Applicant Budgets
Foxtons - Lettings Market
Applicant budgets remained 2% higher year-on-year in August, with
the highest budgets seen of any year.
One bed flats saw the highest increase year to date, with a 5%
increase, to an average of £472.
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 £596 £600 -1%
East £541 £546 -1%
North £544 £539 1%
South £506 £488 4%
Surrey £473 £435 9%
West £493 £485 2%
Total £540 £529 2%
1 2
Studio
£504
-0%
1 bed
£472
5%
2 bed
£568
4%
3 3 bed
£671
3%
2%
1%
Year to Date
YoY
Year-on-year
Month-on-month
2024 vs 2023
August vs July
5