Did you know about the cheapest areas to rent in London? London is one of the greatest cities in the world in terms of attractions, history, double-decker buses, fun streets, and much more.
Earlier known as Londinium, this city was founded by the Romans, who ruled till the 5th century AD. Until the 3rd century, the population of London city was as little as 50,000.
One of the reasons behind London’s rapid growth was its port, which became crucial for exchanging goods. Today, London is one of the busiest yet most fantastic cities in the world.
Due to its popularity and significant happenings, renting an affordable place in London is tricky. However, research has been done to assist you in renting a worthy place in the city.
Let us now talk about the cheapest areas to rent in London.
12 Cheapest Areas to Rent in London
1. Bexley
Bexley itself has a population of around 250,000 in 2021. This area, in particular, has the greenest spaces in the city.
Located in South-East London, Bexley is undoubtedly amongst the cheapest areas to rent in London. Due to its affordable rent, Bexley is becoming a famous and great place to reside.
The average rent for a two-bedroom can be £1,601 PCM. Bexley is rated right on top of London’s cheapest areas to rent.
It is one of the most spacious areas in the city where you can freely take a walk along with the garden and get residential vibes.
On top of that, the travel time to central London is no more than 40 minutes from Bexley. You might consider living here if you are in a group.
2. Harrow
Harrow is a North-West London borough that is suitable for most families. People fall in love with the kind of familial vibes this place offers.
You can rent a two-bedroom flat for an average of £1,975/month. Enough transportation facilities are running between central London and Harrow.
Not to forget, Harrow was rated one of the safest places to live in London not long ago. It is pretty popular among people due to its safety.
Other than these, Harrow is famous for its Harrow School For Boys and fancy shopping centres. As of 2021, the population of Harrow was 261,300.
3. Waltham Forest
Located in North East London, Waltham Forest is a historical place in the city. It is yet another area where there are ample green spaces. This city is full of greenery!
This London Borough is put together of Walthamstow, Leyton, and Chingford. This place attracts many due to its affordable rent, convenient transport, and homely vibes.
The area has several stores and restaurants, so you need not worry about travelling to the ends of the city for essentials.
The average rent for a two-bedroom property would cost around £2,069/month. There would only be a considerable increase if you went for a three-bedroom flat.
Getting to central London from Walthamstow Central would take up to 30 minutes.
4. Newham
Newham is yet another historical borough in the city that offers cheap rent. This place was established by West Ham and East Ham, thus giving it the name Newham.
Sadly, over the years, the crime rate in this place has gone up shambolically. However, efforts are being made to alleviate the situation.
Newham is a diverse place where living is fun for those exploring different cultural practices. Newham is a great place if you are looking for some crucial saves. You can get a two-bedroom flat for an average of £2,064/month. Isn’t that exciting?
This place in East London is some 8 miles away from Central London.
5. Lewisham
Lewisham is located in the city’s South and is among London’s cheapest areas to rent. If you think Bexley is a bit far away for your convenience, you might consider Lewisham a potential option.
Transportation is comparatively convenient and quite feasible from this place. Central London is not further than 20-25 minutes from Lewisham.
This cosmopolitan area belongs to the historic county and has multiple communities.
The average rent to stay in Lewisham for a two-bedroom flat is around £2,021. Although it is costlier than it used to be, the experience of living in this place is just elite!
There are also spaces for cyclists to exercise their skills and enjoy the beauty of nature.
6. Croydon
Croydon is in South London as well! This place is mainly known for its attractions and lively nightlife.
Along with markets and breweries, the excellent transport links and economic rents are some of the plus points of Croydon. Would you believe it if I said Croydon is the cheapest place to rent near the London Bridge? This area is roughly 20 minutes from the iconic bridge in the city’s heart.
The average rental price for a two-bedroom is £1,896 per month, which is amazingly reasonable and satisfactory. You will find several restaurants and bars in period buildings located in the area. Apart from these, there are top educational institutions in Croydon.
Croydon is right if you want the cheapest areas to rent in London with family and kids.
7. Enfield Town
Enfield is in North London and is another fascinating place with ample green spaces and affordable house prices.
Enfield Town is approximately 35 minutes away from Liverpool. And if you want to commute to Hackney Central, it is only 15-20 minutes away. Here, the average cost of a two-bedroom flat is £1,927/month, which is quite a good deal.
