Cost of living · South East

House prices and rent in Milton Keynes

The published house price and private rent figures for Milton Keynes, shown with the month they refer to and the body that published them. We have not estimated anything.

House prices cover May 2026 for the local authority area Milton Keynes. Rent covers August 2026 for Milton Keynes.

This covers more than the city itself. The figures below are published for the whole Milton Keynes local authority area, which is larger than Milton Keynes. Prices inside the city can sit well either side of this average. We show the area name rather than quietly relabelling the number as a city figure.

The figures

Every value below was published by an official body. We have not estimated, adjusted or filled in any of them.

Average house price£324,767May 2026 · HM Land Registry

What the average home in Milton Keynes sold for.

Average monthly private rent£1,344August 2026 · Office for National Statistics

The average monthly private rent ONS publishes for Milton Keynes.

Change over the year-0.7%May 2026 · HM Land Registry

How that average has moved over the previous twelve months.

Change over the month+1.8%May 2026 · HM Land Registry

Month-to-month movement, which is noisy in smaller areas.

How that compares

  • Against the wider region: About 15% below the South East average of £381,311.
  • Against the UK as a whole: About 20% above the UK average of £271,295.
  • Rent against the wider region: About 6% below the South East average rent of £1,426.

Each comparison is our own arithmetic on two published figures from the same release and the same month — not a separately published statistic.

A single monthly house price figure for one local authority moves around more than a regional or national one, because far fewer homes are sold into it. A large jump or fall in one month is more often a change in which properties happened to sell than a change in what any given home is worth.

For the regional figures and national context, see cost of living in South East.

Every figure, with its source

FigureValuePeriodSource
Average house price£324,767May 2026UK House Price Index — full file (2026-05)
House price — change on the month+1.8%May 2026UK House Price Index — full file (2026-05)
House price — change on the year-0.7%May 2026UK House Price Index — full file (2026-05)
Average monthly private rent£1,344August 2026Price Index of Private Rents, UK: monthly price statistics
Rent — 1 bedroom£978August 2026Price Index of Private Rents, UK: monthly price statistics
Rent — 2 bedrooms£1,217August 2026Price Index of Private Rents, UK: monthly price statistics
Rent — 3 bedrooms£1,451August 2026Price Index of Private Rents, UK: monthly price statistics
Rent — 4 or more bedrooms£2,088August 2026Price Index of Private Rents, UK: monthly price statistics

National context

Average UK house price (United Kingdom)£271,295May 2026 · HM Land Registry

What the average home sold for across the whole UK.

Average monthly private rent, England (England)£1,459August 2026 · Office for National Statistics

The typical monthly rent on a private tenancy in England.

Average band D council tax, England (England (2026-27 financial year))£2,3922026-27 financial year · Ministry of Housing

The average band D bill councils in England have set for the year. Your own bill depends on your band and your council.

Includes adult social care and parish precepts. Published per billing authority and by class of authority, not by region.

Sources

Reproduced as published, each figure labelled with the period it covers. Contains public sector information licensed under the Open Government Licence v3.0.

Important — this is general information, not financial advice. Figures and examples are illustrative and may go out of date. This is not a personal recommendation. For advice tailored to your situation, speak to an FCA-authorised adviser.