Quick Answer: Which Area Of London Is Cheapest To Rent?

What is the cheapest place to rent in London?

*Updated version for 2020: 10 cheapest places to rent in London.

• Barking and Dagenham. AVERAGE RENTAL PRICE: £1,302 per month / £300 per week.
• Croydon. AVERAGE RENTAL PRICE: £1,375 per month / £317 per week.
• Sutton. AVERAGE RENTAL PRICE: £1,407 per month / £325 per week.
• Bromley.
• Lewisham.
• Enfield.
• Harrow.
• Newham.

Which part of London is the cheapest to live?

The cheapest place to live in London is Bexley, with an average rent of £1,084 pcm. Sitting between Dartford to the east and Greenwich to the west, Bexley offers Londoners good value homes in areas such as Bexleyheath, Sidcup, Erith and Crayford.

Where can I find affordable rent in London?

How to Find Cheap Places to Rent In London

1. Know The Cheapest Areas. There are many different crowd sourcing websites that provide you with up to the minute average rental prices.
2. Move Slightly Further Away From a Tube Station.
3. Check Out Gum Tree.
4. Buddy Up.
5. Sign Up For Home Share.
6. Become a Property Guardian.

Where is a safe place to live in London for cheap?

These areas are also pretty affordable, so you get both safety and savings in one!

• 1) Richmond.
• 3) Kingston-upon-Thames.
• 4) Sutton.
• 6) Bromley.

How do I find a nice flat in London?

Here are some of the best websites to find a flat in London:

1. SpareRoom—A website that helps you find a room and a flatmate across the UK.
2. Rightmove—According to their website, Rightmove is “UK’s number one property website for properties for sale and rent”
3. Portico—A modern website to find a flat to rent in London.

How can I live cheap in London?

Here we’ll take a look at our top 5 tips for living cheaply in London. Five Top Tips For Living Cheaply In London

1. Eating Out. –
2. Get Deep Discounts On Late Night Food.
3. Don’t Buy Your Essentials At The Corner Shop.
4. Attend Exhibitions And Events Completely Free.
5. Become a Property Guardian!

What are the bad parts of London?

According to Churchill Security, the most dangerous areas in London are:

• Westminster – Crime rate 321.4 crimes per 1,000 people.
• Camden – Crime rate 154.2 crimes per 1,000 people.
• Kensington and Chelsea – Crime rate 153.9 crimes per 1,000 people.
• Hammersmith and Fulham – Crime rate 129.2 crimes per 1,000 people.

How can I live in London for free?

In order to live completely rent free in Central London, you need to rent a 2 or 3 bedroom apartment, live in one of the rooms, and rent out the remaining room(s). You market the room(s) on portals such as Airbnb and Booking.com and then put in systems to automate the process so you don’t have to do much at all.

Why is London rent so expensive?

London residents have to compete for accommodation with international investors who buy property in London and leave it empty because they don’t live in the UK. The property is very expensive in the UK, hence the yield one requires on their investment reflects the price you pay for the house, flat etc.

How much is the cheapest apartment in London?

The 10 Cheapest Areas to Rent in London

1. Bexley. Number one on our list, Bexley currently has the cheapest rent in London with 1-bedroom flats averaging at £823 pcm.
2. Havering.
3. Croydon.
4. Barking and Dagenham.
5. Sutton.
6. Bromley.
7. Redbridge.
8. Hillingdon.

How much is the rent in London?

How much is rent in London? According to HomeLet, the average rent in London for new tenancies is £1,572 a month. HomeLet also says that rents in London have decreased by 4.7 per cent compared to last year. But rents can of course vary depending on lots of factors, including the location and number of bedrooms.

What is the cheapest flat in London?

Barking and Dagenham remains the cheapest place to buy property in London. With an average price of £300,517, this borough offers great value for money.

Where should I not live in London?

The Top 10 Most Dangerous London Boroughs (Updated for 2019)

• 10) Hackney. The London Borough of Hackney is an area of Inner London which spans parts of East London and North London.
• 9) Croydon. Croydon is a South London borough located just over nine miles from Charing Cross.
• 8) Brent.
• 7) Haringey.
• 6) Tower Hamlets.
• 5) Lambeth.
• 4) Southwark.
• 3) Camden.

Is 75k a good salary in London?

£ 75,000 /year is a good salary for London but it’s impossible to predict. A lot is going to depend on where you choose to live. London is 659 square miles and rents vary widely. Central London is very expensive and a 1 bedroom flat will be set you back at least £300/week or £1300/month.

Where do rich people live in London?

Over the past year, London saw its billionaire population increase by one. Some London billionaires live on Kensington Palace Gardens, known as Billionaire’s Boulevard, the most expensive street in Britain.