It's pretty much the same as private market rent now. Here a two bed council flat is £100pw. When we first moved in in 2004 it was £260 a month. The cost has risen disproportionately and services (upkeep, modernization etc) is now virtually non existent due to cuts.
It would cost £17k to buy it though because we've been here for so long. Personally we wouldn't (lefty principles, don't agree with RTB). But for others it's something worth bearing in mind.