Renter Spend
Average % of Rental Budget Spent
Foxtons - Lettings Market
Average % Renter Budget Spent on Rent Over Time - Foxtons Network
90%
95%
100%
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2020 2021 2022 2023
Renter spend rose 1% month on month, with applicants spending
on average 100% of their rental budgets to secure a tenancy in
August.
South London has the lowest renter spend with an average of 97%
of rental budgets being spent, compared to Central London which
has on average 102% of rental budgets being spent, which
is the highest average renter spend in London.
Average % Renter Budget Spent on Rent by Area
Areas
YTD Last YTD YoY Last Month 2 Months Ago MoM
Central 102% 99% 3% 102% 102% -0%
East 98% 97% 2% 99% 98% 1%
North 99% 96% 3% 100% 97% 3%
South 98% 97% 1% 97% 96% 1%
Surrey 102% 98% 3% 99% 102% -3%
West 98% 96% 2% 99% 97% 2%
Total 99% 97% 2% 100% 99% 1%
59%
33%
7%
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.
2%
1%
Year-on-year
Month-on-month
2023 vs 2022
August vs July
Category - YTD 2023
8