How much is the average rent in London? Before moving into London, we must consider the rental prices to help plan a budget. Choose to rent a luxurious apartment in Kensington and Chelsea or an affordable flat in Bexley. The average London rent varies considerably based on location, accommodation type, room type, room size, and many other factors.
Key Takeaways
- The average rent in London ranges from £1,596 to £2,190 per month.
The average London rent has a slower increase than a year ago, at +4.2% versus +14.8%.
Renting a studio or 1-bedroom flat is cheaper than a multi-bedroom apartment.
The boroughs in inner London, like the City of Westminster and Camden, are more expensive than those in outer London, above versus below £2,000.
Bexley has the cheapest average monthly rent in London at £1,520, while Kensington and Chelsea has the most expensive average rent in central London at £3,459 per month.
- uhomes.com offers the most affordable student accommodation in London. The highest cashback is guaranteed, and the utility bills are included in the rent.
What is the Average Rent in London?
The average rent in London ranges from £1,596 to £2,190 per month, which is the primary part of the cost of living in London. It is much higher than the UK average of £1,220. However, the average London rent has increased by a smaller amount than a year ago, at +4.2% versus +14.8%.
As for the factors influencing the London average rent, we can consider location, property type, room type, room size, and amenities included. For example, the average rent in central London, like in the City of London and West End, is undoubtedly higher than in outer boroughs.
Average Rent in London for Studio and 1-bedroom Flat
Studios and 1-bedroom apartments are popular among students and young professionals. Renting such properties can help strike a balance between affordable prices and enough private space. The next step is to choose a suitable location.
If you are a student on a budget, you can rent student housing through uhomes.com. With the help of uhomes.com, you will enjoy the highest cashback. All utility bills are included in the rent. Plus, if you want to save more, you can rent an apartment further afield, such as in Havering and Bexley. For young professionals, Sutton, a transit-rich area, is a wonderful choice. Living there, it is effortless to travel to basic amenities, social hotspots, and various companies.
Meanwhile, if you want a luxurious flat in the London city centre and better enjoy the vibrant life, you can rent a room in the more expensive areas, such as the City of London, West End, Kensington and Chelsea, and Westminster.
Highest Average Monthly Rent for Studio and 1B Flat
| Borough | Studio | 1-bedroom Flat |
|---|---|---|
| Kensington and Chelsea | £1,100 | £1,920 |
| Islington | £1,612 | £2,700 |
| Tower Hamlets | £1,550 | £1,799 |
| Westminster | £1,217 | £2,700 |
| Lambeth | £1,217 | £1,911 |
Lowest Average Monthly Rent for Studio and 1B Flat
| Borough | Studio | 1-bedroom Flat |
|---|---|---|
| Havering | £669 | £891 |
| Croydon | £762 | £964 |
| Sutton | £776 | £923 |
| Barking and Dagenham | £729 | £981 |
| Bexley | £688 | £854 |
Average London Rent for 2 and 3 Bedroom Apartments
2/3-bedroom apartments are suitable for families and friends. If you need more social interactions and communications, you can rent such room types. As for the choice of living area, the typical rent in London for 2B and 3B is lower in Havering, Redbridge, and Sutton.
Highest Average Monthly Rent for 2B and 3B Flats
| Borough | 2-bedroom Flat | 3-bedroom Flat |
|---|---|---|
| Westminster | £2,700 | £4,480 |
| Camden | £2,254 | £2,880 |
| Kensington and Chelsea | £2,300 | £3,899 |
| Islington | £1,934 | £2,900 |
| Hammersmith and Fulham | £1,922 | £2,166 |
Lowest Average Monthly Rent for 2B and 3B Flats
| Borough | 2-bedroom Flat | 3-bedroom Flat |
|---|---|---|
| Bexley | £1,105 | £1,281 |
| Havering | £1,120 | £1,384 |
| Redbridge | £1,293 | £1,589 |
| Sutton | £1,163 | £1,498 |
| Waltham Forest | £1,364 | £1,649 |
London Median Rent for 4+ Bedroom Properties
The London median rent for 4+ bedroom flats is higher than that for other room types. It’s because the students and house sharers have such a high demand for larger properties. Most of them will choose to rent only 1 room and pay the corresponding rent. By the way, if you want to rent your house to multiple tenants, getting an HMO license from your local authority is necessary.
When it comes to the London rental prices for this kind of room type, Newham and Greenwich are generally lower, while Wandsworth, Lambeth, and Barnet are higher.
