Manchester Property Market Update: Spring 2025

Manchester's rental market has entered 2025 with extraordinary momentum. Average rents across the city now sit at £1,340 per month for a two-bedroom property — a 6% increase on the same period last year, and the steepest annual rise since 2022.

The mismatch between supply and demand remains the core driver. New rental listings coming to market fell by 12% in Q1 2025 compared to Q1 2024, while enquiries from prospective tenants rose by 9% over the same period. For landlords with well-maintained properties in popular neighbourhoods such as Hulme, Chorlton and Didsbury, this translates directly into shorter void periods and, in many cases, multiple competing applications.

For tenants, the picture is more challenging. Acting quickly and having finances in order — proof of income, references, and a deposit ready — has become essential. We are advising all prospective tenants to register with us early so we can match them to suitable properties before they reach open listing.

Looking ahead to summer, we expect conditions to remain tight. A modest increase in new-build completions south of the city centre may offer some relief later in the year, but the fundamental undersupply is unlikely to resolve in the short term. If you are a landlord considering bringing a property to market, now is an excellent time to speak to our lettings team.