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 regionAverage cost per person per bedroom  Most cost effective rental property (no of bedrooms)
North1 Bed2 Beds3 Beds4 Beds
Barnet £1,174.33 £835.82 £842.29 £830.454
Enfield £961.00 £691.76 £648.82 £521.844
Haringey £1,272.08 £910.72 £847.42 £927.843
East
Barking and Dagenham £1,008.75 £612.47 £474.61 £425.004
Bexley £758.20 £560.41 £450.38 £408.384
Greenwich £1,148.15 £793.26 £665.35 £638.394
Hackney £1,575.92 £1,068.69 £949.76 £700.514
Havering £854.06 £597.71 £462.79 £471.113
Lewisham £1,031.97 £702.67 £577.32 £501.734
Newham £1,281.26 £816.88 £625.47 £526.724
Redbridge £999.58 £683.40 £582.28 £523.984
Tower Hamlets £1,678.08 £1,183.81 £1,165.32 £884.774
Waltham Forest £1,100.61 £702.05 £549.31 £478.524
South
Bromley £935.81 £655.11 £535.28 £563.613
Croydon £877.81 £623.19 £519.39 £508.414
Kingston upon Thames £1,099.15 £740.65 £648.55 £627.404
Merton £1,251.29 £854.17 £750.75 £883.433
Sutton £897.89 £611.98 £551.73 £560.093
Wandsworth £1,507.67 £1,051.18 £1,044.39 £975.574
West
Brent £1,207.28 £805.60 £693.87 £617.064
Ealing £1,222.47 £884.56 £719.24 £746.223
Hammersmith and Fulham £2,001.25 £1,485.83 £1,349.78 £1,457.833
Harrow £1,064.08 £690.53 £562.51 £543.484
Hillingdon £962.45 £639.90 £498.44 £510.313
Hounslow £1,230.88 £836.20 £674.10 £801.433
Richmond upon Thames £1,517.73 £970.63 £956.21 £1,067.853
Central
Camden £1,944.28 £1,471.05 £1,614.44 £1,911.652
Kensington and Chelsea £2,759.03 £2,068.36 £2,969.02 £3,271.342
Islington £1,716.96 £1,164.90 £1,094.33 £895.854
Southwark £1,715.39 £1,158.93 £1,348.99 £985.074
Westminster £2,915.22 £2,167.34 £2,594.34 £2,869.392
Lambeth £1,616.82 £1,128.41 £1,318.46 £961.214

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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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