What You’ll Pay for Apartments and Houses in 2026
If you are looking for apartments or houses to rent in the Steel City, you’ve likely noticed the market is moving fast. According to the latest data from the Office for National Statistics (ONS), Sheffield has seen a steady climb in property costs over the last year.
As of January 2026, the average monthly private rent in Sheffield hit £920. This represents a 5.1% increase from the £875 recorded in January 2025. While Sheffield remains more affordable than the UK average of £1,367, it is currently sitting above the wider Yorkshire and the Humber average of £843.
Rent by Property Size: From Studios to 4-Beds
Whether you are searching for a compact studio to rent or a spacious family home, the price hike varies depending on the number of bedrooms. Interestingly, smaller properties are seeing the highest percentage growth.
- 1-bed apartment to rent or houses: Average rent is now £682 (a 5.6% annual increase).
- 2-bed apartment to rent or houses: Average rent is £830.
- 3-bed apartments to rent or houses: Average rent is £953.
- 4+ bed apartments to rent or houses: Average rent is £1,329.
For those looking for apartments or “flats and maisonettes” specifically, the average price across the city is currently £765.
Sheffield Property Type Comparison
If you are deciding between a modern flat or a traditional house, here is how the monthly averages break down by property type:
| Property Type | Average Monthly Rent |
| Apartments, Flats & Maisonettes | £765 |
| Terraced Houses | £911 |
| Semi-Detached | £976 |
| Detached Houses | £1,223 |
Why the Rise?
The 5.4% rise in terraced property rents suggests a high demand for character homes near the city centre and student hubs. Meanwhile, the 5.6% jump for 1-bed apartments highlights a competitive market for young professionals and couples seeking independent living.
If you are a landlord looking to let a property or a tenant searching for apartments in Sheffield, staying ahead of these trends is key to navigating the local market.
