Are you planning to move to London but worried about the high rental prices? Fear not! In this article, we will guide you on how to rent cheap in one of the most expensive cities in the world.
Location, Location, Location
The first thing you need to consider while renting an apartment in London is its location. The price of a property varies significantly depending on its location.
For instance, areas like Mayfair and Knightsbridge are known for their luxurious lifestyle and high rental prices. Instead, look for neighborhoods that are less popular but still well-connected with the city center through public transportation. Some affordable areas that you can consider are Barking, Dagenham or Stratford.
Share Accommodation
Another way to reduce your rental expenses is by sharing accommodation. You can look for flatmates who are also looking for a place to live in London.
This will not only help you save money on rent but also on other expenses like utility bills and groceries. You can find potential flatmates through various online portals such as SpareRoom or Gumtree.
Timing is Everything
The time of year when you plan to rent an apartment can also affect its price. Generally, rental prices tend to be higher during summer as it is peak tourist season. If possible, try to rent an apartment during winter or autumn when demand is low and landlords may be more willing to negotiate on price.
Negotiate Your Rent
Don’t be afraid to negotiate with your landlord or letting agent while renting an apartment in London. Sometimes they might be willing to lower their rent if they cannot find any other tenants or if the property has been vacant for a long time.
Consider Properties Outside of Central London
London has an extensive public transportation system which means that you can live outside of central London and still have easy access to it. Properties located further away from the city center are generally cheaper and offer more space than those in central London.
Conclusion
In conclusion, renting an apartment in London can be expensive but with careful consideration of location, sharing accommodation, timing, negotiation and looking outside of central London, you can still find an affordable place to call your own. Remember to research well before making any decisions and don’t settle for the first property you see. Happy house hunting!