Average monthly rental costs and annual change in London 2023, by borough
Rents in England's capital, London, rose across all boroughs in December 2023, except in Ealing. The monthly rent for residential properties ranged from 1,400 British pounds to over 3,700 British pounds as of December 2023. Among the most expensive boroughs were Westminster, Chelsea, Hammersmith, Fulham, & Kensington, Lambeth, Camden, and the City of London, with monthly rental costs exceeding 2,400 British pounds. Understandably, buying an apartment in these areas is also pricey and can cost prospective buyers over one million British pounds.