Whether you like art, music, or gastronomy or want to work in your area, London is one of the world’s most popular tourist attractions. However, capital is also costly. The streets aren’t genuinely paved with gold, but you’d never know it based on the rental costs, which are twice the English average, or the property prices, which have climbed by 3.9 percent in the last year. On the other hand, London is a major city that still has some lovely, cheap locations to live in that will allow you to expand your wings without worrying about your mortgage or rent payments cutting them.
Continue reading to learn about the cheapest places to live in London.
Top 10 Cheapest Places to Live in London
1. Havering
Havering is one of the cheapest places to live in London, with an average rent of £1,150 per month. Havering contributes to its attraction by giving plenty of open green space with a lower population density than other London boroughs.
Havering, located on the extreme eastern outskirts of Greater London, is still served by the District line, Overground, and C2C services at Upminster station. Increased services will also be available at Romford, Gidea Park, and Harold Wood stations once Crossrail is fully operational.
2. Lewisham
Lewisham is located in southeast London, about 6 miles from Charing Cross in central London. One of the reasons it hasn’t attained the same appeal as other boroughs is because it lacks the hipster vibe of trendy coffee shops and artisan bakers.
However, with transportation connections that carry you right into the heart of the commercial districts in around 40 minutes, this is a fantastic prospect for young professionals. It’s one of the few neighborhoods in the center where you can locate a room for less than £700 per month.
3. Bexley
Bexley is one of the most affordable London boroughs, with an average rent of £1,150 a month. Bexley, located between Dartford to the east and Greenwich to the west
It provides affordable housing in Bexleyheath, Sidcup, Erith, and Crayford. Rail services on the North Kent, Bexleyheath, and Dartford Loop lines offer transportation options. Crossrail is also expected to deliver a significant boost with a terminus at adjacent Abbey Wood station.
4. Hillingdon
Hillingdon is another borough to explore for lower rent in London. It has been a cheap area to rent on the city’s extreme western outskirts for quite some time.
You should be aware of the distance to the city, which may take up to an hour and a half by train. However, renting a home here may make sense for those living and working in the neighborhood.
5. Sutton
Sutton is on the list of cheap locations to live in London. With average rates of £1,160 per month and an abundance of green space, this is a beautiful place for young parents working in central London. Furthermore, schools are good.
Sutton has the highest GCSE grades of any London borough – and crime rates are low. Rail services operate from the borough to London Victoria, London Bridge, St Pancras, and Clapham Junction.
6. Redbridge
Redbridge is situated in the northeastern section of the Greater London region and has been one of the cheapest places to live for quite some time. Despite its distance from the city center, it is famous since the train ride takes around 50 minutes.
It has grown quite popular with families due to the abundance of public parks, dining restaurants which allow for a wide range of outdoor activities. There aren’t many areas in London where you can rent a three-bedroom house for less than £1,500 per month.
7. Croydon
Massive reconstruction has given this southerly borough fresh vitality in recent years, yet rents remain modest at an average of £1,250 per month.
Trains from East Croydon to London Victoria may take as little as 15 minutes, making it a highly convenient commuting alternative. In addition to the Croydon urban area, the borough encompasses Purley, South Norwood, Coulsdon, and Norbury.
8. Bromley
Bromley is located around 9 miles southeast of Charing Cross and is about 45 minutes by rail from the center. It is an ancient market town that has drawn many people to this region.
It has been popular with young professionals due to its proximity to the key business districts and decent transportation connections. It is also owing to the many help-to-buy London initiatives that are available.
9. Enfield
Its inexpensive average rent of £1,300 per month makes it a popular option for young professionals and families seeking excellent value.
Enfield is well serviced by public transportation and has decent road connections to the rest of Greater London and beyond. Enfield is also becoming a site of fresh prospects and a magnet for private investment due to its continuous redevelopment activities.
10. Waltham Forest
The significant remaining relic of the ancient Waltham Forest, which gave this borough its name, is Epping Forest. Waltham Forest, which stretches from Chingford in the north to Walthamstow in the south, is also the cheapest location to reside in London.
The Central and Victoria lines, which run through the borough’s south and center, are exceptionally well serviced by London Underground services. The Gospel Oak to Barking line of London Overground also serves the area.
Conclusion
Renting in London is the costliest in the United Kingdom, but that doesn’t mean there aren’t ways to get great value. Croydon is one of the cheapest places to live in London to rent for young professionals, and it is also close to the city center. The Red Bridge is a place where we would expect to see a lot of young families migrate since there are a variety of property types available at affordable prices. While your drive into the city may take 50 minutes, you will have a plethora of recreational opportunities right on your doorstep. For many years, rent in London has been a big subject, and despite housing collapses, individuals are still confronting costs beyond their reach. According to figures from several municipalities, rents have grown so substantially that young families have all but vanished.
