Average 2 Bedroom Rent in Tower Hamlets 2026
A 2 bedroom property in Tower Hamlets rents for an average of £2,427 per month as of September 2026, +3.7% on a year earlier. That is 63.5% of median local full-time pay.
Tower Hamlets is the 25th cheapest of 32 London boroughs for this size. ONS figures for September 2026, published . Next update after the ONS release on .
What that costs relative to local pay
A 2 bedroom 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.
2 Bedroom rent in Tower Hamlets since 2015
Year-by-year figures
| Year | Average 2 bed rent |
|---|---|
| 2015 | £1,779 |
| 2016 | £1,866 |
| 2017 | £1,874 |
| 2018 | £1,868 |
| 2019 | £1,890 |
| 2020 | £1,864 |
| 2021 | £1,728 |
| 2022 | £1,849 |
| 2023 | £2,104 |
| 2024 | £2,294 |
| 2025 | £2,353 |
| 2026 | £2,427 |
The step up from a one-bed in Tower Hamlets
A 2 bedroom in Tower Hamlets costs 21.5% more than a one-bed here, against 26.9% across London as a whole. Trading up is a gentler jump here than the London norm, which can make Tower Hamlets better value for sharers and families than its headline rent suggests.
What is actually available in Tower Hamlets right now
6 live 2 bed listings on FTR London, median asking rent £2,400.
Other property sizes in Tower Hamlets
2 Bedroom rent across every London borough
Cheapest first, September 2026.
| # | Borough | 2 bed rent | Year on year |
|---|---|---|---|
| 1 | Bexley | £1,529 | +1.7% |
| 2 | Havering | £1,544 | +0.9% |
| 3 | Sutton | £1,567 | +3% |
| 4 | Croydon | £1,577 | +3.4% |
| 5 | Hillingdon | £1,598 | +3.4% |
| 6 | Bromley | £1,649 | +3.2% |
| 7 | Redbridge | £1,689 | +2.1% |
| 8 | Harrow | £1,718 | +2.6% |
| 9 | Barking and Dagenham | £1,723 | +2.6% |
| 10 | Waltham Forest | £1,732 | +2.4% |
| 11 | Kingston upon Thames | £1,765 | −0.4% |
| 12 | Enfield | £1,770 | +5.3% |
| 13 | Lewisham | £1,793 | +2% |
| 14 | Barnet | £1,862 | +2.9% |
| 15 | Greenwich | £1,935 | +6% |
| 16 | Brent | £1,937 | +4.7% |
| 17 | Hounslow | £1,956 | +3.6% |
| 18 | Newham | £1,995 | +2.9% |
| 19 | Merton | £2,032 | +5.7% |
| 20 | Haringey | £2,040 | +1.3% |
| 21 | Ealing | £2,049 | +3.8% |
| 22 | Richmond upon Thames | £2,237 | +5.5% |
| 23 | Lambeth | £2,353 | +3.3% |
| 24 | Southwark | £2,387 | +7.4% |
| 25 | Tower Hamletsyou are here | £2,427 | +3.7% |
| 26 | Wandsworth | £2,469 | +4.3% |
| 27 | Hackney | £2,498 | +4.1% |
| 28 | Camden | £2,634 | +1.6% |
| 29 | Hammersmith and Fulham | £2,656 | +5.1% |
| 30 | Islington | £2,712 | +6.8% |
| 31 | Westminster | £3,320 | −0.1% |
| 32 | Kensington and Chelsea | £3,475 | +3.4% |
Common questions
How much is a 2 bedroom in Tower Hamlets?
A 2 bedroom property in Tower Hamlets rents for an average of £2,427 per month as of September 2026, according to the ONS Price Index of Private Rents — +3.7% compared with a year earlier.
Is a 2 bedroom in Tower Hamlets affordable on a local salary?
At £2,427 a month against median gross full-time pay of £3,823 for people living in Tower Hamlets, rent takes 63.5% 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 Tower Hamlets?
A 2 bedroom in Tower Hamlets has gone from £1,728 in 2021 to £2,427 today — up £699 a month, or 40.5%, in five years.
Is a 2 bedroom in Tower Hamlets cheaper than the London average?
No. It costs £188 a month more than the London average of £2,239, ranking 25th cheapest of 32 boroughs (September 2026).
See what £2,427 actually gets you
Averages are a starting point. Browse what is genuinely available now, listed directly by their landlords.
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.