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 regions | Average monthly room rent Q4 2023 | Average monthly room rent Q4 2022 | Annual change Q4 2023 vs Q4 2022 |
E | £987 | £903 | 9% |
EC | £1,274 | £1,194 | 7% |
N | £980 | £877 | 12% |
NW | £1,023 | £942 | 9% |
SE | £958 | £882 | 9% |
SW | £1,052 | £978 | 8% |
W | £1,076 | £1,019 | 6% |
WC | £1,351 | £1,253 | 8% |
London | £1,014 | £934 | 9% |
UK | £739 | £658 | 12% |
UK (excl London) | £647 | £582 | 13% |
Top 20 popular London postcodes
London postcodes | Average 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
SpareRooms 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.