According to data from the Office for National Statistics (ONS), using the Price Index of Private Rents (PIPR) which tracks the prices paid for new and existing tenancies, rent prices are on the rise across the whole of south east London.
According to data published in October 2024, showing the latest rental figures for September 2024, prices have risen over the last year since September 2023.
The highest rent increase seen in south east London was revealed to be Greenwich, where the rent was £1822, up 13.8 percent from the previous year’s value of £1601.
This was followed by Lewisham with £1690, up from £1553 in September 2023, a rise of 8.8 percent
In Bromley, rent prices have risen to £1565, up from £1445 in September 2023, showing a rise of 8.3 percent.
Southwark followed close behind with a rent value of £2274, up from £2101 in September 2023, marking a rise of 8.2 percent.
Finally, rent prices in Bexley rose to £1355, which was an increase from £1258 in September 2023, a rise of 7.7 percent.
Here’s a full breakdown of the rent prices in each south east London borough as of September 2024.
Bexley:
- £1079 for a one-bed property
- £1345 for a two-bed property
- £1647 for a three-bed property
- £2162 for four or more beds
- £2039 for a detached property
- £1752 for a semi-detached property
- £1577 for a terraced property
- £1222 for a maisonette
Bromley:
- £1209 for a one-bed property
- £1523 for a two-bed property
- £1849 for a three-bed property
- £2759 for four or more beds
- £2736 for a detached property
- £2007 for a semi-detached property
- £1779 for a terraced property
- £1403 for a maisonette
Greenwich:
- £1416 for a one-bed property
- £1764 for a two-bed property
- £2045 for a three-bed property
- £2787 for four or more beds
- £2839 for a detached property
- £2261 for a semi-detached property
- £2050 for a terraced property
- £1672 for a maisonette
Lewisham:
- £1340 for a one-bed property
- £1649 for a two-bed property
- £1900 for a three-bed property
- £2538 for four or more beds
- £2339 for a detached property
- £2179 for a semi-detached property
- £1932 for a terraced property
- £1530 for a maisonette
Southwark:
- £1705 for a one-bed property
- £2154 for a two-bed property
- £2502 for a three-bed property
- £3328 for four or more beds
- £3071 for a detached property
- £3150 for a semi-detached property
- £2624 for a terraced property
- £1997 for a maisonette
