The average rent in Southwark is £1,732 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 Southwark grew by £12. Compare average rent by area.
Southwark's average rent of £1,732 is £834 higher than the £898 average rent in England. Southwark is the 9th most expensive london borough (of 33 total) based on average rent price.
The average rent growth rate in Southwark between the years ending September 2020 and September 2021 was 0.7%. If rents continue to grow at this rate, average rents will reach £1,781 by 2025.
The average cost of rent in Southwark varies depending on property type, prices start at £718 for a single room and rise to £3,043 for a house with four or more bedrooms.
Rental data for Southwark 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 Southwark is £1,440, increasing to £1,995 for the upper quartile rent.
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Based on the 2,270 properties surveyed, the most common type of rental property within Southwark is 2 beds, which account for 43.2% 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 0.9% 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