Rent, price and yield by property type
| Type | Average rent | Average price | Gross yield |
|---|---|---|---|
| Flat | £2,957 | £775,956 | 4.6% |
| Terraced | £3,810 | £1,616,250 | 2.8% |
| Semi-detached | £2,921 | £2,760,923 | 1.3% |
| Detached | £2,908 | £3,892,403 | 0.9% |
In Westminster, flats give the highest gross yield, at 4.6%. 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 Westminster compares in London
Westminster ranks 2 of 32 for average rent in London, and 17 of 32 for gross yield. The areas either side of it on rent:
| Area | Average rent | Rents, 1 yr | Gross yield |
|---|---|---|---|
| Kensington and Chelsea | £3,690 | +2.1% | 3.6% |
| Westminster | £3,196 | -0.6% | 4.4% |
| Islington | £2,868 | +6.2% | 5.1% |
| Hammersmith and Fulham | £2,825 | +3.3% | 4.6% |
See average rents for every area with a page, or every council area in the yield finder.
Letting in Westminster
- Is my rent too low? Compare your rent with the Westminster average for your number of bedrooms.
- Do I need a landlord licence in Westminster?
- 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 Westminster?
£3,196 a month across all private rented homes in August 2026, according to the ONS. That's -0.6% on a year earlier, and 37% above the London average of £2,332.
What is the average rent for a 2-bedroom home in Westminster?
£3,305 a month in August 2026, against £2,232 across London. A 1-bedroom home averages £2,548 and a 3-bedroom home £3,895.
Is Westminster good for buy-to-let?
The average gross yield in Westminster is 4.4%, ranking 17 of 32 areas in London. Flats yield the most, at 4.6%. 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.