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Asking rent £4,372/month · Gross yield 4.4% · 12 months, listings to Sep 2026
City of Westminster: asking rent £4,372/month (12 months to Sep 2026, 14,145 lets).
£4,372/month 12 months to Sep 2026
14,145 lets
Median asking rent per calendar month of residential lettings in the month, from portal listings. Asking, not achieved. 12-month figure: the monthly medians weighted by their sample, 12 months to Sep 2026, 14,145 lets.
4.4% 12 months to Sep 2026
31,446 lets
+7.2% on the previous 12 months.
Cell asking rent × 12 over the same cell's asking sale price, before costs, voids and finance (cells with fewer than 5 dated listings are not built). 12-month figure: the monthly medians weighted by their sample, 12 months to Sep 2026, 31,446 lets.
Sample is the dated lettings behind the latest month's rent cell.
7,760 on 9 Nov 2026
Count of live residential lettings on the day, from portal listings; observed forwards from 5 Sep 2026. The count on 9 Nov 2026; the daily series began on 5 Sep 2026, so no change over a year is stated.
Asking rent in City of Westminster runs from £2,937/month for 1 bedroom to £10,749/month for 5+ bedrooms.
| Homes | Asking rent | Window | Change | Listings |
|---|---|---|---|---|
| 1 bedroom | £2,937/month | 12 months to Sep 2026 | +3.9% on the previous 12 months | 10070 |
| 2 bedrooms | £4,025/month | 12 months to Sep 2026 | -1.2% on the previous 12 months | 10088 |
| 3 bedrooms | £6,387/month | 12 months to Sep 2026 | +4.6% on the previous 12 months | 6023 |
| 4 bedrooms | £9,898/month | 12 months to Sep 2026 | +6.5% on the previous 12 months | 1451 |
| 5+ bedrooms | £10,749/month | 12 months to Sep 2026 | +3.2% on the previous 12 months | 726 |
Asking rent per calendar month by bedroom band: the monthly medians of lettings that came to market, weighted by their dated listings, within the last 12 calendar months, from portal listings. A band with fewer than 30 dated listings in the year is not published.
Corporate landlords hold 52% of the 6,620 units in City of Westminster whose freeholder is classified; 97% of all units are not yet classified.
Freeholder class per addressable unit, from HM Land Registry CCOD/OCOD matched to the title and Companies House. Individuals are counted, never itemised.
City of Westminster ranks 2nd of 33 local authorities in London for asking rent, at £4,372/month.
City of Westminster ranks 2nd of 33 local authorities in London for asking rent, at £4,372/month.
| # | Area | Asking rent | Period | Sample | Tier |
|---|---|---|---|---|---|
| 1 | Kensington and Chelsea | £4,438/month | 12 months to Sep 2026 · from monthly figures | 9,080 | measured |
| 2 | City of Westminster | £4,372/month | 12 months to Sep 2026 · from monthly figures | 14,145 | measured |
| 3 | Camden | £3,490/month | 12 months to Sep 2026 · from monthly figures | 5,331 | measured |
| 4 | Wandsworth | £3,083/month | 12 months to Sep 2026 · from monthly figures | 13,851 | measured |
| 5 | City and County of the City of London | £2,969/month | 12 months to Sep 2026 · from monthly figures | 557 | measured |
City of Westminster ranks 24th of 33 local authorities in London for gross yield, asking basis, at 4.4%.
| # | Area | Gross yield, asking basis | Period | Sample | Tier |
|---|---|---|---|---|---|
| 1 | Newham | 6.4% | 12 months to Sep 2026 · from monthly figures | 15,597 | measured |
| 2 | Tower Hamlets | 6.2% | 12 months to Sep 2026 · from monthly figures | 37,223 | measured |
| 3 | Southwark | 6.1% | 12 months to Sep 2026 · from monthly figures | 23,272 | measured |
| 4 | Barking and Dagenham | 5.8% | 12 months to Sep 2026 · from monthly figures | 6,229 | measured |
| 5 | Wandsworth | 5.8% | 12 months to Sep 2026 · from monthly figures | 33,768 | measured |
| 24 | City of Westminster | 4.4% | 12 months to Sep 2026 · from monthly figures | 31,446 | measured |
Full table: gross yield, asking basis across local authorities in London
W1K leads the 23 postcode districts within City of Westminster for asking rent, at £20,551/month.
| # | Area | Asking rent | Period | Sample | Tier |
|---|---|---|---|---|---|
| 1 | W1K | £20,551/month | 12 months to Sep 2026 · from monthly figures | 314 | measured |
| 2 | W1G | £7,875/month | 12 months to Sep 2026 · from monthly figures | 149 | measured |
| 3 | W1S | £7,504/month | 12 months to Sep 2026 · from monthly figures | 79 | indicative |
| 4 | W1B | £7,120/month | 12 months to Sep 2026 · from monthly figures · 11 of 12 months observed | 61 | indicative |
| 5 | SW1W | £6,457/month | 12 months to Sep 2026 · from monthly figures | 464 | measured |
Full table: asking rent across postcode districts within City of Westminster
W1B leads the 21 postcode districts within City of Westminster for gross yield, asking basis, at 5.2%.
| # | Area | Gross yield, asking basis | Period | Sample | Tier |
|---|---|---|---|---|---|
| 1 | W1B | 5.2% | 12 months to Sep 2026 · from monthly figures · 6 of 12 months observed | 70 | indicative |
| 2 | W2 | 5.0% | 12 months to Sep 2026 · from monthly figures | 8,261 | measured |
| 3 | SW1P | 4.7% | 12 months to Sep 2026 · from monthly figures | 1,735 | measured |
| 4 | W9 | 4.7% | 12 months to Sep 2026 · from monthly figures | 2,963 | measured |
| 5 | NW8 | 4.6% | 12 months to Sep 2026 · from monthly figures | 5,066 | measured |
Full table: gross yield, asking basis across postcode districts within City of Westminster
Sector and regional evidence. These figures are not a quote for an individual property.
Reading the cost index and the regional factors…
| Figure | Dataset | Window | Latest | Sample |
|---|---|---|---|---|
| Asking rent | MarketCode market evidence | 12 months to Sep 2026 | Sep 2026 | 14,145 lets |
| Gross yield, asking basis | MarketCode market evidence | 12 months to Sep 2026 | Sep 2026 | 31,446 lets |
| Homes to rent | Portal listings; observed forwards from 5 Sep 2026 | on 9 Nov 2026 | 9 Nov 2026 | — |