Applicant Budgets
Foxtons - Lettings Market
In 2023, applicant budgets across London regions increased by 7%
compared to the previous year.
The most significant rise was in West London with a 12% increase,
while South and Central London experienced more modest growths
of 4% and 5% respectively.
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 £594 £567 5%
East £537 £493 9%
North £541 £495 9%
South £488 £471 4%
Surrey £433 £420 3%
West £482 £431 12%
Total £526 £492 7%
1 2
Studio
£498
6%
1 bed
£451
7%
2 bed
£546
8%
3 3 bed
£648
6%
7%
1%
Year to Date
YoY
Year-on-year
Month-on-month
2023 vs 2022
December vs November
5