The average cost of renting a single room in London has surpassed £1,000 for the first time. New data reveals the most expensive and cheapest areas across the city.
In central London, rents for a single room now average over £1,200 per month. This is up from £1,050 in the same period last year. The most expensive areas include Knightsbridge, Mayfair, and parts of Westminster.
In contrast, rents in outer London are more affordable. Zones like Enfield, Barnet, and Ealing report average rents of around £800. The disparity highlights growing housing pressures in the city.
The rise in rental prices follows years of limited housing supply and increased demand. Recent reports indicate that the number of available rental properties has declined by 15% over the past three years.
This trend has sparked concerns among tenants and housing advocates. Many argue that the situation is unsustainable and could lead to further displacement of long-term residents. The government has yet to introduce significant policy changes to address the issue.
