Applicant Budgets
Foxtons - Lettings Market
Budgets remained higher than in previous years, with a 3% increase
in 2024 compared to 2023. As demand increased from February
to March, budgets rose marginally in line with this.
Central London continued to command the highest budgets, with an
average of £579, which is a 2% increase year on year compared to
2023.
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 £579 £570 2%
East £524 £524 0%
North £529 £515 3%
South £486 £475 2%
Surrey £473 £420 13%
West £483 £461 5%
Total £519 £503 3%
1 2
Studio
£482
2%
1 bed
£454
4%
2 bed
£553
6%
3 3 bed
£645
4%
3%
1%
Year to Date
YoY
Year-on-year
Month-on-month
2024 vs 2023
March vs February
5