Monthly rent by sector in London and England (2019/20)
Rent is much more expensive in London than in the rest of England. This can be seen most acutely in the private rented sector, where the median monthly rent for a one-bedroom home in London was £1,200 in 2019/20 in the capital and £620 in the rest of the country. At £660 per month for affordable housing and £420 for social rent, non-market tenures are cheaper than the private sector. They are, however, still more expensive in London than in the rest of the country.
Private rents have increased significantly since the financial crisis in 2008, rising by 31% in London, after taking account of inflation. This is faster than the 23% rise in rents seen in the rest of England. Social rents were increasing at a similar rate until 2016, but rose more slowly than inflation between 2016 and 2019.
This data does not include most of the period of the pandemic. COVID-19 caused significant disruption to the housing market, and we expect to see these changes reflected in future data.