Median rent for residential apartments in as of Aug, 2020.
Be informed, make custom offers based only on median rent prices. But keep in mind, that price depends on size/amenities of the apartment.
121,560 London, UK apartments for rent
London
London is the most iconic city of the English speaking world. It is a cultural center and a global economic hub. In the same time, London poses exquisite style and an aristocratic vibe. You can see it in the elite London flats. This city is old, new, imperial and democratic at the same time. Don’t wait up, London is calling.
Overview
London is one of the most prominent global cities. It is a center of education, art, commerce, tourism, research, and entertainment. It is the largest financial center with headquarters of major world corporations. London is the most visited city, in terms of international arrivals, and the most renowned tourist destination. The city is the center of international relations, frequently hosting international conferences and summits. It is also the investment center with the highest concentration of ultra-high-net-worth individuals. London has a superior infrastructure with the world largest airports and the oldest underground railroad system. This city truly has it all.
Business & Economy
London has a fifth or sixth largest metropolitan area GDP in the world. It is the largest and the most prosperous metropolitan region in Europe that account for the 30% of the United Kingdom GDP. London economy is as big as the economy of Sweden. London is the most expensive property market in the world for decades in a row. It is a major financial center, alongside megacities such as Singapore, Tokyo, Hong Kong, New York, and Moscow. London has five big financial districts, the most prominent of them is the City of London. It is home to a myriad of hedge funds, private equity firms, most international banks, and exchanges. The commercial district of Waterloo, Southwark and East London Tech City are major hubs for start-up technology companies and pride themselves to be a European Silicon Valley.
Culture
London has plenty of galleries, museums and art institutions. Many of them have free admission and serve as a major tourist destination. One of the most notorious museums is the British Museum in Bloomsbury. It contains 7 million artifacts from around the globe, featuring antiquities, natural history specimens and much more. Another renowned place is Albertopolis, a whole quarter of scientific and cultural establishments. This area is home to three museum-juggernauts: Victoria and Albert Museum ( collection of applied arts), the Science Museum, and the Natural History Museum. Moreover, London has a vibrant music scene. The city hosts major music companies: Warner Music Group, Universal Music Group, as well thousands of niche studios, recording companies, bands, and musicians. London features countless venues for rock and pop concerts as well as two major opera houses and four conservatories.
Demographics
London is a melting pot, which competes in diversities with such international cities as New York and Los Angeles. According to the 2011 census, 3 million people or 37% of the London population are foreign-born. London has one of the largest international populations in the world. Professionals and investors from across the globe are drawn to London. That is why it is quite expensive to rent London properties.
Housing Trends
London, UK Housing Trends
Average rent in London: £2,810 (-3.8%)
| Rent Price | Aug | vs Last Month |
|---|---|---|
| Studio apartments | £871 | N/A |
| 1 bed apartments | £1,652 | -5.3% |
| 2 bed apartments | £2,425 | -5.2% |
| 3 bed apartments | £3,521 | -6.9% |
| 4+ bed apartments | £4,284 | -0.5% |
Over the Aug 2020, the average rent for an apartment in/near London, UK decreased by 3.8% to 2.810 £.
Breaking it down in details, we now see that the average price for 1-bed apartment decreased by 5.3% to 1.652 £. Pricing for 2-bed apartment also decreased by 5.2% and a place of this size will now cost you 2.425 £. 3-bed apartment rent pricing starts at 3.521 £, it decreased by 6.9% lately. We tend to note the rise of 4- and more bed apartment pricing. It decreased by 0.5% and made it down to 4.284 £.
| Rent Type Price | Aug | vs Last Month |
|---|---|---|
| Apartment rentals | £2,858 | -1.3% |
| House rentals | £4,353 | -8.8% |
| Room rentals | £777 | -0.8% |
| Loft rentals | £1,250 | +0.7% |
| Townhouse rentals | £2,624 | -9.3% |
The median rent for an apartment in London, UK decreased by 1.3% to 2.858 £. Statistics show that house rent price decreased by 8.8% this month making it up to 4.353 £. The median rent for a loft faced changes as well, it increased by 0.7%, the price tag now starts at1.250 £. An average room will now go for 777 £, the median rent price for a room decreased by 0.8%. The median rent for a townhouse decreased by 9.3%, you’ll have to spend around 2.624 £ to get one.
Finding Apartment in London
London has the lavish inventory of properties. Here you can find new build apartments, old Victorian mansions, unfurnished properties, and serviced apartments. Finding a flat or an apartment for rent in London is not an easy task. Thousands of newcomers are arriving in London every day. It is pretty hard to find an apartment for a short stay or vacation rental. Finding long-term apartments is an even more difficult story. Potential renter has to go through a rigorous screening process and get approved by the landlord or property management. However, Rentberry is making this process much easier, with our fully automated platform. Search for thousands of rental properties: lofts, houses, townhomes, cheap rental as well as luxury options.
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