What is the Cost to Rent in London

Last Updated: September 25, 2026
Bachelor Apartment
Inclusive: $1,399
Utilities Extra: $1,049
1-Bedroom Apartment
Inclusive: $1,462
Utilities Extra: $1,387
2-Bedroom Apartment
Inclusive: $1,849
Utilities Extra: $1,945
3-Bedroom Apt/House
Inclusive: $834
Utilities Extra: $851
4-Bedroom Apt/House
Inclusive: $730
Utilities Extra: $848
5-Bedroom House
Inclusive: $883
Utilities Extra: $862
6+ Bedroom House
Inclusive: $857
Utilities Extra: $902

Before choosing a rental, students should consider:

  • How much rent can be afforded based on income and expected expenses?
  • Are utilities, internet, heating or other services included?
  • Are there enough savings to cover upfront costs, such as a deposit?
  • Will a guarantor be required? A guarantor is someone who agrees to cover unpaid rent or damages if required.
  • If living with roommates, how will expenses and shared responsibilities be divided?
     

Questions to ask Before Signing a Lease

Committing to a rental property is a big decision and students should understand the terms of their agreement before signing a lease. The following questions can help students make an informed decision:

  1. What is the breakdown of the rent?
  2. Are there any additional fees or costs?
  3. What is the expected move-in date and is that flexible?
  4. What are acceptable payment methods?
  5. Are references or a guarantor required?
  6. Is the property pet-friendly?
  7. Are there guest policies or restrictions?
  8. What are the rules for decorating the property?
  9. Is subletting permitted?
  10. Is renter’s insurance required?
  11. What condition will the unit be in when the student moves in?
  12. Are there any improvements or renovations planned that could impact daily living?
  13. What is the length and timing of the lease agreement?

Other Off-Campus Resources

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Moving in and out

Practical resources to help students navigate the move-in and move-out process.

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Living in London

Key information on bylaws, neighbourhood resources and tenant rights.

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View of two people sitting at a table with pens and paper

Tools and Templates

Downloadable resources to help students navigate off-campus living, including roommate agreements, sublet agreements and more.