Average rents London index for the last 12 months

The graph below shows the average rental value in London against the UK average. Below the graph, you can select the time period you want to be displayed and compare the historical average rental value in London against any other region in the UK.

Date
Dec 2023
Jan 2024
Feb 2024
Mar 2024
Apr 2024
May 2024
Jun 2024
1%
6%
11%
Average
Average Excl London
East Midlands
East of England
London
North East
North West
Northern Ireland
Scotland
South East
South West
Wales
West Midlands
Yorkshire and Humberside

Click on region names to switch them on and off

Average rental value for new tenancies in London

The graph below shows the average rental value in London against the UK average. Below the graph, you can select the time period you want to be displayed and compare the historical average rental value in London against any other region in the UK.

Date
Jul 2023
Sep 2023
Nov 2023
Jan 2024
Mar 2024
May 2024
Jul 2024
1000
1200
1400
1600
1800
2000
2200
2400
2103
2138
2167
2102
2070
2081
2127
2174
2192
2179
2145
1299
1297
1294
1273
1262
1260
1268
1279
1283
1276
1261
Average Rents London
UK Average

FIVE-YEAR SNAPSHOT

Greatest change over five years

  +15%
5 years

Average Rent

2019 [May]

Average Rent

2024 [May]
  •  Under £1,000
  •  £1,000 to £1,250
  •  £1,250 to £1,500
  •  £1,500 to £1,750
  •  Over £1,750

Regional Average

Delving deeper into the data we are able to provide tenant demographic and market profiling at a local level.

Key:

Shows regional average

Shows UK average

Average Tenant
Gross Income*

£80,000

£35,000

Predominant
Age Group

45–50

25–30

Average % Tenant
Income spent on Rent

38.80%

32.30%

Predominant
Rental Band

£1,500–£2,000

£1,000–£1,200