Applicant Budgets
Foxtons - Lettings Market
Applicant budgets remain 2% higher year-on-year, at an average of
£551, which is the highest level seen in the past 4 years.
South London saw the largest year-on-year increase of any London
region, increasing to an average of £503.
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 £592 £596 -1%
East £536 £546 -2%
North £539 £534 1%
South £503 £485 4%
Surrey £474 £431 10%
West £493 £482 2%
Total £535 £526 2%
1 2
Studio
£499
-0%
1 bed
£465
4%
2 bed
£563
4%
3 3 bed
£666
3%
2%
1%
Year to Date
YoY
Year-on-year
Month-on-month
2024 vs 2023
July vs June
5