"Rents have risen dramatically across the country in recent years, fuelled by dwindling supply of rental stock and soaring demand from tenants"
- Oli Sherlock - Goodlord
Rents for properties near stations on the Elizabeth Line have increased by nearly a third since the route opened in May 2022, with some areas seeing jumps of up to 80%.
According to new data from Goodlord, average rental prices for homes near the line’s 32 stations have risen by 31% over the past three years. The analysis reviewed more than 80,000 tenancies, comparing average rents from the year leading up to the opening of the line (June 2021–May 2022) with those recorded from June 2024 to April 2025.
In Whitechapel, rents are now 73% higher than they were three years ago. Tenants in Woolwich are paying 40% more on average.
The rise exceeds the broader trend across Greater London, where average rents have grown by 25% over the same period. Goodlord’s Monthly Rental Index shows the average rental price in the capital has increased from £1,674 to £2,088.
Central hotspots feel the pressure
Several central London locations have seen particularly steep rent increases.
Between Tottenham Court Road and Bond Street, average rents have climbed by 80%. Homes with W1F postcodes were renting for £2,448 before the line opened; now they command £4,402.
Whitechapel has seen average monthly rents rise from £1,699 to £2,940, a 73% jump. Meanwhile, in Canary Wharf, prices have increased by 27%, rising from £1,956 to £2,489.
Outer boroughs see sharp increases
Areas outside central London but along the Elizabeth Line have not been spared.
In East London, average rents near Maryland and Stratford stations are up 29%, from £1,681 to £2,163. Acton Main Line has seen a 28% rise, with average prices climbing from £1,600 to £2,040.
Woolwich, often cited as an emerging rental hotspot, has seen rents rise by 40%, from £1,307 to £1,833. Abbey Wood has experienced a 50% increase, with monthly costs jumping from £1,157 to £1,738.
Rent growth spreads beyond the capital
Rental increases extend to towns connected to the Elizabeth Line outside Greater London.
Near Brentwood station, rents have increased by 33%, rising from £1,411 to £1,873. Slough has seen a 27% rise, with costs going from £1,033 to £1,314. In Reading, the average rent has gone up 21%, from £1,089 to £1,313.
Shenfield, another commuter town on the line, has experienced a 19% rise in average rental prices, from £1,524 to £1,819.
Among the 32 stations analysed, only one saw a drop in average rent. West Ealing recorded a 10% decrease in rental prices, falling from £1,953 in 2022 to £1,754 this year.
“Rents have risen dramatically across the country in recent years, fuelled by dwindling supply of rental stock and soaring demand from tenants," said Oli Sherlock, managing director of insurance at Goodlord. "This is felt acutely in and around London, where tenants always pay a premium compared to the national rental average."
"That’s why, when new transport connections open up, there is always a surge of demand from renters looking to snap up cheaper rents in newly well-connected areas. However, as we can see from this Elizabeth Line data, this ‘station surge’ ultimately pushes rents up even faster, creating mini rental hot spots in and around Greater London.”
