Average 2 Bedroom Rent in Lambeth 2026
A 2 bedroom property in Lambeth rents for an average of £2,342 per month as of August 2026, +3.6% on a year earlier. That is 61.2% of median local full-time pay.
Lambeth is the 23rd cheapest of 32 London boroughs for this size. Updated 2026-09-18.
What that costs relative to local pay
A 2 bedroom in Lambeth against what people living in Lambeth actually earn.
How to read this. Earnings are gross — before tax and National Insurance — so the share of take-home pay is materially higher. The earnings figure is for 2024, the latest year GLA London Datastore publishes, while the rent figure is current; pay has risen since, so the true present-day ratio is somewhat lower than shown. Both are medians for people living in the area, not for jobs located there.
2 Bedroom rent in Lambeth since 2015
View the year-by-year figures as a table
| Year | Average 2 bed rent |
|---|---|
| 2015 | £1,637 |
| 2016 | £1,686 |
| 2017 | £1,671 |
| 2018 | £1,670 |
| 2019 | £1,716 |
| 2020 | £1,808 |
| 2021 | £1,704 |
| 2022 | £1,794 |
| 2023 | £1,944 |
| 2024 | £2,133 |
| 2025 | £2,331 |
| 2026 | £2,342 |
The step up from a one-bed in Lambeth
A 2 bedroom in Lambeth costs 24.4% more than a one-bed here, against 26.8% across London as a whole. Trading up is a gentler jump here than the London norm, which can make Lambeth better value for sharers and families than its headline rent suggests.
What is actually available in Lambeth right now
5 live 2 bed listings on FTR London, median asking rent £1,000.
Other property sizes in Lambeth
2 Bedroom rent across every London borough
Cheapest first, August 2026.
| # | Borough | 2 bed rent | Year on year |
|---|---|---|---|
| 1 | Bexley | £1,526 | +1.6% |
| 2 | Havering | £1,542 | +1.5% |
| 3 | Sutton | £1,554 | +2.1% |
| 4 | Croydon | £1,573 | +3.1% |
| 5 | Hillingdon | £1,586 | +2.5% |
| 6 | Bromley | £1,641 | +2.7% |
| 7 | Redbridge | £1,681 | +1.8% |
| 8 | Harrow | £1,715 | +2.7% |
| 9 | Barking and Dagenham | £1,721 | +2.7% |
| 10 | Waltham Forest | £1,723 | +1.4% |
| 11 | Kingston upon Thames | £1,755 | −1.2% |
| 12 | Enfield | £1,764 | +5% |
| 13 | Lewisham | £1,789 | +2% |
| 14 | Barnet | £1,858 | +3.3% |
| 15 | Greenwich | £1,932 | +6% |
| 16 | Brent | £1,934 | +3.2% |
| 17 | Hounslow | £1,947 | +3.2% |
| 18 | Newham | £1,993 | +2.8% |
| 19 | Merton | £2,024 | +5.5% |
| 20 | Ealing | £2,033 | +3.1% |
| 21 | Haringey | £2,034 | +1.4% |
| 22 | Richmond upon Thames | £2,222 | +4.6% |
| 23 | Lambethyou are here | £2,342 | +3.6% |
| 24 | Southwark | £2,348 | +5.4% |
| 25 | Tower Hamlets | £2,418 | +3.4% |
| 26 | Wandsworth | £2,463 | +4.4% |
| 27 | Hackney | £2,489 | +3.7% |
| 28 | Camden | £2,621 | +1.2% |
| 29 | Hammersmith and Fulham | £2,622 | +3.5% |
| 30 | Islington | £2,697 | +6.4% |
| 31 | Westminster | £3,305 | −0.3% |
| 32 | Kensington and Chelsea | £3,428 | +2.5% |
Common questions
How much is a 2 bedroom in Lambeth?
A 2 bedroom property in Lambeth rents for an average of £2,342 per month as of August 2026, according to the ONS Price Index of Private Rents — +3.6% compared with a year earlier.
Is a 2 bedroom in Lambeth affordable on a local salary?
At £2,342 a month against median gross full-time pay of £3,829 for people living in Lambeth, rent takes 61.2% of gross earnings. The commonly used affordability guideline is 30%. Note that earnings are before tax and National Insurance, and the earnings figure is for 2024.
How much has 2 bedroom rent risen in Lambeth?
A 2 bedroom in Lambeth has gone from £1,704 in 2021 to £2,342 today — up £638 a month, or 37.4%, in five years.
Is a 2 bedroom in Lambeth cheaper than the London average?
No. It costs £110 a month more than the London average of £2,232, ranking 23rd cheapest of 32 boroughs (August 2026).
See what £2,342 actually gets you
Averages are a starting point. Browse what is genuinely available now, listed directly by landlords with no agency fees.
Earnings data: GLA London Datastore — Earnings by Place of Residence, Borough (ONS Annual Survey of Hours and Earnings). Median gross full-time weekly pay, by place of residence, 2024. Contains public sector information licensed under the Open Government Licence v3.0.