Rent on the Isle of Wight has risen by more than 20 per cent in the past five years, new figures show.

Provisional figures from the Office for National Statistics show the average private rent on the Isle of Wight reached £836 per month in the year to September – up six per cent from £786 a year prior.

It was also up 24 per cent from an estimated £675 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 ten per cent of the market.

Across the Southeast, the average rent was £1,325 – rising eight per cent from the year before.

The Isle of Wight had the lowest rental cost in the region, while the highest was in Elmbridge at £1,835.

In September, the average private rent in Great Britain was £1,295 per month. This was £101, or eight per cent, higher than 12 months ago.

The figures also show the different costs for various homes on the Isle of Wight in September, from £578 for a one-bed property to £1,347 for a home with four or more bedrooms.

Among the property types in the area:

  • A detached housed cost £1,127 to rent per month.
  • A semi-detached cost £925 per month.
  • A terraced house was £867 per month.
  • And a flat or maisonette was £672 a month.