Enfield is recognized as one of the 35 considerable centres in Greater London. Over the years, it has become a family-friendly area due to the hard work being done in the right direction by the right people.
Moreover, the schools located in Enfield are rated relatively high. With family and kids, Enfield should be on your list of cheapest areas to rent in London.
8. Barking and Dagenham
Barking and Dagenham is another one on the list of—cheapest areas to rent in London. It is in East London, and the transportation is as easy as possible.
This area is considered comparatively reasonable regarding rent to other parts of the city. Also, this borough is growing faster than ever, which excites people to live there.
The average rent at Barking and Dagenham for two bedrooms can be £2,148/month.
Like other boroughs, Barking and Dagenham have good-quality schools and educational places. Other than these, there are good cafes and libraries to spend time at. To get to central London, you must travel some 13 miles.
9. Havering
Havering is far from the centre, but the rental price is reasonable. Regarding safety, Havering was rated amongst London’s top ten safest boroughs. So, your family is relatively safe here.
Havering is a historic place in East London and has an area of 40 square miles. This place is full of life due to the events, concerts and other entertainment shows.
Here, you can get a two-bedroom flat for £1150/month. This is the starting price. It may go up according to the area and requirements.
Even though this place is lively, you will find enough peace here. There are suitable green spaces and independent shops at fair distances. Being the farthest borough, Havering is around 40 minutes away from central London.
10. Bromley
Bromley is in South-East London and is one of the sheltered places in the city. Also, it is undoubtedly one of the cheapest areas to rent in London.
It is pretty convenient to use the train to reach here. The two zones under Bromley are Bromley South (Zone 5) and Bromley North (Zone 4). Zone 5 passes through London Victoria.
Crystal Palace is one of the most popular stations nearby. There are others that you can explore and use at your convenience.
Since the area is well-guarded, the crime rate is near zero. The area is very friendly for families with kids, newlywed couples, and even young professionals seeking to administer themselves in the market.
The average rent in this area is £1,812/month. As mentioned, this area is just 15 minutes away from London Victoria.
Moreover, there are plenty of familial attractions in the surroundings. You can hang out with your family and loved ones to explore the beauty of this place, which is all safe and protected by the county police.
In recent years, Bromley has prominently become everyone’s favourite destination. This prosperous place has provided residents with every requirement and more.
11. Greenwich
Greenwich is one of the finest areas in London, and living here brings nothing but joy! It is located by the South Bank of the River Thames, which makes the place all the more gorgeous. Also, the place has a rich history, motivating people to move here.
The average rental price for a two-bedroom is £2,212/month, which is a bargain if you reside in a beautiful locality. Modern London is known for green spaces. And this place strictly provides you the same with a pure vibe.
The Royal Observatory (The place where the idea of global time was processed) and The National Maritime Museum are two of the most fantastic attractions in Greenwich—you should not miss out on these.
The distance between Greenwich and Central London can be covered in half an hour. The University of Greenwich is quite famous among students, which is also why Greenwich has an increasing number of people shifting from other parts of the city.
12. Sutton
Sutton sits in South West London. It is a place which attracts all kinds of people, especially ones with families.
Like other areas, Sutton also has ample green spaces for you. This is where you can get homely vibes due to the tranquil and friendly atmosphere.
Sutton is safe, incredible, affordable, and very much wholesome. The average rent for two bedrooms is £1,842/month. Considering the beauty of this area, the rent is a bargain.
Although Sutton is 40-45 minutes from central London, it is worth the hype. There are good quality schools and open spaces for children to play their hearts out.
You would not regret getting a flat on rent in this area. Sutton has been rated among the top 5 safest boroughs in London.
What does an individual want in today’s times? A stable life with a regular income and peace within and in the surroundings. Well, Sutton delivers everything.
Final Note
These are some of the cheapest areas to rent in London, England. Although our expenditures are ever increasing, it is always a good idea to try to make some savings.
In addition to the ones mentioned, there are several other places in and around London where you can rent a place at an affordable price. Renting a place near your workplace or institution is understandable as daily travelling can get hectic.
Suppose you have a family and want to rent flats near good schools for your kids. Getting a two-bedroom flat with more space than usual is not that difficult.
You can save a lot of money with reasonable rent in affordable areas. Choose the right one for yourself. London will not disappoint.
Last Updated on December 11, 2023 by Apeksha Soni
