marketcodeAsking rent
£1,076 a month 12 months to Jul 2026
744 lets
Postcode district
LU1 rental market
Asking rent £1,076 a month · Gross yield 4.6% · 12 months, listings to Aug 2026
What is LU1?
- Buildings
- 13,144
- Mixed-use buildings
- 2.8%
- HMO-shaped units
- 2.2%
What does LU1 earn?
LU1: asking rent £1,076 a month (12 months to Jul 2026, 744 lets).
Gross yield, asking basis
4.6% 12 months to Aug 2026
1,738 lets
+0.8% on the previous 12 months.
Sample is the dated lettings behind the latest month's rent cell.
Homes to rent
501 on 20 Sep 2026
How does LU1 vary by home size?
Asking rent in LU1 runs from £934 a month for 1 bedroom to £1,974 a month for 4 bedrooms.
| Homes | Asking rent | Window | Change | Listings |
|---|---|---|---|---|
| 1 bedroom | £934 a month | 12 months to Aug 2026 | -0.8% on the previous 12 months | 758 |
| 2 bedrooms | £1,280 a month | 12 months to Aug 2026 | -0.7% on the previous 12 months | 440 |
| 3 bedrooms | £1,554 a month | 12 months to Aug 2026 | -0.6% on the previous 12 months | 151 |
| 4 bedrooms | £1,974 a month | 12 months to Aug 2026 | — | 47 |
| 5+ bedrooms | Not published | — | — | — |
Asking rent per calendar month by bedroom band: the monthly medians of lettings that came to market, weighted by their dated listings, over the last 12 observed months, from portal listings. A band with fewer than 30 dated listings in the year is not published.
Who owns LU1?
Corporate landlords hold 84% of the 1,368 units in LU1 whose freeholder is classified; 95% of all units are not yet classified.
- Corporate landlords84% of classified · 1,147 units
- Individuals (not traceable in bulk)10% of classified · 140 units
- Housing associations4.3% of classified · 59 units
- RMC1.6% of classified · 22 units
Freeholder class per addressable unit, from HM Land Registry CCOD/OCOD matched to the title and Companies House. Individuals are counted, never itemised.
Where does LU1 rank?
LU1 ranks 3rd of 3 postcode districts in Luton for asking rent, at £1,076 a month.
Asking rent · postcode districts in Luton
LU1 ranks 3rd of 3 postcode districts in Luton for asking rent, at £1,076 a month.
Gross yield, asking basis · postcode districts in Luton
LU1 ranks 1st of 3 postcode districts in Luton for gross yield, asking basis, at 4.6%.
Where next from LU1?
- LutonThe wider market this area sits in.
- LU2Neighbouring postcode district · £4,608/m²
- LU3Neighbouring postcode district · £4,118/m²
- AL3Next door, in another authority · £7,467/m²
- AL5Next door, in another authority · £10,637/m²
- LU4Next door, in another authority · £4,244/m²
- LU5Next door, in another authority · £3,801/m²
- LU6Next door, in another authority · £4,886/m²
- Homes for sale in LU1Live sale listings, the same place and cohort.
- Homes to rent in LU1Live lettings, the same place.
- Completed sales in LU1Registered completions, newest first.
- Planning applications in LU1Applications and decisions on record.
- Buildings in LU1Every building with its units, parcel and freeholder.
- Land in LU1Parcels, titles and adjacent ownership.
- Properties in LU1Every addressable home with its floor area, tenure and last sale.
- Estate agents in LU1Who actually lists here, ranked by volume over 12 months.
Questions about LU1
- What is the average rent in LU1?
- Homes to let in LU1 asked a median £1,076 a month over the 12 months to Jul 2026, 744 lets. Asking rent, not the rent agreed.
- What is the gross rental yield in LU1?
- 4.6% on the asking basis: the asking rent times twelve over the asking sale price in the same listing cell, before costs, voids and finance, over the 12 months to Aug 2026, 1,738 lets. +0.8% on the previous 12 months.
Where these figures come from
| Figure | Dataset | Window | Last month | Sample |
|---|---|---|---|---|
| Asking rent | MarketCode market evidence | 12 months to Jul 2026 | Jul 2026 | 744 lets |
| Gross yield, asking basis | MarketCode market evidence | 12 months to Aug 2026 | Aug 2026 | 1,738 lets |
| Homes to rent | portal listings; observed forwards from 5 Sep 2026 | on 20 Sep 2026 | 20 Sep 2026 | — |