Cost of living in the capital: Average monthly rents continue to rise in London
In some parts of London, tenants are paying as much as £500 more per month as the cost of living crisis continues.
Rents across London are rising to record highs each month, with the average monthly cost of a room now topping £1,000 per month in 44 out of 117 postcodes.
But, as The Standard reports, in five of the capital’s postcodes these increases have been even more punishing than the rest — with the average monthly cost of renting a room soaring by a third or more in just a year.
The latest data from SpareRoom showed that house sharers in these postcodes are paying hundreds of pounds extra a month than they were the previous year.