What is the average rent in Penge?

The average asking rent in Penge is currently £1,947 pcm, with a median rent of £1,615 pcm. There are 224 properties currently to rent, of which 41 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 234 days on the market (median 39 days). Time on market varies by property type and rent range.

Rental Prices in Penge

Live asking rents — data to 17 October 2026, updated daily

Properties to Rent

224

41 new in last 14 days

Average Rent

£1,947 pcm

Median £1,615 pcm

Avg. Time on Market

234 days

Median 39 days

Rent Range

£754 to £3,185

Middle 90% of asking rents pcm

Rent Trends Time on Market

Market Breakdown

Data to: 17 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	122	£1,633 pcm	£1,563 pcm	206
Terraced	2	£2,050 pcm	£2,050 pcm	273
Detached	1	£1,833 pcm	£1,833 pcm	753

Rents by Bedrooms in Penge

Bedrooms	Count	Avg. Rent	Median	Avg. Days
1 Bed	81	£1,424 pcm	£1,400 pcm	222
2 Bed	68	£1,833 pcm	£1,800 pcm	210
3 Bed	19	£2,328 pcm	£2,300 pcm	116
4 Bed	11	£2,841 pcm	£2,600 pcm	91
5+ Bed	2	£3,525 pcm	£3,525 pcm	357

Properties by Rent Range in Penge

Rent Range	Count	Avg. Days on Market	Share
Under £250 pcm	9	718	4%
£250 – £500 pcm	2	545	1%
£500 – £1,000 pcm	10	310	4%
£1,000 – £2,000 pcm	141	203	63%
£2,000 – £5,000 pcm	60	208	27%
Over £5,000 pcm	2	372	1%

Properties by Time on Market in Penge

Duration	Count	Share
Less than 1 month	95	42%
1 – 2 months	44	20%
2 – 3 months	14	6%
3 – 4 months	13	6%
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%