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 145 listings first seen in the 90 days to 1 October 2026. Half of them asked between £2,500 and £3,900 pcm, 31% above the London median of £2,095.
Asking rents in Waterloo & South Bank by size
| Size | Median asking rent | Middle half of listings | Listings |
|---|---|---|---|
| Studio | £3,125 pcm | £2,992 to £3,200 | 20 |
| 1-bed | £2,750 pcm | £2,500 to £3,900 | 145 |
| 2-bed | £3,500 pcm | £2,950 to £4,203 | 196 |
| 3-bed | £5,458 pcm | £3,850 to £7,150 | 70 |
| 4-bed | Fewer than 10 listings | ||
Rents are per calendar month. Updated 1 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 £3,500
- Marylebone & Fitzrovia · 1-bed £3,055
- Mayfair & St James's · 1-bed £3,600
- Bloomsbury & King's Cross · 1-bed £2,816
- The City · 1-bed £2,750
- Clerkenwell & Farringdon · 1-bed £2,740
- Pimlico & Victoria · 1-bed £2,700
- Belgravia & Knightsbridge · 1-bed £3,575
- Borough & Bankside · 1-bed £2,500
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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 145 listings first seen in the 90 days to 1 October 2026. Half of them asked between £2,500 and £3,900 pcm. That is 31% above the London median of £2,095.
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 £3,500 pcm, from 196 listings first seen in the 90 days to 1 October 2026. Half of them asked between £2,950 and £4,203 pcm. That is 30% above the London median of £2,700.
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 £3,125 pcm, from 20 listings first seen in the 90 days to 1 October 2026. Half of them asked between £2,992 and £3,200 pcm. That is 98% above the London median of £1,582.
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 £5,458 pcm, from 70 listings first seen in the 90 days to 1 October 2026. Half of them asked between £3,850 and £7,150 pcm. That is 61% above the London median of £3,400.
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 1 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 1 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.
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.