Rent in Ashfield has risen five per cent in the past year
Rents in Ashfield have risen five per cent over the past year, new figures show.
Propertymark, a membership organisation for estate agents, warned "there remains an unhealthy imbalance" between rental supply and demand.
Provisional figures from the Office for National Statistics show the average private rent in Ashfield reached £768 per month in the year to November – up five per cent from £731 a year prior.
It was also up 41 per cent from an estimated £545 a month five years ago.
Valuation Office Agency rent officers collect prices from a variety of sources, including landlords and letting agents, with the aim to collect data on approximately 10 per cent of the market.
Across the East Midlands, the average rent was £901 – rising six per cent from the year before.
West Northamptonshire had the highest rental cost in the region at £1,061 per month, while the lowest was in East Lindsey in Lincolnshire at £662.
In November, the average private rent in Great Britain was £1,377 per month.
This was £57, or four per cent, higher than 12 months ago.
Nathan Emerson, chief executive of Propertymark, said: "Though it might be disappointing for many to see that rents on average have increased overall, it is encouraging to see that through 2025, we have witnessed rental inflation trending downwards.
"There remains an unhealthy imbalance between rental supply and demand, however, which continues to contribute to rental prices edging upwards.
"It has been positive to see attention focused on ensuring higher standards and greater consumer protection for those who choose to rent during the year.
"However, it also remains fundamentally important that investment is encouraged to keep pace with ever-growing demand, as the population continues to expand."
The figures also show the different costs for various homes in Ashfield, from £540 for a one-bed property to £1,161 for a home with four or more bedrooms in November.
Figures for different properties show a detached house cost £948 to rent per month, a semi-detached cost £736 per month, a terraced house was £700 per month and a flat or maisonette was £557 a month.