Rent, price and yield by property type
| Type | Average rent | Average price | Gross yield |
|---|---|---|---|
| Flat | £1,931 | £405,123 | 5.7% |
| Terraced | £2,462 | £686,591 | 4.3% |
| Semi-detached | £2,967 | £954,064 | 3.7% |
| Detached | £2,921 | £2,338,085 | 1.5% |
In Merton, flats give the highest gross yield, at 5.7%. Gross yield is a year's rent divided by the price, before costs. Averages cover every home and tenancy, so a real purchase can differ: run the figures for a specific property in the rental yield calculator.
How Merton compares in London
Merton ranks 13 of 32 for average rent in London, and 20 of 32 for gross yield. The areas either side of it on rent:
| Area | Average rent | Rents, 1 yr | Gross yield |
|---|---|---|---|
| Richmond upon Thames | £2,333 | +4.4% | 3.5% |
| Haringey | £2,219 | +1.4% | 4.2% |
| Merton | £2,172 | +5.4% | 4.2% |
| Ealing | £2,109 | +3.0% | 4.3% |
| Brent | £2,014 | +3.4% | 4.4% |
See average rents for every area with a page, or every council area in the yield finder.
Letting in Merton
- Is my rent too low? Compare your rent with the Merton average for your number of bedrooms.
- Do I need a landlord licence in Merton?
- When can I raise the rent? Rent rises now follow the Section 13 process, once a year.
- Landlord compliance checklist: every check a let needs.
Questions landlords ask
What is the average rent in Merton?
£2,172 a month across all private rented homes in August 2026, according to the ONS. That's +5.4% on a year earlier, and 7% below the London average of £2,332.
What is the average rent for a 2-bedroom home in Merton?
£2,024 a month in August 2026, against £2,232 across London. A 1-bedroom home averages £1,639 and a 3-bedroom home £2,407.
Is Merton good for buy-to-let?
The average gross yield in Merton is 4.2%, ranking 20 of 32 areas in London. Flats yield the most, at 5.7%. Yields are lower where prices are high, so check the numbers on a real property before you buy.
Sources
Figures are averages for all private rented homes, including existing tenancies, so rents for new lets are usually higher. Updated monthly.