Renter Spend
Average % of Rental Budget Spent
Foxtons - Lettings Market
Average % Renter Budget Spent on Rent Over Time - Foxtons Network
92%
94%
96%
98%
100%
102%
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2021 2022 2023 2024
Renters on average spent 100% of their budgets in April, a 1%
increase month on month. This is largely similar to the spend seen in
2023.
Almost one third of renters have spent over budget year to date in
2024.
Average % Renter Budget Spent on Rent by Area
Areas
YTD Last YTD YoY Last Month 2 Months Ago MoM
Central 102% 100% 2% 104% 102% 1%
East 97% 98% -1% 96% 99% -3%
North 99% 99% 0% 103% 99% 4%
South 98% 99% -1% 99% 98% 2%
Surrey 96% 103% -7% 91% 99% -8%
West 97% 98% -1% 96% 96% 0%
Total 99% 99% -0% 100% 99% 1%
62%
32%
6%
Under Budget Over Budget On Budget
% of Renter Budget Spent by
100% means renters are spending exactly their budget. Anything over 100% means renters
are spending over budget. Under 100% means renters are spending under budget.
-0%
1%
Year-on-year
Month-on-month
2024 vs 2023
April vs March
Category - YTD 2024
8