The average rent in Inner London is £1,839 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 Inner London fell by £133. Compare average rent by area.
Inner London's average rent of £1,839 is £941 higher than the £898 average rent in England. Inner London is the most expensive metropolitan county (of 8 total) based on average rent price.
The average rent growth rate in Inner London between the years ending September 2020 and September 2021 was -6.7%. If rents continue to grow at this rate, average rents will fall to £1,391 by 2025.
The average cost of rent in Inner London varies depending on property type, prices start at £677 for a single room and rise to £3,421 for a house with four or more bedrooms.
Rental data for Inner 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 Inner London is £1,450, increasing to £2,055 for the upper quartile rent.
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Based on the 25,670 properties surveyed, the most common type of rental property within Inner London is 2 beds, which account for 39.3% 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 Single Rooms, which account for 1.1% of properties. In England, the least common type of property is Studio flats, which account for 2.5% of the rental market stock.
The cheapest rents in Inner London are found in Lewisham, where the average cost of rent is £1,350. In the past year, rents have changed by 2.1% in Lewisham (compared to -6.7% in Inner London)
The most expensive rents in Inner London are found in Kensington and Chelsea, where the average cost of rent is £2,712. In the past year, rents have changed by -8.9% in Kensington and Chelsea (compared to -6.7% in Inner London)
YoY CHANGE in AVERAGE Rent
|1|| Kensington and Chelsea |
|2|| Westminster |
|3|| Hammersmith and Fulham |
|4|| Camden |
|5|| Wandsworth |
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