AVERAGE RENTS

London

The average rental value for new tenancies in London is £2,103 a month. Rents in London have increased by +1.3% compared to last year.

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£2,103 -1.7%

Average London rent

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+1.3%

Change annual

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-1.7%

Change monthly

Average rents London index for the last 12 months

The graph below shows the average rental value in London against the UK average. Below the graph, you can select the time period you want to be displayed and compare the historical average rental value in London against any other region in the UK.

Click on region names to switch them on and off

Average rental value for new tenancies in London

The graph below shows the average rental value in London against the UK average. Below the graph, you can select the time period you want to be displayed and compare the historical average rental value in London against any other region in the UK.

FIVE-YEAR SNAPSHOT

Greatest change over five years

 

Average Rent

2019 [May]

Average Rent

2024 [May]
  •  Under £1,000
  •  £1,000 to £1,250
  •  £1,250 to £1,500
  •  £1,500 to £1,750
  •  Over £1,750

Regional Average

Delving deeper into the data we are able to provide tenant demographic and market profiling at a local level.

Key:

Shows regional average

Shows UK average

Average Tenant
Gross Income*

£80,000

£35,000

Predominant
Age Group

45–50

25–30

Average % Tenant
Income spent on Rent

38.80%

32.30%

Predominant
Rental Band

£1,500–£2,000

£1,000–£1,200