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Rents in London this fall 2023

Rents in London currently have an average annual cost of £26,316, which is by far the most expensive rate in the UK.

The average rental prices in London have increased by 14.3% compared to last year’s rental market data alone. The typical London renter spends close to half of their post-tax income on housing.

RentLondonFlat.com have collated great insight into the costs of different types of flats in different areas to give you a starting point to look based on your income.

If you’re looking for a flat that’s close to London but doesn’t have the high cost of living, Bexley and Havering might be perfect. Sutton also has great transport links making it an easy spot in which young professionals can live comfortably while still being near many amenities they’ll need on their job lot.

The highest average rents in London for rooms, studio flats, and one bedroom flats to rent in London can be found much closer to the city centre. Kensington and Chelsea, Camden, Westminster, and the City of London all have high rankings for these average rental prices.

Average rent in London for all boroughs

Barking and Dagenham:      Average rent per month – £1,220

Barnet:      Average rent per month – £1,530

Bexley:      Average rent per month – £1,200

Brent:      Average rent per month – £1,600

Bromley:     Average rent per month – £1,340

Camden:      Average rent per month – £2,620

Croydon:      Average rent per month – £1,280

Ealing:     Average rent per month – £1,580

Enfield:      Average rent per month – £1,340

Greenwich:     Average rent per month – £1,650

Hackney:      Average rent per month – £2,130

Hammersmith and Fulham:     Average rent per month – £2,610

Haringey:     Average rent per month – £1,520

Harrow:      Average rent per month – £1,320

Havering:      Average rent per month – £1,170

Hillingdon:     Average rent per month – £1,210

Hounslow:     Average rent per month – £1,720

Islington:     Average rent per month – £2,050

Kensington and Chelsea:     Average rent per month – £3,960

Kingston upon Thames:     Average rent per month – £1,510

Lambeth:     Average rent per month – £2,030

Lewisham:     Average rent per month – £1,440

Merton:     Average rent per month – £1,590

Newham:     Average rent per month – £1,710

Redbridge:     Average rent per month – £1,280

Richmond upon Thames:      Average rent per month – £1,840

Southwark:     Average rent per month – £2,080

Sutton:     Average rent per month – £1,700

Tower Hamlets:A     verage rent per month – £2,280

Waltham Forest:      Average rent per month – £1,430

Wandsworth:     Average rent per month – £2,360

Westminster:     Average rent per month – £3,870

The average rent of studio & 1 bedroom properties

Highest average rent per month for studio and one-bedroom properties

Kensington and Chelsea      
Studio – £1,427     One bedroom – £2,062

Islington
Studio – £1,383     One bedroom – £1,565

Tower Hamlets
Studio – £1,398     One bedroom – £1,547

Westminster
Studio – £1,371      One bedroom – £2,113

Lambeth
Studio – £1,240     One bedroom – £1,595

Lowest average rent per month for studio and one bedroom properties

Havering
Studio – £669     One bedroom – £891

Croydon
Studio – £762     One bedroom – £964

Sutton
Studio – £776     One bedroom – £923

Barking and Dagenham
Studio – £729     One bedroom – £981

Bexley
Studio – £688     One bedroom – £854

The Average Rent Of 2 and 3 Bedroom Properties

Rental prices for two and three-bedroom properties in London vary depending on the borough. Some of the lowest average rents can be found in Bexley, Havering, and Sutton. East London boroughs such as Barking and Dagenham, Redbridge, and Waltham Forest also have relatively low rents for two and three bedroom properties.

Highest average rent per month for two and three bedroom properties

Westminster
Two bedroom – £2,920     Three bedroom – £4,152

Camden
Two bedroom – £2,254     Three bedroom – £2,880

Kensington and Chelsea
Two bedroom – £3,030T     hree bedroom – £4,938

Islington
Two bedroom – £1,934     Three bedroom – £2,487

Hammersmith and Fulham
Two bedroom – £1,922     Three bedroom – £2,653

Lowest average rent per month for two and three bedroom properties

Bexley
Two bedroom – £1,105     Three bedroom – £1,281

Havering
Two bedroom – £1,120     Three bedroom – £1,384

Redbridge
Two bedroom – £1,293     Three bedroom – £1,589

Sutton
Two bedroom – £1,163     Three bedroom – £1,498

Waltham Forest
Two bedroom – £1,364     Three bedroom – £1,649

The Average rent of 4 or more bedroom properties

Highest average rent per month for four or more bedroom properties

Westminster – £8,505

Camden – £3,983

Kensington and Chelsea – £7,585

Islington – £3,537

Hammersmith and Fulham – £4,780

Lowest average rent per month for four or more bedroom properties

Bexley – £1,724

Barking and Dagenham – £1,655

Havering – £1,714

Sutton – £1,915

Croydon – £1,940

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