Average Rent in Tower Hamlets 2026
The average monthly private rent in Tower Hamlets is £2,453 as of August 2026, +3.5% on a year earlier. That is £121 a month above the London average of £2,332.
Tower Hamlets is the 23rd 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 Tower Hamlets against what people living in Tower Hamlets 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.
Tower Hamlets rent by bedroom count
Tower Hamlets rent by property type
| Property type | Average monthly rent |
|---|---|
| Flat or maisonette | £2,284 |
| Terraced house | £2,735 |
| Semi-detached house | £3,012 |
| Detached house | £3,078 |
How Tower Hamlets rent has changed
View the year-by-year figures as a table
| Year | Average monthly rent |
|---|---|
| 2015 | £1,773 |
| 2016 | £1,861 |
| 2017 | £1,875 |
| 2018 | £1,873 |
| 2019 | £1,904 |
| 2020 | £1,882 |
| 2021 | £1,747 |
| 2022 | £1,872 |
| 2023 | £2,132 |
| 2024 | £2,326 |
| 2025 | £2,387 |
| 2026 | £2,453 |
Boroughs priced near Tower Hamlets
Common questions
What is the average rent in Tower Hamlets?
The average monthly private rent in Tower Hamlets is £2,453 as of August 2026, according to the ONS Price Index of Private Rents. That is +3.5% compared with a year earlier.
Is Tower Hamlets cheaper than the London average?
No. Tower Hamlets is £121 a month more expensive than the London average of £2,332, ranking 10th most expensive of London's 32 boroughs (August 2026).
Is rent in Tower Hamlets affordable on a local salary?
Average rent in Tower Hamlets is £2,453 a month against median gross full-time pay of £3,823 for people living there, so rent takes 64.2% 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 Tower Hamlets?
A one-bedroom property in Tower Hamlets rents for an average of £1,992 per month, and a two-bedroom for £2,418 (August 2026, ONS).
How much has rent risen in Tower Hamlets?
Average rent in Tower Hamlets has gone from £1,878 to £2,453 since 2021 — up £575 a month, or 30.6%.
Rentals available in Tower Hamlets
See what is actually available in Tower Hamlets 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.