If you are looking for a place or room to rent in London, you might be wondering which London boroughs and areas offer the best value for money.
London is known for being one of the most expensive cities in the world, but there are some areas that are more affordable than others.
We, therefore, list the cheapest London boroughs to rent based on data found via Google and Bing searches which we have compared and analysed, highlighting their pros and cons.
If you are looking for cheap accommodation in London to rent, you might be wondering where to search and which boroughs offer the best value for money.
5 Cheapest Areas to Rent in London
Disclaimer: the information provided in this post was correct at the time of publication, but may be subject to change.
1. Barking and Dagenham
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Whether you took your breakfast to another level with a waffle maker or made your carpet look brand new again with a cleaner – we’d love to hear about it & see your photos!
— Barking and Dagenham (@lbbdcouncil) May 12, 2023
Barking and Dagenham is the cheapest borough to rent in London, with an average monthly rent of £442 per person. The average rent for a 3-bedroom flat in Barking and Dagenham is £1,326 per month.
Barking and Dagenham is in east London and is one of the most affordable boroughs in the city. It has some regeneration projects underway, such as Barking Riverside and Beam Park, which aim to create new homes, jobs, and amenities. Barking and Dagenham have access to the District line and the c2c railway line. This London borough also has a lot of potential for regeneration and development, with plans for new homes, schools, shops, and parks. It has a strong sense of community and identity, with many local festivals and events, such as the Barking Folk Festival and the Dagenham Town Show.
However, Barking and Dagenham also have some challenges with poverty, low-income levels, high unemployment rates, social cohesion, and a lack of cultural diversity, which may affect the well-being of some residents.
Council Link: https://www.lbbd.gov.uk/housing
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— Havering Council (@LBofHavering) May 15, 2023
Havering is the second cheapest borough to rent in London, with an average monthly rent of £450 per person. The average rent for a 4-bedroom house in Havering is £2,316 per month.
Havering is situated in east London and borders Essex. It has a mix of urban and rural areas, with attractions such as Hornchurch Country Park and Rainham Marshes. Havering has access to the London Underground via the District line and the c2c railway line. Havering also has a lot of open countryside, such as Hornchurch Country Park, and a variety of shopping and leisure facilities, such as Romford Market and Queen’s Theatre.
However, Havering is quite far from central London and may not have the same cultural diversity and nightlife as other boroughs. It also has some disadvantages, such as a long commute time to central London, a lack of diversity and culture, and a higher level of pollution than other boroughs.
Council Link: https://www.havering.gov.uk/info/20001/housing
— Your Croydon (@yourcroydon) May 17, 2023
Croydon is the third cheapest borough to rent in London, with an average monthly rent of £533 per person. The average rent for a 2-bedroom flat in Croydon is £1,211 per month. Croydon is in south London and is one of the largest commercial and retail centres in the city. It has a vibrant arts and music scene, with venues such as Boxpark Croydon and The BRIT School.
Croydon has excellent transport links to central London via the Southern railway line and the Tramlink network. It also has a vibrant and diverse community, with a lot of art and music events, such as the Croydon Music City Festival and the Fairfield Halls. Croydon also has a reputation for being a hub for innovation and business, with many start-ups and tech companies based there.
However, Croydon also has some issues with crime, congestion, a high level of poverty and deprivation, a low satisfaction rate among residents, a negative image among outsiders, and pollution, which may affect the quality of life for some residents.
Council Link: https://www.croydon.gov.uk/housing
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— London Borough of Bexley (@LBofBexley) May 15, 2023
The average rent in Bexley is £570.50 per person each month and the average rent for a 1-bedroom flat in Bexley is £966 per month. With that Bexley stands out from its neighbouring boroughs as it offers lower rental prices than other nearby areas, such as Bromley, Greenwich, and Lewisham.
Bexley is in south-east London and has good transport links to central London and Kent. It also has plenty of green spaces, such as Danson Park and Hall Place Gardens and Hall Place Gardens, and a range of cultural attractions, such as the Red House and the Erith Playhouse.
However, some parts of Bexley are not very well connected and may require a car or a bus to get around. Bexley also has some drawbacks, such as a high crime rate, a lack of nightlife and entertainment options, and a lower quality of education compared to other boroughs.
Council Link: https://www.bexley.gov.uk/services/housing
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Yoga aims to relieve anxiety, de-stress & calm the mind, increase cognitive function, concentration & give you more energy.
— Redbridge Council (@RedbridgeLive) May 17, 2023
Redbridge is the fifth cheapest borough to rent in London, with an average monthly rent of £600 per person. The average rent for a 3-bedroom house in Redbridge is £1,833 per month. Redbridge is situated in north-east London and has a diverse population and culture. It has many parks and forests, such as Valentines Park, Hainault Forest Country Park, and Epping Forest. However, Redbridge is also quite far from central London and may not have the best public transport options for some commuters.
Redbridge is in north-east London and has access to the Central line and the TfL Rail service. Redbridge also has a lot of natural beauty, such as Epping Forest and Hainault Forest Country Park, and a range of cultural and historical attractions, such as Valentines Mansion and Gardens and Ilford War Memorial.
However, Redbridge also has some issues, such as a high population density, a lack of affordable housing options, and a lower life expectancy than other boroughs.
Council Link: https://www.redbridge.gov.uk/housing/
If you can afford to pay a bit more for your monthly rent, then these boroughs might be an option for you as recommended by RentLondonFlat.com:
Bromley (Average rent per month – £1,340)
Sutton (Average rent per month – £1,700)
Hillingdon (Average rent per month – £1,210)
Enfield (Average rent per month – £1,340)
Lewisham (Average rent per month – £1,440)
Many Londoners will share a property with others to reduce their rental costs.
House shares are very common in London and if you have friends, colleagues, or acquaintances that you could potentially share a home with, then you should consider it, especially with the increased cost of living.
Another affordable alternative is co-living where rental costs tend to be lower compared to renting a whole apartment, yet co-living spaces in London offer serviced studio apartments with access to communal facilities, cleaning services and utility bills included, and more and you can check out our guide below for further information:
As you can see, there are pros and cons to renting in each of these cheapest London boroughs. Depending on your budget, preferences, and lifestyle, you might find one area more suitable than another.
However, you should also keep in mind that renting in London is not only influenced by the location, but also by other factors such as the type, size, condition, and amenities of the property. Therefore, it is always advisable to do your own research before making a decision or consult established and trusted estate agents in the area.
You can also check forums such as local FB groups and to get a good understanding of the average rental cost for a room in your preferred borough you can check out platforms like Spareroom.
- Blogger and Educator by Passion | Senior Online Media & PR Strategist at ClickDo Ltd. | Contributor to many Education, Business & Lifestyle Blogs in the United Kingdom & Germany | Summer Course Student at the London School of Journalism and Course Instructor at the SeekaHost University.
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