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Average Rent in London

 

The average rent in London (Q3 2023) is £989 pcm - up 16% year on year from an average of £855 in 2022.

Average room rents Q3 2023 by London region

London regionsAverage monthly room rent Q3 2023Average monthly room rent Q3 2022Annual change Q3 2023 vs Q3 2022
E£955£82516%
EC£1,200£1,05114%
N£936£80317%
NW£1,005£87016%
SE£935£80616%
SW£1,044£90515%
W£1,051£91814%
WC£1,349£1,16516%
London£989£85516%
UK£721£62416%
UK (excl London)£630£55414%

Top 20 popular London postcodes

London postcodesAverage monthly room rent Q3 2023
E1 (Shoreditch / Whitechapel)£1,033
E14 (Canary Wharf / Docklands)£1,060
N1 (Angel / Islington / Canonbury)£1,150
SE1 (London Bridge / Borough / Waterloo)£1,158
NW1 (Camden)£1,229
E3 (Bow)£957
NW2 (Cricklewood / Dollis Hill)£889
SW11 (Battersea)£1,169
NW10 (Willesden)£951
SW15 (Putney)£892
SE16 (Bermondsey / Rotherhithe)£1003
E2 (Bethnal Green)£1,005
E15 (Stratford / West Ham)£896
SW6 (Fulham)£1,098
W3 (Acton)£949
SW16 (Streatham)£902
E16 (Canning Town / North Woolwich / Royal Docks)£1,019
W12 (Shepherds Bush)£953
SW19 (Wimbledon / Merton / Collier's Wood)£917
E17 (Walthamstow)£832

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Methodology

SpareRoom’s Quarterly Rental Index compares data from Q3 2023 with Q2 2022, based on around 300,000+ 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.