London rental market report
A data-led look at the London rental market — rents, yields, demand and the trends shaping Greater London.
London at a glance
The London rental market in Greater London is active and competitive, with average rents around £1,706 pcm and rents up roughly 6.9% over the past year. Strong commuter links and local employment keep demand from tenants consistently ahead of available supply across EC1, WC1, SW1.
Average rent
£1,706 pcm
Average price
£647,000
Gross yield
4.8%
Rent growth (1yr)
+6.9%
Tenant demand
Very high
Avg. void period
22 days
Average rents by property type
| Property type | Average rent (pcm) | Per year |
|---|---|---|
| Room / HMO | £698 | £8,376 |
| 1-bed flat | £1,330 | £15,960 |
| 2-bed flat | £1,662 | £19,944 |
| 3-bed house | £2,127 | £25,524 |
| 4-bed house | £2,742 | £32,904 |
Demand insights
Tenant demand in London is currently very high. Well-presented, compliant homes typically let within 22 days, and verified tenants on DR Rent are matched to suitable London properties as soon as they list.
Market trends
- Rents in London are up around 6.9% year on year.
- Average property prices have changed by about 4% over 12 months.
- Very high demand is keeping average void periods near 22 days.
- Compliance standards under the Renters' Rights Act are reshaping the Greater London market.
Related guides
Stay ahead of the London market
DR Rent helps landlords let faster and stay compliant across the UK.