Most affordable places to rent in London revealed

Bexley in South East London is the most affordable place to rent in London, according to new data.

Divided equally a four bed property costs £408.38 a month on average.

This is 35 per cent cheaper than the average cost of renting a room in London, which was found to be £629 per month according to the Government’s April 2017 – March 2018 Private Rental Market Summary Statistics.

Bexley station is situated in Travelcard zone 6 and is around 14 miles from London Charing Cross station – a journey time of 38 minutes while travelling on a Southeastern train.

A daily return journey costs up to £6.23, £62.30 for a weekly season ticket and £239.30 for a monthly season ticket.

This table below shows the cheapest scenarios in each area of London based on OnTheMarket.com data:

London boroughs by region Average cost per person per bedroom     Most cost effective rental property (no of bedrooms)
North 1 Bed 2 Beds 3 Beds 4 Beds
Barnet  £1,174.33  £835.82  £842.29  £830.45 4
Enfield  £961.00  £691.76  £648.82  £521.84 4
Haringey  £1,272.08  £910.72  £847.42  £927.84 3
East
Barking and Dagenham  £1,008.75  £612.47  £474.61  £425.00 4
Bexley  £758.20  £560.41  £450.38  £408.38 4
Greenwich  £1,148.15  £793.26  £665.35  £638.39 4
Hackney  £1,575.92  £1,068.69  £949.76  £700.51 4
Havering  £854.06  £597.71  £462.79  £471.11 3
Lewisham  £1,031.97  £702.67  £577.32  £501.73 4
Newham  £1,281.26  £816.88  £625.47  £526.72 4
Redbridge  £999.58  £683.40  £582.28  £523.98 4
Tower Hamlets  £1,678.08  £1,183.81  £1,165.32  £884.77 4
Waltham Forest  £1,100.61  £702.05  £549.31  £478.52 4
South
Bromley  £935.81  £655.11  £535.28  £563.61 3
Croydon  £877.81  £623.19  £519.39  £508.41 4
Kingston upon Thames  £1,099.15  £740.65  £648.55  £627.40 4
Merton  £1,251.29  £854.17  £750.75  £883.43 3
Sutton  £897.89  £611.98  £551.73  £560.09 3
Wandsworth  £1,507.67  £1,051.18  £1,044.39  £975.57 4
West
Brent  £1,207.28  £805.60  £693.87  £617.06 4
Ealing  £1,222.47  £884.56  £719.24  £746.22 3
Hammersmith and Fulham  £2,001.25  £1,485.83  £1,349.78  £1,457.83 3
Harrow  £1,064.08  £690.53  £562.51  £543.48 4
Hillingdon  £962.45  £639.90  £498.44  £510.31 3
Hounslow  £1,230.88  £836.20  £674.10  £801.43 3
Richmond upon Thames  £1,517.73  £970.63  £956.21  £1,067.85 3
Central
Camden  £1,944.28  £1,471.05  £1,614.44  £1,911.65 2
Kensington and Chelsea  £2,759.03  £2,068.36  £2,969.02  £3,271.34 2
Islington  £1,716.96  £1,164.90  £1,094.33  £895.85 4
Southwark  £1,715.39  £1,158.93  £1,348.99  £985.07 4
Westminster  £2,915.22  £2,167.34  £2,594.34  £2,869.39 2
Lambeth  £1,616.82  £1,128.41  £1,318.46  £961.21 4

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2 Responses

  1. Thank you for sharing the information relating to property rental prices. This is of great help to me and my wife as it gives us some great insight into what prices are around London it also saves us a lot of time searching the web

    Thank you

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