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Average Rent in London

The average rent in London (Q4 2023) is £1,014 pcm - up 9% year on year from an average of £934 in 2022.

Average room rents Q4 2023 by London region

London regionsAverage monthly room rent Q4 2023Average monthly room rent Q4 2022Annual change Q4 2023 vs Q4 2022
E£987£9039%
EC£1,274£1,1947%
N£980£87712%
NW£1,023£9429%
SE£958£8829%
SW£1,052£9788%
W£1,076£1,0196%
WC£1,351£1,2538%
London£1,014£9349%
UK£739£65812%
UK (excl London)£647£58213%

Top 20 popular London postcodes

London postcodesAverage monthly room rent Q4 2023
E14 (Canary Wharf / Docklands)£1,077
E1 (Shoreditch / Whitechapel)£1,063
NW10 (Willesden)£964
N1 (Angel / Islington/ Canonbury)£1,219
SW15 (Putney)£961
E3 (Bow)£996
NW2 (Cricklewood / Dollis Hill)£921
SW11 (Battersea)£1,140
SE1 (London Bridge / Borough / Waterloo)£1,176
E15 (Stratford / West Ham)£932
SE16 (Bermondsey / Rotherhithe)£1,042
NW1 (Camden)£1,257
E16 (Canning Town / North Woolwich / Royal Docks)£1,043
SW16 (Streatham)£895
E2 (Bethnal Green)£1,060
W3 (Acton)£967
SW6 (Fulham)£1,145
E17 (Walthamstow)£882
SW17 (Tooting)£980
SW19 (Wimbledon / Merton / Collier's Wood)£977

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Methodology

SpareRoom’s Quarterly Rental Index compares data from Q4 2023 with Q4 2022, 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.