Average Rent in London
The average rent in London (Q1 2024) is £995 pcm - up 5% year on year from an average of £951 in 2023.
Average room rents Q1 2024 by London region
| London regions | Average monthly room rent Q1 2024 | Average monthly room rent Q1 2023 | Annual change Q1 2024 vs Q1 2023 |
| E | £973 | £925 | 5% |
| EC | £1,244 | £1,199 | 4% |
| N | £958 | £897 | 7% |
| NW | £986 | £965 | 2% |
| SE | £948 | £895 | 6% |
| SW | £1,038 | £995 | 4% |
| W | £1,053 | £1,013 | 4% |
| WC | £1,305 | £1,253 | 4% |
| London | £995 | £951 | 5% |
| UK | £740 | £681 | 9% |
| UK (excl London) | £653 | £598 | 9% |
Top 20 popular London postcodes
| London postcodes | Average monthly room rent Q1 2024 |
| E14 (Canary Wharf / Docklands) | £1,060 |
| E1 (Shoreditch / Whitechapel) | £1,046 |
| NW10 (Willesden) | £928 |
| E3 (Bow) | £999 |
| N1 (Angel / Islington / Canonbury) | £1,178 |
| NW2 (Cricklewood / Dollis Hill) | £904 |
| SW15 (Putney) | £908 |
| SW11 (Battersea) | £1,119 |
| E15 (Stratford / West Ham) | £911 |
| SE16 (Bermondsey / Rotherhithe) | £1,038 |
| SE1 (London Bridge / Borough / Waterloo) | £1,191 |
| E2 (Bethnal Green) | £1,046 |
| W3 (Acton) | £940 |
| SW6 (Fulham) | £1,091 |
| SW16 (Streatham) | £908 |
| SW19 (Wimbledon / Merton / Collier's Wood) | £943 |
| E16 (Canning Town / North Woolwich / Royal Docks) | £1,035 |
| W12 (Shepherds Bush) | £985 |
| E17 (Walthamstow) | £872 |
| NW1 (Camden) | £1,220 |
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Methodology
SpareRoom’s Quarterly Rental Index compares data from Q1 2024 with Q1 2023, based on around 200,000+ UK room ads (inclusive of bills). Sample size is the combined total across both periods. Towns/cities/postcodes with a sample size of under 50 have been excluded from this report. London data covers E, EC, N, NW, SE, SW, W & WC postcodes.