The Lace Market is the old warehouse quarter on the east side of the city centre, and it is where I send single professionals and couples who want to walk to work and live somewhere with a bit of history. The red brick lace warehouses have been converted into flats, offices and bars, and there are newer blocks around the edges.
Almost everything to rent here is a flat. The conversions have high ceilings and big windows; the newer blocks have better insulation and lifts. Ask which you are looking at.
It is a ten minute walk to the station and the Old Market Square, and the tram stops at the Lace Market for the QMC, the university and Beeston in one direction and the north of the city in the other.
It is lively at weekends, parking is scarce, and there are no gardens. For a first year in Nottingham it is usually the right first stop.
Matthew Duckett · 16 years in property · updated 14 Oct 2026
What it costs to rent in Lace Market
Every bed count on the same scale. The bar is where most homes list, the dot is the typical asking rent, and the dashed line is the council-wide ONS average that covers every tenancy, old and new.
1-bed Live listings · read 14 Oct 2026 in NG1 1
Almost all 1-beds listed here are flats (51 flats, 1 house).
The ONS average for all private rents in Nottingham, 1-bed, is £734 a month (July 2026). New tenants in NG1 1 pay about 13% more.
Live listings, read 14 Oct 2026. ONS Price Index of Private Rents, Nottingham, July 2026.
2-bed Live listings · read 14 Oct 2026 in NG1 1
Almost all 2-beds listed here are flats (40 flats, 2 houses).
The ONS average for all private rents in Nottingham, 2-bed, is £913 a month (July 2026). New tenants in NG1 1 pay about 14% more.
Live listings, read 14 Oct 2026. ONS Price Index of Private Rents, Nottingham, July 2026.
3-bed Live listings · read 14 Oct 2026 across NG1, and around Lace Market (within 676 m)
Almost all 3-beds listed here are flats (20 flats, 3 houses).
The ONS average for all private rents in Nottingham, 3-bed, is £1,049 a month (July 2026). New tenants across NG1 pay about 44% more.
Live listings, read 14 Oct 2026. ONS Price Index of Private Rents, Nottingham, July 2026.
Council tax, Band D
Nottingham council area, 2026-27. Your band depends on the property, so check it for any address.
MHCLG, 2026-27.
Examples, not recommendations
Nearest schools
Primary
- William Booth Primary and Nursery School
- Welbeck Primary School
- Sneinton St Stephen's CofE Primary School
Secondary
- The Nottingham Emmanuel School
- Bluecoat Trent Academy
- Djanogly City Academy
Distances are from our map point for Lace Market, not from any particular home. A nearby school is not the same as an available place.
Contact the council’s admissions team first. No address needed.
Source: Department for Education register (GIAS), read 8 Sep 2026.
Getting into Nottingham station
Driving time calculated for a weekday 8am departure, 14 Oct 2026. Cycling and walking times calculated 14 Oct 2026.
Nearest station or stop: Lace Market (tram), 0.2 km from our map point.
OpenStreetMap, data of 28 Sep 2026.
From Matthew
Nottingham station is a ten minute walk. The Lace Market tram stop is in the middle of the area, with the QMC in fifteen minutes and Beeston in twenty five. By car the ring road is close, and East Midlands Airport is thirty minutes down the A453.
What to check in Lace Market
- Ask whether it is a conversion or a new block and look at the EPC.
- Ask about parking before anything else; most buildings have none.
- Check the service charge and whether bills are included.
- Walk the street at night and on a Saturday.
- Ask which floor it is on and whether there is a lift.
Which part of Lace Market fits your work, budget and schools is what I work out in your Blueprint.
Your Blueprint is drawn up around your job, your budget, your household and your arrival date. Delivered within one working day of us having everything we need.
Some of the areas we know well
Other areas we know in Nottingham
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Not a ranking: which area fits depends on your work, budget and household.
Questions people ask about Lace Market
How much is rent in Lace Market?
Most 2-beds listed in Lace Market are flats, so this is the flat figure. A 2-bed flat in NG1 1 has a typical asking rent of £1,035 a month, from 40 live flat listings read 14 Oct 2026. Most list between £945 and £1,300.
What is council tax in Lace Market?
Band D council tax in the Nottingham council area is £2,755 a year for 2026-27 (MHCLG). Your band depends on the property.
How long does it take to get from Lace Market to Nottingham station?
About 5 minutes by car, calculated for a weekday 8am departure on 14 Oct 2026.
Which council covers Lace Market?
Lace Market (NG1) is in the Nottingham council area.