Applicant Budgets
Foxtons - Lettings Market
Applicant's budgets remain higher in 2024 than any other year, with
a 3% increase year to date compared to 2023. As demand is
increasing seasonally, applicant's budgets are following a similar
trend.
West London has the lowest average applicant budget at £481, a 4%
increase on 2023. Central London also continues to command the
highest applicant budgets across all of London, averaging £580.
Average Renter Budget Over Time - Foxtons Network
£400
£420
£440
£460
£480
£500
£520
£540
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2021 2022 2023 2024
Renter Budgets by Area
Areas
YTD Last YTD YoY
Central £580 £575 1%
East £528 £527 0%
North £530 £513 3%
South £487 £476 2%
Surrey £472 £422 12%
West £481 £464 4%
Total £521 £506 3%
1 2
Studio
£483
1%
1 bed
£456
4%
2 bed
£556
6%
3 3 bed
£649
3%
3%
1%
Year to Date
YoY
Year-on-year
Month-on-month
2024 vs 2023
April vs March
5