Central London
Average Rent in Waterloo & South Bank
The median asking rent for a 1-bedroom flat in Waterloo & South Bank is £2,750 pcm, from 173 listings first seen in the 90 days to 17 October 2026. Half of them asked between £2,400 and £3,500 pcm, 38% above the London median of £2,000.
Asking rents in Waterloo & South Bank by size
| Size | Median asking rent | Middle half of listings | Listings |
|---|---|---|---|
| Studio | £3,100 pcm | £2,976 to £3,188 | 26 |
| 1-bed | £2,750 pcm | £2,400 to £3,500 | 173 |
| 2-bed | £3,275 pcm | £2,910 to £4,100 | 253 |
| 3-bed | £5,417 pcm | £3,850 to £7,100 | 77 |
| 4-bed | Fewer than 10 listings | ||
Rents are per calendar month. Updated 17 October 2026.
What this area covers
Waterloo & South Bank on this page combines the ONS electoral wards Waterloo & South Bank. It includes Waterloo, South Bank, Southbank.
Other Central London neighbourhoods
- Soho & Covent Garden · 1-bed £3,467
- Marylebone & Fitzrovia · 1-bed £3,077
- Mayfair & St James's · 1-bed £3,597
- Bloomsbury & King's Cross · 1-bed £2,800
- The City · 1-bed £2,750
- Clerkenwell & Farringdon · 1-bed £2,701
- Pimlico & Victoria · 1-bed £2,600
- Belgravia & Knightsbridge · 1-bed £3,575
- Borough & Bankside · 1-bed £2,488
Get new flats in Waterloo & South Bank by email
Pick your London neighbourhoods and budget once. RentReboot watches the property portals, letting agent websites, landlord-direct sites, flatshares and build-to-rent operators, and emails you the matching listings.
Set up London alertsQuestions about renting in Waterloo & South Bank
How much does a 1-bedroom flat cost to rent in Waterloo & South Bank?
The median asking rent for a 1-bedroom flat in Waterloo & South Bank is £2,750 pcm, from 173 listings first seen in the 90 days to 17 October 2026. Half of them asked between £2,400 and £3,500 pcm. That is 38% above the London median of £2,000.
How much does a 2-bedroom flat cost to rent in Waterloo & South Bank?
The median asking rent for a 2-bedroom flat in Waterloo & South Bank is £3,275 pcm, from 253 listings first seen in the 90 days to 17 October 2026. Half of them asked between £2,910 and £4,100 pcm. That is 24% above the London median of £2,650.
How much does a studio flat cost to rent in Waterloo & South Bank?
The median asking rent for a studio flat in Waterloo & South Bank is £3,100 pcm, from 26 listings first seen in the 90 days to 17 October 2026. Half of them asked between £2,976 and £3,188 pcm. That is 96% above the London median of £1,580.
How much does a 3-bedroom flat cost to rent in Waterloo & South Bank?
The median asking rent for a 3-bedroom flat in Waterloo & South Bank is £5,417 pcm, from 77 listings first seen in the 90 days to 17 October 2026. Half of them asked between £3,850 and £7,100 pcm. That is 63% above the London median of £3,321.
Which areas does Waterloo & South Bank cover on this page?
It combines these ONS electoral wards: Waterloo & South Bank. It includes places such as Waterloo, South Bank, Southbank.
Where do these numbers come from?
Asking rents, not agreed rents. Every whole-home London listing that RentReboot first saw in the 90 days to 17 October 2026, one listing per address (the newest wins, so a flat advertised on several sites counts once). Rooms in flatshares are excluded. A bedroom group with fewer than 10 listings is not shown. London listings often give a street but no flat number, so one address can stand for more than one flat on the same street.
How these numbers are made
Asking rents, not agreed rents. Every whole-home London listing that RentReboot first saw in the 90 days to 17 October 2026, one listing per address (the newest wins, so a flat advertised on several sites counts once). Rooms in flatshares are excluded. A bedroom group with fewer than 10 listings is not shown. London listings often give a street but no flat number, so one address can stand for more than one flat on the same street.
Looking at rooms too? See how much a room in London costs compared with a studio, by neighbourhood. On a fixed budget, see where in London you can rent a flat for £1,500. To compare by travel zone, see how much London rent drops with each Tube zone. Choosing between furnished and unfurnished? See how much more a furnished flat costs in London. For floor area, see how big the average London flat is and its rent per square foot.
Rules on deposits, fees and rent increases for England are on GOV.UK: Your rights as a tenant. Our guides explain what changed on 1 May 2026, deposits and fees and renting a room in a flatshare.