1
2
3
Studio
£470
£605
£816
1 bed flat
2 bed flat
3 bed flat
Houses
£779
10%
9%
9%
7%
£377
Rent Achieved
Average Weekly Rent Achieved YTD and YoY Change
Foxtons - Lettings Market
Average Rent Achieved Over Time - Foxtons Network
£350
£400
£450
£500
£550
£600
£650
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2020 2021 2022 2023 10%
Rental prices increased in 2023 by 8% compared to 2022, due in
large part to cost of living and mortgage rate increases.
The average rent achieved by the end of the year in London was
£581. Central London commanded the highest rent achieved at £681,
emphasizing its position as a prime rental location.
Average Weekly Rent Achieved by Area
Areas
YTD Last YTD YoY
Central £681 £644 6%
East £547 £496 10%
North £570 £531 7%
South £522 £484 8%
Surrey £476 £423 12%
West £482 £442 9%
Total £581 £538 8%
8%
-1%
Year-on-year
Month-on-month
2023 vs 2022
December vs November
7