marketcodeAsking rent
£4,238 a month 12 months to Jul 2026
15,970 lets
Local authority
City of Westminster rental market
Asking rent £4,238 a month · Gross yield 4.4% · 12 months, listings to Aug 2026
What does City of Westminster earn?
City of Westminster: asking rent £4,238 a month (12 months to Jul 2026, 15,970 lets).
Gross yield, asking basis
4.4% 12 months to Aug 2026
31,675 lets
+7.3% on the previous 12 months.
Sample is the dated lettings behind the latest month's rent cell.
Homes to rent
7,210 on 21 Sep 2026
How does City of Westminster vary by home size?
Asking rent in City of Westminster runs from £2,920 a month for 1 bedroom to £10,419 a month for 5+ bedrooms.
| Homes | Asking rent | Window | Change | Listings |
|---|---|---|---|---|
| 1 bedroom | £2,920 a month | 12 months to Aug 2026 | +3.6% on the previous 12 months | 10107 |
| 2 bedrooms | £4,002 a month | 12 months to Aug 2026 | -1.7% on the previous 12 months | 10205 |
| 3 bedrooms | £6,327 a month | 12 months to Aug 2026 | +2.8% on the previous 12 months | 6079 |
| 4 bedrooms | £9,838 a month | 12 months to Aug 2026 | +7.1% on the previous 12 months | 1477 |
| 5+ bedrooms | £10,419 a month | 12 months to Aug 2026 | -0.4% on the previous 12 months | 767 |
Asking rent per calendar month by bedroom band: the monthly medians of lettings that came to market, weighted by their dated listings, over the last 12 observed months, from portal listings. A band with fewer than 30 dated listings in the year is not published.
Who owns City of Westminster?
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.
- Corporate landlords52% of classified · 3,455 units
- Individuals (not traceable in bulk)31% of classified · 2,067 units
- Housing associations8.9% of classified · 592 units
- RMC7.5% of classified · 495 units
- Offshore companies0.2% of classified · 10 units
- RTM0.0% of classified · 1 units
Freeholder class per addressable unit, from HM Land Registry CCOD/OCOD matched to the title and Companies House. Individuals are counted, never itemised.
Where does City of Westminster rank?
City of Westminster ranks 2nd of 33 local authorities in London for asking rent, at £4,238 a month.
Asking rent · local authorities in London
City of Westminster ranks 2nd of 33 local authorities in London for asking rent, at £4,238 a month.
| # | Area | Asking rent | Sample | Tier |
|---|---|---|---|---|
| 1 | Kensington and Chelsea | £4,378 a month | 9,587 | measured |
| 2 | City of Westminster | £4,238 a month | 15,970 | measured |
| 3 | Camden | £3,555 a month | 6,348 | measured |
| 4 | City and County of the City of London | £3,222 a month | 677 | measured |
| 5 | Wandsworth | £3,136 a month | 16,270 | measured |
Full table: asking rent across local authorities in London →
Gross yield, asking basis · local authorities in London
City of Westminster ranks 23rd of 33 local authorities in London for gross yield, asking basis, at 4.4%.
| # | Area | Gross yield, asking basis | Sample | Tier |
|---|---|---|---|---|
| 1 | Newham | 6.4% | 15,165 | measured |
| 2 | Tower Hamlets | 6.3% | 37,624 | measured |
| 3 | Southwark | 6.0% | 22,986 | measured |
| 4 | Wandsworth | 5.8% | 34,359 | measured |
| 5 | Barking and Dagenham | 5.8% | 5,982 | measured |
| 23 | City of Westminster | 4.4% | 31,675 | measured |
Full table: gross yield, asking basis across local authorities in London →
Asking rent · postcode districts within City of Westminster
W1K leads the 24 postcode districts within City of Westminster for asking rent, at £17,624 a month.
