marketcodeAsking rent
£1,289 a month 12 months to Jul 2026
806 lets
Postcode district
LU2 rental market
Asking rent £1,289 a month · Gross yield 4.6% · 12 months, listings to Aug 2026
What does LU2 earn?
LU2: asking rent £1,289 a month (12 months to Jul 2026, 806 lets).
Gross yield, asking basis
4.6% 12 months to Aug 2026
1,481 lets
+1% on the previous 12 months.
Sample is the dated lettings behind the latest month's rent cell.
Homes to rent
504 on 19 Sep 2026
How does LU2 vary by home size?
Asking rent in LU2 runs from £992 a month for 1 bedroom to £2,046 a month for 5+ bedrooms.
| Homes | Asking rent | Window | Change | Listings |
|---|---|---|---|---|
| 1 bedroom | £992 a month | 12 months to Aug 2026 | +2.2% on the previous 12 months | 505 |
| 2 bedrooms | £1,306 a month | 12 months to Aug 2026 | -0.5% on the previous 12 months | 448 |
| 3 bedrooms | £1,567 a month | 12 months to Aug 2026 | -1.3% on the previous 12 months | 269 |
| 4 bedrooms | £1,930 a month | 12 months to Aug 2026 | — | 101 |
| 5+ bedrooms | £2,046 a month | 12 months to Jul 2026 | — | 44 |
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 LU2?
Corporate landlords hold 81% of the 1,158 units in LU2 whose freeholder is classified; 96% of all units are not yet classified.
- Corporate landlords81% of classified · 935 units
- Individuals (not traceable in bulk)11% of classified · 128 units
- Housing associations7.3% of classified · 84 units
- RMC0.9% of classified · 11 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 LU2 rank?
LU2 ranks 2nd of 3 postcode districts in Luton for asking rent, at £1,289 a month.
Asking rent · postcode districts in Luton
LU2 ranks 2nd of 3 postcode districts in Luton for asking rent, at £1,289 a month.
Gross yield, asking basis · postcode districts in Luton
LU2 ranks 3rd of 3 postcode districts in Luton for gross yield, asking basis, at 4.6%.
Where next from LU2?
- LutonThe wider market this area sits in.
- LU1Neighbouring postcode district · £3,998/m²
- LU3Neighbouring postcode district · £4,118/m²
- AL5Next door, in another authority · £10,637/m²
- MK45Next door, in another authority · £4,461/m²
- SG4Next door, in another authority · £5,154/m²
- SG5Next door, in another authority · £5,111/m²
- LU4Next door, in another authority · £4,244/m²
- LU5Next door, in another authority · £3,801/m²
- Homes for sale in LU2Live sale listings, the same place and cohort.
- Homes to rent in LU2Live lettings, the same place.
- Completed sales in LU2Registered completions, newest first.
- Planning applications in LU2Applications and decisions on record.
- Buildings in LU2Every building with its units, parcel and freeholder.
- Land in LU2Parcels, titles and adjacent ownership.
- Properties in LU2Every addressable home with its floor area, tenure and last sale.
- Estate agents in LU2Who actually lists here, ranked by volume over 12 months.
Questions about LU2
- What is the average rent in LU2?
- Homes to let in LU2 asked a median £1,289 a month over the 12 months to Jul 2026, 806 lets. Asking rent, not the rent agreed.
- What is the gross rental yield in LU2?
- 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, 1,481 lets. +1% 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 | 806 lets |
| Gross yield, asking basis | MarketCode market evidence | 12 months to Aug 2026 | Aug 2026 | 1,481 lets |
| Homes to rent | portal listings; observed forwards from 5 Sep 2026 | on 19 Sep 2026 | 19 Sep 2026 | — |