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Why older renters are increasingly central to the private rental sector

The private rented sector (PRS) is seeing a quiet shift. While younger tenants still dominate, the number of older renters is steadily increasing, and landlords need to be prepared.

Recent figures from the National Housing Federation show that households headed by someone aged 55 or over now make up nearly 867,000 private renters in England. That’s a 70% rise in just 10 years. Though the sector is still mostly made up of people aged 25-44, this older group is becoming a more important part of the market.

This shift brings both opportunities and responsibilities. Older tenants often want longer-term tenancies and are less likely to move frequently. That can mean fewer voids and more reliable rental income for landlords. However, it also means thinking ahead about the kinds of properties and support this group may need.

What landlords need to consider

1. Affordability matters

Many older renters live on fixed incomes typically pensions or savings. According to recent research, 42% of private renters aged 55+ regularly struggle to afford essentials like heating and food. That makes them especially vulnerable to sharp rent increases. Steady, reasonable rent rises linked to inflation are easier for these tenants to manage and reduce the risk of arrears.

2. Property condition and accessibility

Older renters are more likely to need features such as grab rails, step-free access, or better lighting. A decent standard of repair is also key: nearly 1 in 4 renters aged 65+ live in non-decent housing, according to the English Housing Survey. Investing in maintenance and minor adaptations can make your property more appealing and legally compliant.

3. Legal responsibilities

Under the Equality Act 2010, landlords must make “reasonable adjustments” for disabled tenants and that includes many older renters. Refusing simple modifications (like a handrail) could lead to legal issues or disputes.

Sean Hooker head of redress at the Property Redress (inset) said: “The data shows how diverse the private rented sector has become, with all generations represented in the market. Older renters are more likely to be longer term, and want personalised and specialised properties, however a significant number experience deprivation as retirement incomes lag behind housing costs and are vulnerable to fuel poverty and accessibility problems as they get older.

Whilst many hope the Renters’ Rights Bill will provide them with greater security of tenure, there remains concerns that the challenges of properties remaining affordable, being able to be adapted to changing needs and being suitably for mobility and health needs.

On the other hand, renting can provide the older renter with a higher disposable income, flexibility and a higher degree of maintenance support and security.”

Bottom line

The rise in older renters isn’t a short-term trend - it’s a structural change. Landlords who respond now by offering suitable, well-maintained homes and fair tenancy terms are likely to benefit from stable, long-term lets.

Whether you're reviewing your portfolio or planning a new purchase, consider how your property will meet the needs of this growing tenant group. The market is changing and smart landlords will adapt with it.

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