London is one of the most sought-after cities in the world, with a vibrant culture and diverse population. However, living in London can be expensive, especially when it comes to renting. If you are looking for an affordable place to rent in London, you may be wondering which area is the cheapest.
What are the Cheapest Areas to Rent in London?
The cost of renting in London varies greatly depending on the area. Generally speaking, the further away from central London you go, the cheaper it gets. Here are some of the cheapest areas to rent in London:
Barking and Dagenham
Located in East London, Barking and Dagenham is one of the cheapest areas to rent in London. The average monthly rent for a one-bedroom apartment here is around £900.
Bexley
Bexley is another affordable area located in South East London. The average monthly rent for a one-bedroom apartment here is around £950.
Croydon
Croydon is a large town located in South London. It has good transport links to central London and is known for its shopping centers and nightlife. The average monthly rent for a one-bedroom apartment here is around £1,000.
Havering
Havering is a suburban district located in East London. It has good transport links and is known for its parks and green spaces.
These areas may not be located centrally but offer good value for money when it comes to renting.
Factors That Affect Rent Prices
While location plays a big role in determining rental prices, there are other factors that can affect them as well:
- Property type: The type of property you choose can affect rental prices. For example, a studio apartment may be cheaper than a one-bedroom apartment.
- Transport links: Areas with good transport links tend to be more expensive.
If you are willing to live further away from central London, you may find cheaper rental prices.
- Local amenities: Areas with lots of amenities such as shops, restaurants, and bars tend to be more expensive. If you are willing to live in an area with fewer amenities, you may find cheaper rental prices.
- Condition of the property: The condition of the property can affect rental prices. Properties that are newly renovated or in good condition tend to be more expensive.
Tips for Finding Affordable Rentals in London
Finding an affordable rental in London can be challenging, but it’s not impossible. Here are some tips for finding affordable rentals:
1. Look for properties outside of central London
As mentioned earlier, areas further away from central London tend to be cheaper. Look for properties in areas that have good transport links and are within a reasonable commuting distance.
2. Consider sharing a property
Sharing a property with others can help reduce the cost of rent. Look for properties that have multiple bedrooms and consider sharing with friends or flatmates.
3. Use online rental websites
There are many online rental websites that can help you find affordable rentals in London. Some popular ones include Zoopla, Rightmove, and SpareRoom.
4. Negotiate the rent
Don’t be afraid to negotiate the rent with landlords or letting agents. They may be willing to reduce the rent if they are having difficulty finding tenants.
In Conclusion..
While renting in London can be expensive, there are still affordable options available. Consider looking for properties in areas outside of central London, sharing a property with others, using online rental websites, and negotiating the rent with landlords or letting agents. By following these tips, you can find an affordable place to rent in London without breaking the bank.