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Average Apartments Rent Prices in London 2023

Average flat rent prices in London have come to the mind of everyone who is considering or wondering about living in this city.

London is famous for its exorbitant rents. Even before the cost of living crisis, it was one of the most expensive locations. In this article, you will find the rental prices in September 2023.

rent prices in London

About rent prices in London

The most costly locations, according to Hamptons real estate professionals, are (Kensington and Chelsea); the average rental cost is £3,960 per month; that is: 990 pounds per week, 141 pounds per day, and 5.90 pounds per hour, which is more than a trainee can achieve in an hour.

Westminster rents an average of £3,870 per month, while the City of London comes in third. Where the rent is much lower at 2,760 pounds.

While fashionable Camden came in fourth with an average price of £2,620, Havering came in first with an average monthly rent of £1,170, followed by Bexley at £1,200, and Hillingdon at £1,210.

These figures confirm what most Londoners already know: the cost of renting in West London is very high, comparable to the cost of renting in central neighbourhoods, and, surprisingly, central neighbourhoods (such as Tower Hamlets, Hackney, and Islington) were ranked as average in terms of cost, while neighbourhoods far from central London are the least expensive.

Average rent prices in London per neighborhood

Find out the full list of average apartment rents in areas of London, according to the Hamptons real estate company, from the following table:

RegionAverage cost of rent
Kensington and Chelsea£3,960
Westminster£3,870
City of London:£2,760
Camden£2,620
Hammersmith and Fulham£2,610
Wandsworth£2,360
Tower Hamlets£2,280
Hackney£2,130
Southwark £2,080
Islington£2,050
Lambeth£2,030
Richmond upon Thames £1,840
Hounslow £1,720
Newham £1,710
Sutton £1,700
Greenwich £1,650
Brent £1,600
Merton £1,590
Ealing £1,580
Barnet £1,530
Haringey £1,520
Kingston upon Thames £1,510
Lewisham £1,440
Waltham Forest £1,430
Bromley £1,340
Enfield £1,340
Harrow £1,320
Croydon £1,280
Redbridge £1,280
Barking and Dagenham £1,220
Hillingdon £1,210
Bexley £1,200
Havering£1,170

How to Find Affordable Homes in London

Affordable housing is a major issue in London. With such high costs of living, many people have to settle for accommodations that are below their expectations.

There are a lot of ways to find affordable homes in London. You can look for properties that are up for sale and check their asking prices. You can also look into shared ownership schemes that allow you to buy a share of the property and pay rent on the remaining share.

One way of finding an affordable housing option is by looking at which neighbourhoods are the most cost-effective.

If you are looking for an affordable home in London, you can find one quickly and easily by following these steps:

  1. Search for a property on the internet or through an estate agent.
  2. Visit the property and make sure it is suitable for you.
  3. Consider the price of the property and compare it with other properties that are available.

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