City of London
Borough · London · United Kingdom
The historic Square Mile and financial district: offices, livery halls and churches, with few homes outside the Barbican and a handful of riverside blocks. Busy on weekdays, very quiet at weekends.
Overview
Good for
Walking to work in the City; the Barbican arts centreWatch out for
Few homes, very high rents and almost no everyday shops at weekendsNeighborhoods
Rent
The median monthly rent of a two-bedroom home in City of London was £3,100 in 2025/26, 52% above the London average. It is the 3rd most expensive of 33 boroughs.
| Home size | Median rent / month |
|---|---|
| Studio | £1,850 |
| 1 bedroom | £2,500 |
| 2 bedrooms | £3,100 |
Median monthly rent of two-bedroom homes let privately, as recorded by Rent Officers (ONS). Rents vary a lot by street and building, and ONS advises caution when comparing areas because the sample is not random. Source: ONS – Private rental market in London, April 2025 to March 2026.
Rent by postcode district in City of London
Median monthly rent recorded in each postcode district (ONS). Districts are placed in the borough that contains their centre and often spill into neighbouring boroughs; small samples make these figures rougher than the borough ones.
| District | Includes (wards) | 1 bedroom | 2 bedrooms |
|---|---|---|---|
| EC2Y | Aldersgate, Bassishaw, Bunhill, Clerkenwell, Coleman Street, Cripplegate | £2,629 | £3,098 |
| EC3R | Billingsgate, Bridge, Candlewick, Clerkenwell, Tower | £3,000 | – |
| EC4A | Castle Baynard, Clerkenwell, Farringdon Within, Farringdon Without, St James's | – | £3,000 |
| EC4V | Bread Street, Castle Baynard, Clerkenwell, Farringdon Within, Queenhithe, Vintry | £2,350 | £3,200 |
| EC4Y | Castle Baynard, Clerkenwell, Farringdon Without, St James's | – | £3,150 |
- 1,550–1,700
- 1,700–1,800
- 1,800–2,000
- 2,000–2,350
- 2,350–3,563
Who lives here
| City of London | London | |
|---|---|---|
| Population | 8,580 | 8,799,725 |
| One-person households | 51.0% | 29.3% |
| Children under 15 | 6.4% | 18.1% |
| Aged 15–24 | 13.8% | 12.3% |
| Aged 65 and over | 14.1% | 11.9% |
| Social housing rentals | 14.9% | 23.1% |
| Private rentals | 48.3% | 30.0% |
| Owner-occupied homes | 36.8% | 46.8% |
Source: ONS – Census 2021 (Nomis: TS007A, TS054, TS003) (2021).
Where it ranks
Similar areas in London
similar rent and residents
- Westminster · £3,300
- Kensington and Chelsea · £3,563
- Camden · £2,650
- Islington · £2,650
Getting around
- Tube: Bank, Liverpool Street, Moorgate, Barbican; Elizabeth line
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