Depressing new London map shows how fast rent is going up in each borough
A disturbing interactive map shows just how much rents have increased in London over the past 12 months. Data from the Office for National Statistics (ONS) show the average cost has gone up by 9.6 per cent, with one London borough experiencing a rise of over a third compared to 2023.
Brent has seen the biggest surge out of every local area in England and Wales. The average price for a home is now £2,121 per month in the North West London borough - up by a shocking 33.6 per cent.
This increase comes against the backdrop of expensive developments popping up in Wembley, along with areas such as Willesden Green and Kensal Rise becoming more desirable as Queen's Park gets even more expensive.
READ MORE: London’s dirtiest Tube line - with trains fully cleaned once every 43 days
Greenwich has experienced the second-largest jump in the price of rent with an increase of 15 per cent to £1,818 a month, followed by Sutton which has experienced a 14.3 per cent rise to £1,463 a month. The surge in rental costs comes despite the inflation rate dropping to 2.2 per cent in September and wage growth being 4.5 per cent on average.
Ben Twomey, chief executive of Generation Rent, said: "While most of the country breathes a sigh of relief over falling inflation, soaring rents mean the single biggest cost for tenants continues to go up much faster than our incomes. Landlords can raise the rent as high as they can get away with while using the threat of a no-fault eviction to bully their tenants to into accepting it." He added that renters are being forced into poverty and homelessness due to the surge in rent.
Check out our interactive map below
London is home to some of the most expensive places to rent a home in Britain. In Kensington and Chelsea the average property costs £3,418 per month, while Westminster is the second most expensive part of the city to rent a home at £3,099 a month.
Elsewhere in England and Wales Melton in the East Midlands, Hinckley & Bosworth and Runnymede have seen the biggest rental price increases at 21.1 per cent, 15.1 per cent and 15 per cent respectively.
Get the biggest stories from around London straight to your inbox. Sign up to MyLondon's The 12 HERE for the 12 biggest stories each day.