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 remained stable at 99% since February 2024, which
is 1% lower than the year-on-year figure for 2023.
In June, Central London continued to see the highest renter spend,
with renters averaging 102% of their budgets.
Average % Renter Budget Spent on Rent by Area
Areas
YTD Last YTD YoY Last Month 2 Months Ago MoM
Central 102% 102% -0% 102% 103% -1%
East 97% 98% -1% 98% 96% 1%
North 97% 99% -2% 94% 95% -1%
South 98% 98% -0% 96% 98% -2%
Surrey 95% 101% -6% 93% 95% -2%
West 97% 97% -0% 99% 97% 2%
Total 99% 100% -1% 99% 99% -0%
62%
32%
7%
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%
-0%
Year-on-year
Month-on-month
2024 vs 2023
June vs May
Category - YTD 2024
8