Statistics About The Average Rent London

In this post, we delve into the diverse landscape of rental prices in London with a range of statistical insights. From the high rents of Central London to the more affordable options in areas like Bexley, we explore the various averages, trends, and costs that shape the housing market in the UK capital.

Statistic 1

"In 2020, the average monthly rent in London was £1,425, more than double the UK average of £700."

Statistic 2

"Average rent for a 2-bedroom apartment in London is £2,216."

Statistic 3

"The average rent in Central London for newly let properties was £2,482 per month in January 2021."

Statistic 4

"Between 2019 and 2020, the average monthly rental price in London decreased by 3.2%."

Statistic 5

"In contrast, the cheapest area to rent in London is Bexley, where average rent is £1,007 per month."

Statistic 6

"Average rent for students in London is £126 per week."

Statistic 7

"In 2021, the average cost of a furnished one-bedroom apartment in London is £1,598 per month."

Statistic 8

"Rental prices in Greater London increased by 10.2% in the decade from 2011 to 2021."

Statistic 9

"In London, the average rent for a room in a shared apartment or house is around £700 per month."

Statistic 10

"In February 2021, the average London rental yield was 4.5%"

Statistic 11

"One study suggests that Londoners spend an average of 61% of their income on rent."

Statistic 12

"As of 2022, the average rent for a 3-bedroom apartment in London is £3,142 per month."

Statistic 13

"Consolidated London rents declined 0.9% quarter-on-quarter in Q2, 2021."

Statistic 14

"Westminster has the second-highest rental cost in London, with an average of £2,860 per month."

Statistic 15

"In Q1 2021 Tower Hamlets had the lowest average rent in London at £1,150."

Statistic 16

"In London, the average weekly student rent for private sector accommodation was £287 in 2021/22."

The data on London rental prices reveal a complex and dynamic market, with significant variations across different areas and types of properties. Despite a slight decrease in average rental prices in 2020, the overall trend in Greater London has been an increase over the past decade. Central London remains the most expensive location, with newly let properties commanding high prices. Conversely, areas like Bexley offer more affordable options. These statistics underscore the challenges faced by Londoners, with a significant portion of income dedicated to rent. The rental market in London continues to evolve, influenced by various factors such as economic conditions and housing demand.