marketcodeAsking rent
£1,312 a month 12 months to Jul 2026
392 lets
Postcode district
LU3 rental market
Asking rent £1,312 a month · Gross yield 4.6% · 12 months, listings to Aug 2026
What is LU3?
- Buildings
- 19,945
- Mixed-use buildings
- 95%
- HMO-shaped units
- 39%
What does LU3 earn?
LU3: asking rent £1,312 a month (12 months to Jul 2026, 392 lets).
Gross yield, asking basis
4.6% 12 months to Aug 2026
625 lets
-5.3% on the previous 12 months.
Sample is the dated lettings behind the latest month's rent cell.
Homes to rent
190 on 20 Sep 2026
How does LU3 vary by home size?
Asking rent in LU3 runs from £927 a month for 1 bedroom to £1,935 a month for 4 bedrooms.
| Homes | Asking rent | Window | Change | Listings |
|---|---|---|---|---|
| 1 bedroom | £927 a month | 12 months to Aug 2026 | +3.6% on the previous 12 months | 186 |
| 2 bedrooms | £1,261 a month | 12 months to Aug 2026 | -1% on the previous 12 months | 185 |
| 3 bedrooms | £1,604 a month | 12 months to Aug 2026 | +1.2% on the previous 12 months | 187 |
| 4 bedrooms | £1,935 a month | 12 months to Aug 2026 | — | 33 |
| 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 LU3?
Corporate landlords hold 76% of the 988 units in LU3 whose freeholder is classified; 96% of all units are not yet classified.
- Corporate landlords76% of classified · 755 units
- Individuals (not traceable in bulk)12% of classified · 114 units
- Housing associations11% of classified · 109 units
- RMC1.0% of classified · 10 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 LU3 rank?
LU3 ranks 1st of 3 postcode districts in Luton for asking rent, at £1,312 a month.
Asking rent · postcode districts in Luton
LU3 ranks 1st of 3 postcode districts in Luton for asking rent, at £1,312 a month.
Gross yield, asking basis · postcode districts in Luton
LU3 ranks 2nd of 3 postcode districts in Luton for gross yield, asking basis, at 4.6%.
Where next from LU3?
- LutonThe wider market this area sits in.
- LU1Neighbouring postcode district · £3,998/m²
- LU2Neighbouring postcode district · £4,608/m²
- LU4Next door, in another authority · £4,244/m²
- LU5Next door, in another authority · £3,801/m²
- MK45Next door, in another authority · £4,461/m²
- SG5Next door, in another authority · £5,111/m²
- Homes for sale in LU3Live sale listings, the same place and cohort.
- Homes to rent in LU3Live lettings, the same place.
- Completed sales in LU3Registered completions, newest first.
- Planning applications in LU3Applications and decisions on record.
- Buildings in LU3Every building with its units, parcel and freeholder.
- Land in LU3Parcels, titles and adjacent ownership.
- Properties in LU3Every addressable home with its floor area, tenure and last sale.
- Estate agents in LU3Who actually lists here, ranked by volume over 12 months.
Questions about LU3
- What is the average rent in LU3?
- Homes to let in LU3 asked a median £1,312 a month over the 12 months to Jul 2026, 392 lets. Asking rent, not the rent agreed.
- What is the gross rental yield in LU3?
- 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, 625 lets. -5.3% 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 | 392 lets |
| Gross yield, asking basis | MarketCode market evidence | 12 months to Aug 2026 | Aug 2026 | 625 lets |
| Homes to rent | portal listings; observed forwards from 5 Sep 2026 | on 20 Sep 2026 | 20 Sep 2026 | — |