Applicant Budgets
Foxtons - Lettings Market
London continued to experience the highest rental applicant
budgets seen in recent years, with a 7% increase compared to
2022 year to date. August rental budgets averaged £530 per
week.
Central London experienced the highest rental budgets, at an
average of £582, which was a 6% increase from the same period
in 2022.
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
2020 2021 2022 2023
Renter Budgets by Area
Areas
YTD Last YTD YoY
Central £582 £551 6%
East £535 £487 10%
North £532 £483 10%
South £480 £463 4%
Surrey £429 £417 3%
West £478 £428 12%
Total £517 £484 7%
1 2
Studio
£492
6%
1 bed
£445
8%
2 bed
£537
8%
3 3 bed
£636
7%
7%
-2%
Year to Date
YoY
Year-on-year
Month-on-month
2023 vs 2022
August vs July
5