February 2nd 2025.
Are you wondering if there are better options for your budget? It's no secret that renting in London can be quite expensive. But if you're approaching the end of your tenancy and need a break from the high costs, you might want to consider a charming borough that offers more for your money. According to recent research, the average rent in this cozy suburb is only £1,325 per month, making it an appealing option for those looking to stay in the capital for less. In fact, it has been ranked as the most affordable borough in London.
However, it's not the only borough that offers affordable rents. Havering, located in East London, comes in at second place with an average rent of £1,380 per month, followed by the commuter hub of Sutton in third place. So if you're wondering where the cheapest place to rent in London is, you might want to consider these options.
But keep in mind, the cheapest place to rent in London overall is Bexley, a borough in the South East that is tucked away in Zone 6. However, if you're looking for a more central location, you might want to check out Greenwich, which is the least expensive inner London borough with an average rent of £1,800 per month, according to estate agent Hamptons' figures.
While Bexley may be quieter than central London, it's important to note that rental prices in this area are on the rise. Data from SpareRoom shows that rental prices in SE2, which includes parts of Greenwich and Bexley, have increased by 54.7% since 2019, the largest increase of any postcode in London. Similarly, rents in Bexley have also seen a slight increase since June 2024, with the average monthly price now at £1,297, which is £28 more expensive than before. This may not seem like a significant amount, but it is still a gentle increase, especially when compared to the overall rise in rental prices across London in the last five years, which has been a staggering 32%.
However, despite these caveats, Bexley offers a lot for its affordable rents. From historic sites to local breweries, there is plenty to explore in this borough. For those interested in history, Hall Place and Gardens is a must-visit with its family-friendly exhibitions, miniature railway, and owl petting. Danson House and Park, a Grade I listed Palladian villa, is also worth a visit. And for nature lovers, Lesnes Abbey Woods offers 88 hectares of woodland, a park, and the ruins of a centuries-old abbey.
For those who enjoy a good drink, Bexley Brewery's micro pub, The Bird and Barrel, is a popular spot for trying out different beers. And the best part? It's dog-friendly, so you can bring your furry friends along. Locals also love Bexley Village, which has been praised for its village-like feel. Overall, residents enjoy the peaceful and quaint atmosphere of the area.
Bexleyheath is also another popular area in the borough, known for its peaceful and quiet vibe. Many people who have moved here from busy areas of London appreciate the change of pace. Plus, with easy access to trains into London, it's a convenient location for commuters. Speaking of which, getting into the center of London from Bexley is relatively easy. There is a train that connects to Charing Cross, with a travel time of around 38 minutes, and another route between Slade Green and Cannon Street that takes 45 minutes. And for even faster travel, you can now take the Elizabeth Line from Abbey Wood, which only takes 31 minutes to get to Paddington and also has air conditioning.
So, if you're ready to give living in Zone 5/6 a try, Bexley may be the perfect fit for you. This article was first published on August 7, 2024. Do you have a story to share? Get in touch by emailing us at email.
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