Rental yields›Milton Keynes
Rental yield in Milton Keynes
Milton Keynes sits in the upper half for rental yield in England and Wales, a bit above the 4.4% typical figure across all 316 areas.
Over the past year, average prices in Milton Keynes fell 0.1% and average rents rose 3.8%.
Gross yield
5%
Average price
£325,104
↓ -0.1% / yr
Average rent
£1,343/mo
↑ +3.8% / yr
National rank
#81 of 316
Who rents here
Census 2021, 113,103 households
20.9% of homes in Milton Keynes are private rentals.
Average rent by size
1 bedroom
£977/mo
↑ +4.1% / yr
2 bedrooms
£1,216/mo
↑ +3.9% / yr
3 bedrooms
£1,450/mo
↑ +4% / yr
4+ bedrooms
£2,087/mo
↑ +3.2% / yr
Average advertised rent by number of bedrooms. ONS Price Index of Private Rents (2026-07).
Council tax bands (2026-27)
Band A
£1,581
Band B
£1,845
Band C
£2,108
Band D
£2,372
Band E
£2,899
Band F
£3,426
Band G
£3,953
Band H
£4,744
Average annual bill for the area, including police and other precepts (MHCLG and Welsh Government, 2026-27). Community precepts vary, and the band is set by the property, so check the exact band on gov.uk.
Work out the yield on a specific property
Pre-filled with the Milton Keynes average. Change them for a real property.
That is right on the Milton Keynes average of 5%. Add costs for a net estimate.
How it compares
Areas with a similar yield
Common questions
Is Milton Keynes a good place to buy to let?
It is around the middle for rental income, at a 5% average gross yield. Whether it works depends on the specific property, so always run the actual numbers.
Are rents rising in Milton Keynes?
Over the past year, average rents in Milton Keynes rose 3.8% and average prices fell 0.1% (HM Land Registry and ONS, to 2026-07).
Is there rental demand in Milton Keynes?
Rent movement is the best free proxy for tenant demand, and average rents in Milton Keynes rose 3.8% over the past year (ONS), which points to tenants competing for available stock. Still ask local letting agents about typical void periods before committing to a buy-to-let there. For the size of the market: at the 2021 census, 20.9% of Milton Keynes's 113,103 households rented privately (18.1% social rented, 54.8% owner occupied).
What is the average rent for a 1, 2 or 3 bedroom property in Milton Keynes?
As of 2026-07, average monthly rents in Milton Keynes by property size are £977 for a 1 bedroom property, £1,216 for a 2 bedroom property, £1,450 for a 3 bedroom property, £2,087 for a 4 or more bedroom property (ONS). The all-size average is £1,343 a month.
How much is council tax in Milton Keynes?
In 2026-27, the average Band D council tax in Milton Keynes is £2,372 a year including police and other precepts. Bills scale with the property's band: from £1,581 for Band A up to £4,744 for Band H. Community precepts vary within the area, so treat these as area averages and check the exact band and bill with the council.
What is a good rental yield in the UK?
As a rough guide, under 4% is low, 5 to 6% is typical, and above 6.5% is high. Milton Keynes is at 5%.
Gross yield = annual rent divided by average price. Average price: HM Land Registry UK HPI (01/06/2026). Average rent: ONS Price Index of Private Rents (2026-07). Local-authority averages across all property types, indicative only. Contains public sector information licensed under the Open Government Licence v3.0. Not investment advice.