Rental yields›South East›Milton Keynes
Rental yield in Milton Keynes
Milton Keynes ranks 16 of 64 areas in the South East for rental yield, at 4.9% gross.
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 rose 2.6% and average rents rose 3.9%.
Average gross yield
4.9%
#91 of 316 areas
Average price
£330,419
▲ 2.6% past year
Average rent
£1,344/mo
▲ 3.9% past year
Privately rented
20.9%
of 113,103 homes
Average rent by size
1 bedroom
£978/mo
↑ +4.1% / yr
2 bedrooms
£1,217/mo
↑ +4% / yr
3 bedrooms
£1,451/mo
↑ +4.2% / yr
4+ bedrooms
£2,088/mo
↑ +3.4% / yr
Average private rent by number of bedrooms, across new and existing tenancies. ONS Price Index of Private Rents (August 2026).
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.
How it compares
Deprivation (IMD 2025)
166 neighbourhoods
5% of Milton Keynes's neighbourhoods are in England's most deprived 10%. The typical one sits in the less deprived half of the country.
Fifths of England, most to least deprived (MHCLG IMD 2025). It shifts street by street, so check a specific postcode.
Milton Keynes has 2 Article 4 areas restricting HMO conversions in the national planning dataset, where turning a family home into a small house-share needs full planning permission.
Check on the Article 4 map →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 4.9%. Add costs for a net estimate.
Nearby areas
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 4.9% 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 3.9% and average prices rose 2.6% (HM Land Registry and ONS, to August 2026).
Is there rental demand in Milton Keynes?
Rent movement is the best free proxy for tenant demand, and average rents in Milton Keynes rose 3.9% 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 August 2026, average monthly rents in Milton Keynes by property size are £978 for a 1 bedroom property, £1,217 for a 2 bedroom property, £1,451 for a 3 bedroom property, £2,088 for a 4 or more bedroom property (ONS). The all-size average is £1,344 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.
How deprived is Milton Keynes?
On the English Indices of Deprivation 2025, 5% of Milton Keynes's 166 neighbourhoods are in England's most deprived 10%, and 6% are in the least deprived 10%. The typical neighbourhood is in decile 6 of 10, where 1 is most deprived. Deprivation shifts street by street, so check the exact postcode before you offer.
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 4.9%.
Gross yield = annual rent divided by average price. Average price: HM Land Registry UK HPI (July 2026). Average rent: ONS Price Index of Private Rents (August 2026). Deprivation: MHCLG English Indices of Deprivation 2025. Regions: ONS. Local-authority averages across all property types, indicative only. Contains public sector information licensed under the Open Government Licence v3.0. Not investment advice.