What is the average rent in Penge?

The average asking rent in Penge is currently £1,950 pcm, with a median rent of £1,630 pcm. There are 223 properties currently to rent, of which 42 were listed in the last 14 days.

How long does it take to let a property in Penge?

Rental properties in Penge spend an average of 236 days on the market (median 40 days). Time on market varies by property type and rent range.

Rental Prices in Penge

Live asking rents — data to 18 October 2026, updated daily

Properties to Rent

223

42 new in last 14 days

Average Rent

£1,950 pcm

Median £1,630 pcm

Avg. Time on Market

236 days

Median 40 days

Rent Range

£753 to £3,190

Middle 90% of asking rents pcm

Rent Trends Time on Market

Market Breakdown

Data to: 18 October 2026

Properties by Rent

Distribution of asking rents in Penge

Properties by Type

What's on the rental market in Penge

Properties by Bedrooms

Bedroom count distribution in Penge

Time on Market

How long properties have been listed in Penge

Rents by Property Type in Penge

Type	Count	Avg. Rent	Median	Avg. Days
Flat	123	£1,621 pcm	£1,550 pcm	205
Terraced	2	£2,050 pcm	£2,050 pcm	274
Detached	1	£1,833 pcm	£1,833 pcm	754

Rents by Bedrooms in Penge

Bedrooms	Count	Avg. Rent	Median	Avg. Days
1 Bed	80	£1,426 pcm	£1,400 pcm	224
2 Bed	68	£1,833 pcm	£1,800 pcm	211
3 Bed	19	£2,328 pcm	£2,300 pcm	117
4 Bed	11	£2,841 pcm	£2,600 pcm	92
5+ Bed	2	£3,525 pcm	£3,525 pcm	358

Properties by Rent Range in Penge

Rent Range	Count	Avg. Days on Market	Share
Under £250 pcm	9	719	4%
£250 – £500 pcm	2	546	1%
£500 – £1,000 pcm	10	311	4%
£1,000 – £2,000 pcm	140	204	63%
£2,000 – £5,000 pcm	60	209	27%
Over £5,000 pcm	2	373	1%

Properties by Time on Market in Penge

Duration	Count	Share
Less than 1 month	89	40%
1 – 2 months	47	21%
2 – 3 months	17	8%
3 – 4 months	12	5%
4 – 6 months	6	3%
6 – 9 months	5	2%
9 – 12 months	4	2%
12 – 18 months	15	7%
Over 18 months	28	13%