Highest Average Monthly Rent for 4B+ Flats
| Borough | 4+ Bedroom Flat |
|---|---|
| Wandsworth | £4,100 |
| Camden | £3,983 |
| Lambeth | £5,600 |
| Islington | £3,537 |
| Hammersmith and Fulham | £4,780 |
Lowest Average Monthly Rent for 4B+ Flats
| Borough | 4+ Bedroom Flat |
|---|---|
| Newham | £1,950 |
| Greenwich | £1,915 |
| Bexley | £1,724 |
| Barking and Dagenham | £1,655 |
| Havering | £1,714 |
London Average Rent for All Boroughs
As mentioned above, London rental prices vary greatly depending on the borough. There are 33 boroughs in London, divided into inner London and outer London. The inner London includes the City of London and 12 boroughs. Here are 2 diagrams depicting the average rent for boroughs in inner and outer London.
| Inner London | Average Monthly Rent |
|---|---|
| Lewisham | £1,741 |
| Greenwich | £1,866 |
| Lambeth | £2,182 |
| Southwark | £2,219 |
| Hackney | £2,332 |
| Tower Hamlets | £2,333 |
| Islington | £2,384 |
| Wandsworth | £2,385 |
| Hammersmith and Fulham | £2,619 |
| City of London | £2,625 |
| Camden | £2,672 |
| City of Westminster | £3,155 |
| Kensington and Chelsea | £3,459 |
| Outer London | Average Monthly Rent |
|---|---|
| Bexley | £1,520 |
| Croydon | £1,541 |
| Sutton | £1,547 |
| Havering | £1,584 |
| Bromley | £1,609 |
| Enfield | £1,649 |
| Hillingdon | £1,656 |
| Barking and Dagenham | £1,657 |
| Redbridge | £1,721 |
| Harrow | £1,775 |
| Waltham Forest | £1,783 |
| Kingston upon Thames | £1,801 |
| Hounslow | £1,845 |
| Barnet | £1,890 |
| Haringey | £1,919 |
| Brent | £1,948 |
| Ealing | £1,957 |
| Merton | £1,979 |
| Newham | £1,984 |
| Richmond upon Thames | £2,098 |
From the 2 charts above, we can see that the average rent for boroughs in inner London (most above £2,000) is relatively higher than that in outer London (most below £2,000). Therefore, in the process of renting housing, we recommend you consider the average rent in London for each borough and make the final decision.
Factors Affecting London Rent Prices
There are multiple factors influencing the average room rent in London.
- Location: The apartments in inner London are more expensive than that in outer London. Among them, the accommodations in the city centre are the most expensive, such as the City of London at around £2,625 per month and the City of Westminster at around £3,155 per month. In addition, the flats in the vicinity of cultural and historic attractions and famous universities also cost more.
- Property Type: The UK student accommodations on uhomes.com are much more affordable than the common apartments on other websites. Plus, you don’t need to pay utility bills with student housing.
- Room Type: You will pay less for a studio or 1-bedroom apartment, unlike the multi-bedroom flat.
- Size & Amenities: The more spacious rooms or those with higher-quality facilities tend to have higher prices.
Comparing Average Rent in London to Other Major Cities
When deciding which city to move to, it would be wise to compare the average rent in different cities of different countries.
| City | City Centre | Outside of Centre |
|---|---|---|
| London | £2,190 | £1,596 |
| New York City | £3,166 | £2,259 |
| Milan | £1,140 | £792 |
| Paris | £1,092 | £808 |
| Sydney | £1,677 | £1,140 |
| Hong Kong | £1,718 | £1,239 |
As shown in the chart, the average rent prices in New York City are the highest, followed by London. Milan and Paris, on the contrary, are relatively more affordable. However, the potential salaries, life experiences, and career prospects of these 2 cities are also the best. Strike a balance and make the final serious decision!
What’s Next for the Average London Rent in 2025?
Due to the cost of living crisis and economic pressure, we expect that the average apartment rent in London will have a slower increase in 2025. Meanwhile, more and more tenants will choose to rent accommodation in outer London and nearby towns at cheaper prices. Below are some of the most affordable flats in London. If you want to move to this cosmopolitan city, these properties are appropriate.
- Stratford One: Stratford One is a London student accommodation located at 1 International Way, London, England E20 1GS. The flat offers studios and en-suites to residents. Its rent starts from £295/week, and you can enjoy a cashback of up to £420 and a 20% discount.
- Emily Bowes Court: Emily Bowes Court is a student accommodation in London that offers studios and en-suites. It is situated at 6 Lebus Street, London, England N17 9FD. You can rent it for £270/week and enjoy the same offer just as Stratford One.
- Ark Wembley: Ark Wembley is an apartment in London that provides various studios. The accommodation is located at 30 First Way, London, England HA9 0PE. As a particularly cost-effective apartment, the cheapest room is only £1,499/month. What’s more, you don’t need to pay the utility bills renting this house.
Conclusion about the Average Rent in London
After browsing the article, we believe that you have learned more about the average rent in London, like the different prices of different boroughs and room types. Meanwhile, through a comparison of London and other cities, we can see that the average cost of rent in London is relatively high. If you want cheaper housing, welcome to visit uhomes.com, which provides many cheap flats without sacrificing your life experiences in London. Contact us today to explore the best accommodation in London.
FAQs about the Average London Rent
How much is rent in London England?
The average rent in London for 1 bed flat is about £1,596—£2,190 per month, according to NUMBEO. The specific London rent prices vary greatly depending on location, property type, room type, room size, and amenities included.
What is the cheapest area of London to rent?
Bexley has the cheapest average rent in London 2024, about £1,520 per month. Although it is in outer London, it is just a short ride to the city centre with well-connected transportation system.
Can you rent in London on 25k?
You can rent well-equipped accommodation in inner London at £25k per year, like the flats in Lewisham and Greenwich. However, if you don’t persist in the location of inner London, you can rent a cheaper room in a relatively further area and save tons of money.
