market rent

British

noun

(in Britain) the rent chargeable for accommodation, allowing for the scarcity of that kind of property and the willingness of tenants to pay

"Collins English Dictionary — Complete & Unabridged" 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012

Example Sentences

Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.

Recent figures showed the average local market rent was £2,068 a month in the first quarter of 2025 - 1.5% higher than the previous quarter, 8.2% higher than the first quarter of 2024 and 51.7% higher than five years ago.

From BBC

"Those owning outright and those whose rents are fully met by income support are in better position than those who have bought recently or who are paying a market rent," the report stated.

From BBC

For new listings, on average landlords and rental agents are charging renters 315% of the Fair Market Rent, which is nearly double the legal limit.

From Salon

Fair market rent for a one-bedroom apartment was $490 in 1985, when the city adopted the current formula.

From Los Angeles Times

That’s still lower than current market rent of about $2,000 a month.

From Los Angeles Times

Definitions and idiom definitions from Dictionary.com Unabridged, based on the Random House Unabridged Dictionary, © Random House, Inc. 2023