It will come to nobody's surprise that recent data highlights that UK rents were up 15% in Q1 2023 compared to Q1 2022 with average monthly room rents at an eye-watering £683 - unsurprising therefore that tenants are struggling to find affordable housing. Alas the cost of inflation and high energy prices are working its magic on the rental prices at the moment.
I can tell you that from my research the average room rents reached a staggering £952 in Q1 2023, and not a single postcode in London has an average monthly room rent of under £700. South London average room rent stands at £681 as I type!
Here is what I found!