Average Rent in Southwark 2026
The average monthly private rent in Southwark is £2,474 as of August 2026, +5.4% on a year earlier. That is £142 a month above the London average of £2,332.
Southwark is the 24th cheapest of London’s 32 boroughs with published data. Updated 2026-09-18.
What that costs relative to local pay
A home of any size in Southwark against what people living in Southwark 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.
Southwark rent by bedroom count
Southwark rent by property type
| Property type | Average monthly rent |
|---|---|
| Flat or maisonette | £2,178 |
| Terraced house | £2,849 |
| Semi-detached house | £3,416 |
| Detached house | £3,300 |
How Southwark rent has changed
View the year-by-year figures as a table
| Year | Average monthly rent |
|---|---|
| 2015 | £1,700 |
| 2016 | £1,770 |
| 2017 | £1,773 |
| 2018 | £1,786 |
| 2019 | £1,815 |
| 2020 | £1,870 |
| 2021 | £1,832 |
| 2022 | £1,963 |
| 2023 | £2,144 |
| 2024 | £2,331 |
| 2025 | £2,374 |
| 2026 | £2,474 |
Boroughs priced near Southwark
Common questions
What is the average rent in Southwark?
The average monthly private rent in Southwark is £2,474 as of August 2026, according to the ONS Price Index of Private Rents. That is +5.4% compared with a year earlier.
Is Southwark cheaper than the London average?
No. Southwark is £142 a month more expensive than the London average of £2,332, ranking 9th most expensive of London's 32 boroughs (August 2026).
Is rent in Southwark affordable on a local salary?
Average rent in Southwark is £2,474 a month against median gross full-time pay of £3,815 for people living there, so rent takes 64.8% 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 Southwark?
A one-bedroom property in Southwark rents for an average of £1,876 per month, and a two-bedroom for £2,348 (August 2026, ONS).
How much has rent risen in Southwark?
Average rent in Southwark has gone from £1,869 to £2,474 since 2021 — up £605 a month, or 32.4%.
Rentals available in Southwark
See what is actually available in Southwark right 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.