Applicant Budgets
Foxtons - Lettings Market
Applicant budgets continued to rise, reaching an average of
£547, the highest in recent years and 2% higher year on year.
Notably, budgets for one-bedroom flats increased by 5% year on
year.
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 £588 £590 -0%
East £534 £540 -1%
North £536 £525 2%
South £499 £482 4%
Surrey £473 £430 10%
West £488 £476 3%
Total £531 £519 2%
1 2
Studio
£494
0%
1 bed
£463
5%
2 bed
£560
4%
3 3 bed
£662
4%
2%
1%
Year to Date
YoY
Year-on-year
Month-on-month
2024 vs 2023
June vs May
5