Renter Spend
Average % of Rental Budget Spent
Foxtons - Lettings Market
Average % Renter Budget Spent on Rent Over Time - Foxtons Network
92%
94%
96%
98%
100%
102%
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2021 2022 2023 2024
Renter spend increased 2% compared to January 2024, Renters
spent 99% of their budgets on average, and around 30% of renters
spent over budget.
Central London was the only region where renters spent 100% of
their budgets, with North, East and South London showing the lowest
spend at an average of 97%.
Average % Renter Budget Spent on Rent by Area
Areas
YTD Last YTD YoY Last Month 2 Months Ago MoM
Central 100% 101% -1% 100% 100% -0%
East 97% 97% 0% 99% 95% 4%
North 97% 98% -1% 98% 96% 2%
South 97% 99% -2% 98% 96% 3%
Surrey 97% 101% -4% 104% 91% 13%
West 98% 97% 1% 98% 98% 0%
Total 98% 99% -1% 99% 97% 2%
64%
31%
6%
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.
-1%
2%
Year-on-year
Month-on-month
2024 vs 2023
February vs January
Category - YTD 2024
8