Applicant Budgets
Foxtons - Lettings Market
Applicant budgets continued to trend upwards in 2025, reflecting
strong confidence in the rental market. The average budget has risen
to £534, a 3% increase compared to 2024.
South London has seen the most significant growth, with budgets
increasing by 4% year-to-date, from £490 in 2024 to £511 in 2025,
highlighting sustained demand in the area.
Average Renter Budget Over Time - Foxtons Network
£400
£450
£500
£550
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2022 2023 2024 2025
Renter Budgets by Area
Areas
YTD Last YTD YoY
Central £579 £585 -1%
East £530 £520 2%
North £550 £534 3%
South £510 £490 4%
Surrey £473 £473 0%
West £495 £486 2%
Total £535 £521 3%
1 2
Studio
£407
-15%
1 bed
£469
3%
2 bed
£562
1%
3 3 bed
£669
3%
3%
-0%
Year to Date
YoY
Year-on-year
Month-on-month
2025 vs 2024
February vs January
5