Area type
London Borough
Population
156,864
Area size
12km2
Studio average rent
£1,284
1 bed average rent
£1,892
2 bed average rent
£2,746
3 bed average rent
£4,480
4+ bed average rent
£7,858
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The average rent in Kensington and Chelsea is £2,712 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 Kensington and Chelsea fell by £265. Compare average rent by area.
Kensington and Chelsea's average rent of £2,712 is £1,814 higher than the £898 average rent in England. Kensington and Chelsea is the most expensive london borough (of 33 total) based on average rent price.
The average rent growth rate in Kensington and Chelsea between the years ending September 2020 and September 2021 was -8.9%. If rents continue to grow at this rate, average rents will fall to £1,868 by 2025.
The average cost of rent in Kensington and Chelsea varies depending on property type, prices start at £1,284 for a studio flat and rise to £7,858 for a house with four or more bedrooms.
Rental data for Kensington and Chelsea 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 Kensington and Chelsea is £2,145, increasing to £3,142 for the upper quartile rent.
Based on the 2,050 properties surveyed, the most common type of rental property within Kensington and Chelsea is 2 beds, which account for 39.0% 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 4+ beds, which account for 3.9% of properties. In England, the least common type of property is Studio flats, which account for 2.5% of the rental market stock.
Kensington and Chelsea House Prices
Kensington and Chelsea Economy
Kensington and Chelsea Salary
Rank | Area | Average Rent | YoY change in average Rent |
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Rank | Area | Average Rent | YoY CHANGE in AVERAGE Rent |
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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