Average Rent in London 2026
The average monthly private rent in London is £2,338 as of September 2026, +3.5% on a year earlier.
What that costs relative to local pay
A home of any size in London against what people living in London 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.
London rent by bedroom count
London rent by property type
| Property type | Average monthly rent |
|---|---|
| Flat or maisonette | £2,061 |
| Terraced house | £2,850 |
| Semi-detached house | £2,960 |
| Detached house | £2,930 |
How London rent has changed
Year-by-year figures
| Year | Average monthly rent |
|---|---|
| 2015 | £1,648 |
| 2016 | £1,702 |
| 2017 | £1,697 |
| 2018 | £1,696 |
| 2019 | £1,737 |
| 2020 | £1,737 |
| 2021 | £1,724 |
| 2022 | £1,818 |
| 2023 | £1,994 |
| 2024 | £2,221 |
| 2025 | £2,268 |
| 2026 | £2,338 |
Common questions
What is the average rent in London?
The average monthly private rent in London is £2,338 as of September 2026, according to the ONS Price Index of Private Rents. That is +3.5% compared with a year earlier.
Is London cheaper than the London average?
No. London is £0 a month more expensive than the London average of £2,338 (September 2026).
Is rent in London affordable on a local salary?
Average rent in London is £2,338 a month against median gross full-time pay of £3,698 for people living there, so rent takes 63.2% of gross earnings. The commonly used guideline is 30%. Earnings are before tax and are for 2024.
How much is a one-bedroom flat in London?
A one-bedroom property in London rents for an average of £1,764 per month, and a two-bedroom for £2,239 (September 2026, ONS).
How much has rent risen in London?
Average rent in London has gone from £1,735 to £2,338 since 2021 — up £603 a month, or 34.8%.
Find a place to rent in London
Browse rooms and flats listed directly by landlords across London.
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.