Search

Tower Hamlets is ‘one of the most expensive places to rent a home in England’

PUBLISHED: 08:00 16 June 2018

Tower Hamlets has some of the highest rental prices in England. Pic: PA

Tower Hamlets has some of the highest rental prices in England. Pic: PA

PA Wire/Press Association Images

If you’re a tenant looking for a home in Tower Hamlets we have bad news - figures claim the borough has some of the highest rents in England.

According to data from the Valuation Office Agency, the average monthly rent for a one-bedroom flat in Tower Hamlets, between April 2017 and March 2018, was £1,610.

This compares to a London average of £1,400 while across the country it is a mere £675.

If you’re after a three-bedroom flat or house you need to dig even deeper into your pockets with the average monthly rent at £2,167.

Dan Wilson Craw, director of pressure group Generation Rent, said: “Renters are in a bind. If they choose to live where there’s a strong jobs market they might see their pay packet gobbled up by high rents.

“If they live somewhere cheaper, either there’s a risk that it’s harder to find a stable job or they pay for it in higher commuting costs.”


If you value what this story gives you, please consider supporting the East London Advertiser. Click the link in the orange box above for details.

Most Read

Become a supporter

This newspaper has been a central part of community life for many years. Our industry faces testing times, which is why we're asking for your support. Every contribution will help us continue to produce local journalism that makes a measurable difference to our community.

Most Read

Latest from the East London Advertiser