| # | Area | Asking rent | Sample | Tier |
|---|---|---|---|---|
| 1 | W1K | £17,624 a month | 343 | measured |
| 2 | SW1A | £12,875 a month | 31 | indicative |
| 3 | W1S | £7,539 a month | 69 | indicative |
| 4 | W1G | £7,489 a month | 173 | measured |
| 5 | W1B | £6,441 a month | 64 | indicative |
Full table: asking rent across postcode districts within City of Westminster →
Gross yield, asking basis · postcode districts within City of Westminster
W2 leads the 24 postcode districts within City of Westminster for gross yield, asking basis, at 5.1%.
| # | Area | Gross yield, asking basis | Sample | Tier |
|---|---|---|---|---|
| 1 | W2 | 5.1% | 8,273 | measured |
| 2 | W9 | 4.7% | 2,965 | measured |
| 3 | SW1P | 4.6% | 1,728 | measured |
| 4 | NW8 | 4.6% | 5,166 | measured |
| 5 | SW1Y | 4.6% | 310 | measured |
Full table: gross yield, asking basis across postcode districts within City of Westminster →
Where next from City of Westminster?
- LondonThe wider market this area sits in.
- NW8Postcode district · £16,172/m²
- SW1APostcode district · £112,150/m²
- SW1EPostcode district · £14,894/m²
- SW1HPostcode district · £12,950/m²
- SW1PPostcode district · £18,643/m²
- SW1VPostcode district · £12,525/m²
- SW1WPostcode district · £18,312/m²
- SW1YPostcode district · £39,197/m²
- W1BPostcode district · £10,553/m²
- W1CPostcode district
- W1DPostcode district · £13,298/m²
- W1FPostcode district · £40,627/m²
- Barking and DagenhamNeighbouring local authority · £5,029/m²
- BarnetNeighbouring local authority · £6,931/m²
- BexleyNeighbouring local authority · £4,988/m²
- BrentNeighbouring local authority · £6,544/m²
- BromleyNeighbouring local authority · £6,298/m²
- CamdenNeighbouring local authority · £10,585/m²
- City and County of the City of LondonNeighbouring local authority · £13,295/m²
- CroydonNeighbouring local authority · £4,870/m²
Questions about City of Westminster
- What is the average rent in City of Westminster?
- Homes to let in City of Westminster asked a median £4,238 a month over the 12 months to Jul 2026, 15,970 lets. Asking rent, not the rent agreed.
- What is the gross rental yield in City of Westminster?
- 4.4% on the asking basis: the asking rent times twelve over the asking sale price in the same listing cell, before costs, voids and finance, over the 12 months to Aug 2026, 31,675 lets. +7.3% on the previous 12 months.
Everything else about City of Westminster
- Properties in City of WestminsterEvery addressable home with its floor area, tenure and last recorded sale.
- Buildings in City of WestminsterFootprints, heights and the units inside them.
- Land and plots in City of WestminsterRegistered parcels with their area, tenure and what stands on them.
- Homes for sale in City of WestminsterWhat is on the market right now, with the evidence beside each asking price.
- Homes to rent in City of WestminsterWhat is available to rent, with the recorded rent and yield beside each asking price.
- Recent house sales in City of WestminsterRegistered completions from Price Paid, newest first.
- Planning applications in City of WestminsterWhat was proposed, who decided it and whether it was approved.
- Estate agents active in City of WestminsterWho actually lists here, ranked by volume over 12 months.
Where these figures come from
| Figure | Dataset | Window | Latest | Sample |
|---|---|---|---|---|
| Asking rent | MarketCode market evidence | 12 months to Jul 2026 | Jul 2026 | 15,970 lets |
| Gross yield, asking basis | MarketCode market evidence | 12 months to Aug 2026 | Aug 2026 | 31,675 lets |
| Homes to rent | portal listings; observed forwards from 5 Sep 2026 | on 21 Sep 2026 | 21 Sep 2026 | — |