The cost of renting dropped rapidly in the North East as well as Yorkshire & the Humberside, with short-term falls in demand pushing prices down.
In the North East rents fell by 22% between November and December, to average at £993, analysis from ARLA Propertymark shows.
Similarly in Yorkshire & the Humberside they dropped by 12.3% month-on-month, to £1,031.
Megan Eighteen, president of ARLA Propertymark (Association of Residential Letting Agents), said: “While the private rented sector remains under long-term pressure, recent data shows that some areas have experienced notably sharp falls in rent levels over a very short period.
“These month-on-month declines suggest a cooling in parts of the market as seasonal demand eases and renters become more price-sensitive.
“However, this should not be mistaken for a broader reset in affordability. Even where rents have dipped, the overall cost of renting remains high relative to incomes, and supply shortages continue to limit choice for tenants.
“Without meaningful increases in the number of homes available to rent, any short-term softening is likely to be uneven and temporary, rather than a sign of lasting improvement for renters.”
Other areas were more resilient, with regions such as London, Scotland, and parts of the East of England showing steadier conditions and less short-term volatility.