12 Cheapest Places To Live In London In 2022

London does not exactly have a reputation for being inexpensive, and for good reason. In addition to ranking among the top 20 in the world, it is the most expensive place to live in the UK. It’s not as expensive to live in London as you might think.

Although London is a large city, there are still many wonderful, affordable places to live that will allow you to spread your wings without worrying about your mortgage or rent payments clipping them.

Here is a list of the 12 cheapest places in London. Please keep reading and pick the one you prefer.

Barking And Dagenham

With the lowest average house price in the entire city, this East London borough is only nine miles from the city’s center.

You will lose £5,700 more annually than the typical English renter if you rent in Barking and Dagenham, but given the higher London wages, it might be worth it. Barking and Dagenham properties are still 46,000 pounds more expensive than the English average, and rent is 66% more expensive than the average.

This is especially true when you consider that Barking station, which is in the more affordable Zone 4 and provides access to the District and Hammersmith & City lines as well as the Overground, can be used to travel to central London in less than an hour.

You’ll also join a close-knit community that is much younger and more diverse than it once was, with the population of ethnic minorities increasing by 42% in the most recent census.

Enfield

London’s northernmost borough, which is the only entry on this list that is located in the north, is only an hour away from the city center thanks to the area’s transportation options.

Living in Zone 5 of Transport for London gives you access to a variety of green spaces, including the breathtaking Forty Hall estate and Hilly Fields Park, while also guaranteeing lower tube fares than in some of the other boroughs on this list.

Particularly in Southgate, where you can enjoy independent restaurants and cafes without the typically exorbitant London prices, the borough is home to thriving Turkish and Greek communities.

Bexley

If you’re looking to rent in London, Bexley is the best option because it has the lowest average rental cost of any borough on the southern bank of the river.

Along with its relatively low crime rate, which it shares with Barking and Dagenham, and collection of more than 100 parks and green spaces, the area also boasts the second-cheapest average house price in the entire capital.

cheapest place to live in london

Furthermore, a pint of beer typically costs £3.03 in Bexleyheath, one of the borough’s major centers, which is significantly less than the £5.19 average price for a pint in London.

Sutton

Sutton and Bexley share the lowest average rent price in east-to-south London. With 67% of students earning a mark of 5 (a strong pass) or higher, the borough also has the second-best English and Math GCSE results.

With a climate emergency declared in July 2019 and a commitment to going carbon-neutral, Sutton is also environmentally friendly.

Additionally, it is a stunning part of London. You can enjoy the spoof Tudor setting of Cheam or the actual Tudor-era Nonsuch Park, which once encircled Henry VIII’s palace and is now just a lovely place to stroll.

Havering

The eastern borough of London is Havering, which is followed by Essex. It is well-liked by people seeking an easy commute and more affordable housing costs. Given the impending arrival of the eagerly anticipated Elizabeth Line, Havering’s population will probably grow even more in the future.

In anticipation of Crossrail, many people are looking to relocate, so housing costs and rent will probably go up. There are many different types of properties available in the area, ranging from one-bedroom apartments to historic homes.

Newham

Despite the fact that Newham is one of the least secure boroughs in London, the situation is not entirely dire. East Village, a brand-new neighborhood that served as the athletes’ village during the 2012 Olympics, is also located there, as is the ExCel Centre, Westfield shopping center, and other buildings.

The DLR is one of its reliable transportation options, and London City Airport is also nearby.

Croydon

Croydon is a further entry at £1250 PCM. This southerly borough has recently experienced significant regeneration, but (clearly) rents are still affordable. It is a very simple commuter option because trains to London Victoria can arrive in as little as 15 minutes from East Croydon station.

The larger borough also includes the city of Croydon as well as Purley, South Norwood, Coulsdon, and Norbury.

Hillingdon

We now travel to the borough of Hillingdon in the far west. With an average rent of £1,250 per month, it is the second-largest borough by area in London. The borough’s largest employer is Heathrow Airport, and Brunel University’s presence also contributes significantly to the local economy.

Waltham Forest

Waltham Forest is conveniently connected to London City Center by a number of bus routes, the Underground, and other transportation options. Walthamstow is where the more reasonably priced apartments are located, but Epping Forest also has larger Victorian homes.

A typical Waltham Forest 4-bedroom home costs £2,549 per month, which, when divided among the occupants, comes out to $637.25 per person.

Bromley

One of the most affordable neighborhoods in London to rent in if you’re sharing housing with others is Bromley, which is well-liked by young renters. When you’re ready to commit to a mortgage, Bromley has a variety of homes available through the Help to Buy London program as well as a variety of Shared Ownership properties.

The average rent per person for a 3-bedroom home is pound;713.67 per month, while the average rent per person for a 4-bedroom home is pound;679 per month.

Redbridge

Northeast of Greater London is where Redbridge is located. The principal settlements in the borough are Wanstead and Woodford, with Ilford serving as the primary municipal hub.

Services from Ilford, Seven Kings, Goodmayes, and Chadwell Heath stations supplement extensive Central line services on the Epping Branch and Hainault Loop. Currently known as TfL Rail, but soon to be renamed as a part of the Elizabeth Line.

Lewisham

Lewisham’s current asking rent of £2,853 PCM, or £713.25 per person each month assuming someone is in each room, is higher than most but it offers 4-bedroom houses. This may be a possibility for you if you’re looking to house-share. Lewisham, which is only 51 minutes by car from London, has a lot to offer, from upscale high-rise apartments to suburban homes.

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