Rent vs buy calculator · England
Rent vs buy in Nottingham: is it cheaper to rent or buy?
Buying leaves you £32,212 better off after 7 years. Owning a 2-bed terraced house costs about £1,288 a month, against £1,118 to rent the same size home.
- After 7 years
- Buy +£32,212
- Difference in net wealth
- Monthly cost to own
- £1,288
- Mortgage £915, of which £276 is capital
- Monthly cost to rent
- £1,118
- Rent £914 plus council tax
- Median price
- £177,500
- terraced house
- Cash needed to buy
- £17,750
- £17,750 deposit + £0 SDLT
- Price-to-rent ratio
- 16.2
- Price divided by a year of rent
Renting vs buying in Nottingham by home size
| Bedrooms | Price | Rent / mo | Owning vs renting / mo | After 7 yrs |
|---|---|---|---|---|
| 1 bed | £138,000 | £735 | +£112 | Buy £27,333 |
| 2 bed | £177,500 | £914 | +£170 | Buy £32,212 |
| 3 bed | £217,000 | £1,052 | +£269 | Buy £32,355 |
| 4+ bed | £300,000 | £1,460 | +£358 | Buy £47,395 |
Average rent and house prices in Nottingham
The ONS average private rent in Nottingham is £1,014 a month (Aug 2026, provisional), up 1.8% on a year earlier. The median price paid is £200,000 (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 £2,449 a year (Band C) and is paid whether you rent or buy, so it does not change the verdict.
Renting or buying in Nottingham: FAQs
Is it cheaper to rent or buy in Nottingham?
For a 2-bed home in Nottingham, owning costs about £1,288 a month and renting about £1,118, both including council tax. Buying leaves you £32,212 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 Nottingham?
The ONS average private rent in Nottingham is £1,014 a month across all home sizes (Aug 2026, provisional), with £735 for 1 bed, £914 for 2 bed, £1,052 for 3 bed, £1,460 for 4 or more bed. Rents rose 1.8% over the past year.
What is the average house price in Nottingham?
The median price paid in Nottingham is £200,000 (ONS median price paid, year ending Mar 2026). The calculator uses £177,500 for a terraced house, the property type typical for a 2-bed home.
How much is stamp duty on an average home in Nottingham?
A first-time buyer paying £177,500 would pay £0 in SDLT. With a 10% deposit of £17,750, the cash needed on day one is about £17,750.
What is the price-to-rent ratio in Nottingham?
About 16.2: the 2-bed price is 16.2 times a year of rent. Higher ratios favour renting; lower ratios favour buying.
Which home size is best value to buy in Nottingham?
On the default assumptions, a 4+-bed home gives buying its strongest position: buying ahead by £47,395 after 7 years.
Areas with a similar price-to-rent ratio
Browse every local authority.