The average rent in City of London is £1,729 according to a survey of properties carried out by HMRC's Valuation Office Agency between September 2020 and September 2021. Between the years ending September 2020 and September 2021, average rents in City of London fell by £409. Compare average rent by area.
City of London's average rent of £1,729 is £831 higher than the £898 average rent in England. City of London is the 11th most expensive london borough (of 33 total) based on average rent price.
The average rent growth rate in City of London between the years ending September 2020 and September 2021 was -19.1%. If rents continue to grow at this rate, average rents will fall to £740 by 2025.
Rental data for City of London is based on a sample that may change over time. Some differences in trends may be due to changes in the sample rather than true changes in the rental market.
Within each property type, rent price can vary depending on variables such as property size and condition of fittings. For example, the lower quartile rent for two bed flats in City of London is £1,950, increasing to £2,450 for the upper quartile rent.
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Based on the 130 properties surveyed, the most common type of rental property within City of London is 1 beds, which account for 53.8% of properties. In England, the most common type of property is 2 bed flats, which account for 42.1% of the rental market stock.
The least commonly available type of rental property is 2 beds, which account for 23.1% of properties. In England, the least common type of property is Studio flats, which account for 2.5% of the rental market stock.
YoY change in average Rent
YoY CHANGE in AVERAGE Rent
Source: Office for National Statistics licensed under the Open Government Licence v.3.0. Contains OS data © Crown copyright and database right 2021. Data sources: ONS Local statistics