Rent vs buy calculator · England
Rent vs buy in Coventry: is it cheaper to rent or buy?
Buying leaves you £23,013 better off after 7 years. Owning a 2-bed terraced house costs about £1,489 a month, against £1,099 to rent the same size home.
- After 7 years
- Buy +£23,013
- Difference in net wealth
- Monthly cost to own
- £1,489
- Mortgage £1,104, of which £333 is capital
- Monthly cost to rent
- £1,099
- Rent £913 plus council tax
- Median price
- £214,000
- terraced house
- Cash needed to buy
- £21,400
- £21,400 deposit + £0 SDLT
- Price-to-rent ratio
- 19.5
- Price divided by a year of rent
Renting vs buying in Coventry by home size
| Bedrooms | Price | Rent / mo | Owning vs renting / mo | After 7 yrs |
|---|---|---|---|---|
| 1 bed | £130,000 | £759 | +£41 | Buy £36,878 |
| 2 bed | £214,000 | £913 | +£390 | Buy £23,013 |
| 3 bed | £265,000 | £1,066 | +£542 | Buy £22,281 |
| 4+ bed | £390,000 | £1,453 | +£904 | Buy £14,945 |
Average rent and house prices in Coventry
The ONS average private rent in Coventry is £1,020 a month (Aug 2026, provisional), up 2.4% on a year earlier. The median price paid is £230,000 (ONS median price paid, year ending Mar 2026).
Default scenario: 2-bed home, 7 years stay, 10% deposit, 4.80% fixed mortgage, monthly difference invested in a S&S ISA at 7.5%. Council tax is £2,237 a year (Band C) and is paid whether you rent or buy, so it does not change the verdict.
Renting or buying in Coventry: FAQs
Is it cheaper to rent or buy in Coventry?
For a 2-bed home in Coventry, owning costs about £1,489 a month and renting about £1,099, both including council tax. Buying leaves you £23,013 better off after 7 years. This assumes a 2-bed home, 7 years stay, 10% deposit, 4.80% fixed mortgage, monthly difference invested in a S&S ISA at 7.5%.
What is the average rent in Coventry?
The ONS average private rent in Coventry is £1,020 a month across all home sizes (Aug 2026, provisional), with £759 for 1 bed, £913 for 2 bed, £1,066 for 3 bed, £1,453 for 4 or more bed. Rents rose 2.4% over the past year.
What is the average house price in Coventry?
The median price paid in Coventry is £230,000 (ONS median price paid, year ending Mar 2026). The calculator uses £214,000 for a terraced house, the property type typical for a 2-bed home.
How much is stamp duty on an average home in Coventry?
A first-time buyer paying £214,000 would pay £0 in SDLT. With a 10% deposit of £21,400, the cash needed on day one is about £21,400.
What is the price-to-rent ratio in Coventry?
About 19.5: the 2-bed price is 19.5 times a year of rent. Higher ratios favour renting; lower ratios favour buying.
Which home size is best value to buy in Coventry?
On the default assumptions, a 1-bed home gives buying its strongest position: buying ahead by £36,878 after 7 years.
How many years until buying pays off in Coventry?
The lead first changes hands in year 2 on the default settings. Staying longer spreads stamp duty and selling costs over more years.
Areas with a similar price-to-rent ratio
Browse every local authority.