Renter Spend
Average % of Rental Budget Spent
Foxtons - Lettings Market
Average % Renter Budget Spent on Rent Over Time - Foxtons Network
90%
95%
100%
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2020 2021 2022 2023
The average percentage of rental budgets spent to secure a
property has remained stable throughout the year, mainly sitting
around 99%, which was the average renter spend in September.
The highest average spend for the year was in May, at 101%.
Central London fell 3% month on month, however it still had one
of the highest average percentages of rental budgets spent of any
region in London.
Average % Renter Budget Spent on Rent by Area
Areas
YTD Last YTD YoY Last Month 2 Months Ago MoM
Central 102% 99% 3% 100% 102% -3%
East 98% 97% 1% 98% 99% -1%
North 99% 96% 3% 98% 100% -1%
South 98% 97% 1% 100% 97% 2%
Surrey 101% 99% 3% 99% 99% -0%
West 98% 97% 1% 100% 99% 1%
Total 99% 98% 2% 99% 100% -1%
59%
33%
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.
2%
-1%
Year-on-year
Month-on-month
2023 vs 2022
September vs August
Category - YTD 2023
8