Dan Parker, the rental manager at the local branch of Savills says that most Islington renters are young professionals or couples in their late-20s and early-30s working in the City or the media.
“We used to see people renting straight out of university but the cost of renting a decent one-bedroom flat in Islington is now around £1,700 a month and is out of the reach of young people in their first jobs. There is also demand from foreign students whose rents are paid by their parents and we have noticed a recent influx of young French couples who like to be close to the Eurostar train service from St Pancras. The new flats that have been built recently along the canal and the canal basins are particularly popular and the strongest demand is for one-bedroom flats.”
Renting houses and flats in Islington
One-bedroom flat: £1,643 a month
Two-bedroom flat: £2,218 a month
Two-bedroom house: £2,596 a month
Three-bedroom house: £3,512 a month
Four-bedroom house: £4,311 a month
More on Islington
- Property area guide on Islington with average property prices, current houses and flats for sale, best streets, up-and-coming areas and commuting times.
- Local schools: Primary and secondary schools in Islington are judged either “good” or “outstanding” by Ofsted.
- New homes: There are a range of new developments in Islington including areas along the canal and the redevelopment of a large Edwardian Post Office sorting site.