In April 2018, The Mayor of London updated the benchmark London Affordable rents which set a new standard rent level across all London Boroughs aimed to be affordable to households on low incomes.
For new units being let for the first time in 2018/19 the rents are:
1 bed - £150.03
2 bed - £158.84
3 bed - £167.67
4 bed - £176.49
These new London Affordable rents are exclusive of the service charges. London Affordable rents differ from London Living rents which are set at 80% of market rent levels. For more information please click here.