Applicant Budgets
Foxtons - Lettings Market
In 2024, applicant budgets across London regions remained
slightly higher than 2023, with a 3% year-on-year increase in 2024.
Applicant budgets for two-bed properties saw the largest year-onyear
increase at 6%.
Applicants in Central London had the highest budgets, which
reached £581 this February.
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 £581 £568 2%
East £521 £524 -1%
North £533 £527 1%
South £484 £476 2%
Surrey £466 £422 11%
West £483 £454 7%
Total £518 £501 3%
1 2
Studio
£481
2%
1 bed
£453
4%
2 bed
£555
6%
3 3 bed
£644
3%
3%
0%
Year to Date
YoY
Year-on-year
Month-on-month
2024 vs 2023
February vs January
5