Average 3 Bedroom Rent in Southwark 2026
A 3 bedroom property in Southwark rents for an average of £2,732 per month as of August 2026, +5.6% on a year earlier. That is 71.6% of median local full-time pay.
Southwark is the 24th cheapest of 32 London boroughs for this size. Updated 2026-09-18.
What that costs relative to local pay
A 3 bedroom 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.
3 Bedroom rent in Southwark since 2015
View the year-by-year figures as a table
| Year | Average 3 bed rent |
|---|---|
| 2015 | £1,873 |
| 2016 | £1,954 |
| 2017 | £1,957 |
| 2018 | £1,971 |
| 2019 | £1,993 |
| 2020 | £2,052 |
| 2021 | £2,022 |
| 2022 | £2,169 |
| 2023 | £2,364 |
| 2024 | £2,566 |
| 2025 | £2,617 |
| 2026 | £2,732 |
The step up from a one-bed in Southwark
A 3 bedroom in Southwark costs 45.6% more than a one-bed here, against 50.2% across London as a whole. Trading up is a gentler jump here than the London norm, which can make Southwark better value for sharers and families than its headline rent suggests.
Other property sizes in Southwark
3 Bedroom rent across every London borough
Cheapest first, August 2026.
| # | Borough | 3 bed rent | Year on year |
|---|---|---|---|
| 1 | Havering | £1,847 | +2% |
| 2 | Croydon | £1,858 | +3.6% |
| 3 | Bexley | £1,865 | +1.7% |
| 4 | Barking and Dagenham | £1,899 | +3.1% |
| 5 | Sutton | £1,899 | +2.6% |
| 6 | Hillingdon | £1,913 | +3% |
| 7 | Redbridge | £1,981 | +2.5% |
| 8 | Bromley | £1,990 | +3.1% |
| 9 | Waltham Forest | £2,023 | +1.9% |
| 10 | Lewisham | £2,057 | +2.4% |
| 11 | Harrow | £2,064 | +3.3% |
| 12 | Enfield | £2,098 | +5.6% |
| 13 | Kingston upon Thames | £2,154 | −0.7% |
| 14 | Newham | £2,212 | +3.5% |
| 15 | Hounslow | £2,241 | +3.6% |
| 16 | Greenwich | £2,242 | +6.6% |
| 17 | Barnet | £2,256 | +3.6% |
| 18 | Brent | £2,271 | +3.7% |
| 19 | Haringey | £2,356 | +1.8% |
| 20 | Ealing | £2,406 | +3.4% |
| 21 | Merton | £2,407 | +5.8% |
| 22 | Lambeth | £2,682 | +3.8% |
| 23 | Richmond upon Thames | £2,684 | +4.7% |
| 24 | Southwarkyou are here | £2,732 | +5.6% |
| 25 | Tower Hamlets | £2,750 | +3.6% |
| 26 | Wandsworth | £2,810 | +4.4% |
| 27 | Hackney | £2,846 | +3.9% |
| 28 | Hammersmith and Fulham | £2,992 | +3.5% |
| 29 | Islington | £3,005 | +6.5% |
| 30 | Camden | £3,055 | +1.2% |
| 31 | Westminster | £3,895 | −0.5% |
| 32 | Kensington and Chelsea | £4,074 | +2.5% |
Common questions
How much is a 3 bedroom in Southwark?
A 3 bedroom property in Southwark rents for an average of £2,732 per month as of August 2026, according to the ONS Price Index of Private Rents — +5.6% compared with a year earlier.
Is a 3 bedroom in Southwark affordable on a local salary?
At £2,732 a month against median gross full-time pay of £3,815 for people living in Southwark, rent takes 71.6% 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 3 bedroom rent risen in Southwark?
A 3 bedroom in Southwark has gone from £2,022 in 2021 to £2,732 today — up £710 a month, or 35.1%, in five years.
Is a 3 bedroom in Southwark cheaper than the London average?
No. It costs £89 a month more than the London average of £2,643, ranking 24th cheapest of 32 boroughs (August 2026).
See what £2,732 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.