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 has seen a small decline month-on-month, and
year-on-year, however it still remains high at an average of 97% of
budgets spent, with 62% of renters exceeding their budget.
Central London continues to have the highest average renter
spend, on average 102%.
Average % Renter Budget Spent on Rent by Area
Areas
YTD Last YTD YoY Last Month 2 Months Ago MoM
Central 102% 102% -0% 100% 102% -2%
East 97% 98% -1% 96% 98% -2%
North 96% 99% -2% 95% 95% -0%
South 97% 98% -0% 97% 96% 1%
Surrey 95% 101% -7% 93% 93% 0%
West 97% 97% 0% 98% 99% -1%
Total 99% 99% -1% 97% 99% -1%
62%
32%
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%
-1%
Year-on-year
Month-on-month
2024 vs 2023
July vs June
Category - YTD 2024
8