Area type
London Borough
Population
215,324
Area size
38km2
Room average rent
£532
Studio average rent
£930
1 bed average rent
£1,272
2 bed average rent
£1,592
3 bed average rent
£2,220
4+ bed average rent
£3,323
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The average rent in Merton is £1,785 according to a survey of properties carried out by HMRC's Valuation Office Agency between September 2021 and September 2022. Between the years ending September 2021 and September 2022, average rents in Merton grew by £146. Compare average rent by area.
Merton's average rent of £1,785 is £839 higher than the £946 average rent in England. Merton is the 13th most expensive london borough (of 33 total) based on average rent price.
The average rent growth rate in Merton between the years ending September 2021 and September 2022 was 8.9%. If rents continue to grow at this rate, average rents will reach £2,511 by 2025.
The average cost of rent in Merton varies depending on property type, prices start at £532 for a single room and rise to £3,323 for a house with four or more bedrooms.
Rental data for Merton 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 Merton is £1,350, increasing to £1,775 for the upper quartile rent.
Based on the 990 properties surveyed, the most common type of rental property within Merton is 2 beds, which account for 45.5% of properties. In England, the most common type of property is 2 bed flats, which account for 38.6% of the rental market stock.
The least commonly available type of rental property is Single Rooms, which account for 1.0% of properties. In England, the least common type of property is Studio flats, which account for 2.2% of the rental market stock.
Merton House Prices
Merton Economy
Merton 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 2022. Data sources: ONS Local statistics