a "gross" figure — before voids, management, maintenance and tax. The UK-average gross yield on the same basis is 6.1%.
- Is it cheaper to rent or buy in Cheltenham?
- In Cheltenham the average house price equals about 22.2 years of average rent (price-to-rent ratio 22.2). A higher ratio leans toward renting being relatively cheaper month-to-month; a lower ratio leans toward buying. The UK-average ratio is 16.3. This is a market-level signal, not personal financial advice.
Rent: Office for National Statistics — Price Index of Private Rents, UK: monthly price statistics — edition 17 June 2026, reference May 2026 (ONS PIPR). House prices: HM Land Registry — UK House Price Index (UKHPI), reference April 2026 (UKHPI). Both © Crown copyright, licensed under the Open Government Licence v3.0. Gross rental yield and price-to-rent ratio are computed from these two figures.