Applicant Budgets
Foxtons - Lettings Market
The average rental budget for applicants increased 2% from April
to May, reaching comfortably above £500 per week.
Applicants looking to rent in North and East London increased
their budgets the most, budgeting 12% more than last year.
Average Renter Budget Over Time - Foxtons Network
£400
£420
£440
£460
£480
£500
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 £568 £532 7%
East £523 £466 12%
North £513 £460 12%
South £472 £449 5%
Surrey £425 £412 3%
West £464 £423 10%
Total £503 £467 8%
1 2
Studio
£476
7%
1 bed
£438
9%
2 bed
£524
9%
3 3 bed
£617
6%
8%
2%
Year to Date
YoY
Year-on-year
Month-on-month
2023 vs 2022
May vs April
5