How much does it cost to rent a flat in London?

As of late 2024, the estimates of costs to rent a flat in London are the following:

Zone 1: Central London

• Studio Flat: £1,400 – £2,000+
• One Bedroom Flat: £1,600 – £2,500+
• Two Bedroom Flat: £2,000 – £3,500+

Zone 2: Inner London Areas

• Studio Flat: £1,200 – £1,600
• One Bedroom Flat: £1,400 – £2,000
• Two Bedroom Flat: £1,500 – £2,800

Zone 3: Outer Central London

• Studio Flat: £1000 – £1,500
• One Bedroom Flat: £1,000 – £1,600
• Two Bedroom Flat: £1,300 – £2,000

Zone 4: Suburban Areas

• Studio Flat: £800 – £1,100
• One Bedroom Flat: £900 – £1,400
• Two Bedroom Flat: £1,100 – £1,800

Flatshares and alternative arrangements

Renting a room in a shared flat or a house can cost you anything within the range of £600-£2000. Yes, sometimes a room can cost you as much as a flat! The price tag depends on the location, the size of the room, amenities offered, and other parameters. For many Londoners, renting a nicer room in a better location is more important than spending the same amount of money on a more average flat. The choice is yours – but remember that, when living alone, you will end up paying more for the bills, as they won’t be split between the household members. 

Additional costs

Mind that these estimates don’t factor in additional costs, which include council tax, utility bills, and any other service charges. On average, the bills can run up to anything between £80-250 depending on what’s included in your rent, the council tax band, the type of heating you have, and other nuances. Sometimes these costs can be included in the listed amount of rent – always check the ad and double check with the landlords or agents to find out the exact terms.