Applicant Budgets
Foxtons - Lettings Market
The average rental budget increased 2% month on month,
reaching £529 per week. It was 8% higher than 2022 year to
date.
Average budgets have reached £572 in Central 6% higher than
June 2022, but East has experienced the highest year on year
increase with budgets experiencing a 12% increase.
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
2020 2021 2022 2023
Renter Budgets by Area
Areas
YTD Last YTD YoY
Central £572 £540 6%
East £529 £472 12%
North £519 £466 11%
South £475 £452 5%
Surrey £426 £416 2%
West £469 £427 10%
Total £508 £472 8%
1 2
Studio
£482
7%
1 bed
£439
8%
2 bed
£528
9%
3 3 bed
£625
7%
8%
2%
Year to Date
YoY
Year-on-year
Month-on-month
2023 vs 2022
June vs May
5