South East
Average rent in Milton Keynes (2026)
The average 1-bed rent in Milton Keynes is £990 a month, and a 2-bed is £1,235.
That is 11% below the UK average 1-bed rent of £1,115 and makes Milton Keynes the 25th most expensive of the 109 cities and towns we track.
- 1-bed average
- £990
- Per week
- £228
- UK rank
- 25th of 109
- Take-home needed (30%)
- £3,300
Rent in Milton Keynes by bedrooms
| Property | Per month | Per week |
|---|---|---|
| 1 bedroom | £990 | £228 |
| 2 bedrooms | £1,235 | £285 |
| 3 bedrooms | £1,425 | £329 |
Indicative 2026/27 averages. Rents vary by neighbourhood, property condition and EPC rating. Use the rental value calculator to estimate a specific property.
What salary do you need to rent in Milton Keynes?
Monthly take-home pay you need so that the average rent stays within each share of your income. The usual guideline is no more than 30%.
| Property | Comfortable (28%) | Guideline (30%) | Stretch (35%) | Minimum (40%) |
|---|---|---|---|---|
| 1-bed (£990) | £3,536 | £3,300 | £2,829 | £2,475 |
| 2-bed (£1,235) | £4,411 | £4,117 | £3,529 | £3,088 |
Many letting agents also ask for a gross annual income of around 30 times the monthly rent, which for a 1-bed here is about £29,700 a year. This is an agent referencing rule, separate from your own budget. Not sure what your take-home is? Work it out here.
Milton Keynes compared with the rest of South East
Across the 18 places we track in South East, 1-bed rents run from £900 in Portsmouth to £1,440 in Oxford. The middle value is £1,080, and Milton Keynes is 13th most expensive in the region.
| Place | 1-bed | 2-bed |
|---|---|---|
| Oxford | £1,440 | £1,785 |
| Brighton | £1,305 | £1,660 |
| Guildford | £1,305 | £1,660 |
| St Albans | £1,260 | £1,615 |
| Winchester | £1,170 | £1,490 |
| Reading | £1,125 | £1,405 |
| Watford | £1,125 | £1,405 |
| Hemel Hempstead | £1,080 | £1,360 |
| High Wycombe | £1,080 | £1,360 |
| Slough | £1,080 | £1,360 |
| Milton Keynes (this page) | £990 | £1,235 |
| Canterbury | £990 | £1,235 |
Places with similar rents
If you are weighing up where to live, these places have a 1-bed rent closest to Milton Keynes. The cheapest place we track is Hartlepool at £540.
- Canterbury£990
- Chelmsford£990
- Cheltenham£990
- Crawley£990
- Salisbury£990
- Basingstoke£945
Renting in Milton Keynes: common questions
What is the average rent in Milton Keynes?
In 2026/27 the indicative average rent in Milton Keynes is £990 a month for a 1-bedroom property and £1,235 a month for a 2-bedroom property, and £1,425 for a 3-bedroom property. That makes Milton Keynes the 25th most expensive of the 109 UK cities and towns we track.
How much do I need to earn to rent a 1-bed in Milton Keynes?
To keep a £990 rent at the 30% guideline you need monthly take-home pay of about £3,300. For a more comfortable 28% share it is £3,536, and the absolute minimum at 40% is £2,475.
Is Milton Keynes cheaper than London?
Yes. A 1-bed in Milton Keynes averages £990 a month against £1,890 in London, a difference of £900 a month.
How much is weekly rent in Milton Keynes?
A 1-bed at £990 a month works out at roughly £228 a week, or £11,880 a year. A 2-bed at £1,235 a month is roughly £285 a week.
How does Milton Keynes compare with the rest of South East?
Across the 18 places we track in South East, 1-bed rents range from £900 in Portsmouth to £1,440 in Oxford, with a middle value of £1,080. Milton Keynes is 13th most expensive in the region.
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Figures are indicative averages for 2026/27, rounded for planning, and are for information only. They are not financial, legal or housing advice. See our methodology for how the figures are produced. Last reviewed October 2026.