Rightmove’s latest rental market trends data shows no major signs of disruption ahead of the Renters Rights Act coming into effect. 

The total number of available homes to rent is now 3% higher than a year ago and at its highest level for this time of year since 2021, although there has been no surge in newly listed rental properties.

The average rental home now receives eight enquiries, down from 11 a year ago and 29 at the peak of competition in 2022, indicating a continued easing in tenant competition. 

More than a quarter (26%) of rental listings saw a price reduction from the originally listed price, the highest proportion recorded for this time of year since Rightmove began tracking this metric in 2012.