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
March's renter spend mirrored what we saw in 2023 on a year-onyear
basis. Also, on a monthly basis, the average renter spent 99% of
their budget, same as they did in February.
Central London is the only area of London where renters spent, over
budget. Here, the average reached 103%, a 3% increase month on
month.
Average % Renter Budget Spent on Rent by Area
Areas
YTD Last YTD YoY Last Month 2 Months Ago MoM
Central 101% 100% 1% 103% 100% 3%
East 97% 98% -1% 98% 99% -1%
North 98% 98% -0% 99% 98% 1%
South 97% 99% -1% 97% 98% -1%
Surrey 97% 103% -6% 98% 104% -6%
West 97% 97% -0% 96% 98% -2%
Total 99% 99% -0% 99% 99% 0%
63%
31%
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.
-0%
0%
Year-on-year
Month-on-month
2024 vs 2023
March vs February
Category - YTD 2024
8