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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