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7 Cheapest Places to Live in London in 2018

Posted in: Moving Advice

Property prices are at an all-time high and it can be difficult to find a new home at an affordable price, especially in London. As a premier moving company we know our way around the city and have compiled a list of the compiled a list of the cheapest places to live.

It’s common knowledge that London isn’t cheap, with the average rent for a studio apartment coming in at £1,223 per week (Soho), and the average rental price for London in general being £665 a week.

On average, the cost of renting an apartment in London is way over £1,000, with the average price of living in the city centre being £1,649. So, we’re going to be looking at the cheapest places to live in London.

The statistics for the average rental costs in London have been sourced from Home.co.uk (updated for 2018).

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7. Bromley

While it only takes the number seven spot on our list, Bromley still remains one of the cheapest places to live in London.

Located in South London, Bromley is widely known to be ‘the garden of England’ thanks to its picturesque landscape and abundance of parks. The average rent price from Bromley comes in at £1,300.

Benefits

With quick transport links to Victoria (only 15 minutes) Bromley is one of the better areas for commuters. The town itself is very friendly and was ranked London’s happiest place to live in 2016.

Train time to central London: 35 minutes

6. Enfield

Located in North London, Enfield is ideal for those making regular commutes to central London. It takes just 30 minutes to get to Kings Cross and it’s close to the M25, making travelling in and out of London far easier. The average rent price for Enfield is £1,300 per month (the same as Bromley), which isn’t bad considering the close proximity to central London.

Benefits

The majority of schools in Enfield have an ‘Excellent’ status rating according to OFSTED, making it a good area for families. It’s also known for its quaint village architecture, despite being so close to central London.

Train time to central London: 40 minutes

5. Barking

Located in East London, Barking rental prices are almost half the London average. Additionally, Barking is undergoing huge regeneration plans, particularly in the town centre. The average rental price for Barking comes in at £1,249 a month.

Benefits

In 2021, Barking hopes to have a riverside district and over 10,000 will be connected to the Overground transport network.

Train time to central London: 35 minutes

4. Redbridge

Located in the North East of London, just a short walk from the bustling Shoreditch lies Redbridge. Redbridge’s average monthly rent prices comes in at £1,248, making it one of the cheapest places to live in London.

Benefits

Despite being one of the closest boroughs to central London on our list, Redbridge is where the city meets rural Essex, which means residents get the benefits of being near Wanstead and South Woodford.

Train time to central London: 55 minutes

3. Sutton

Located in the South West of London, Sutton’s average monthly rent comes in at £1,198. It’s definitely one of the quieter areas of London, so if this is what you’re looking for, Sutton might be worth considering.

Benefits

With an abundance of parks and a few museum attractions. It’s also holds the spot for London’s lowest crime rates, making it one of the most desirable places to raise a family.

Train time to central London: 40 minutes

2. Croydon

Croydon has long been one of the cheapest places to live in London, mainly because of its distance from central London. However, don’t let that put you off, as there are several transport links that head into central London regularly, so you’ll rarely be stuck for a way in.

The average rent for Croydon is £1,148 per month, which isn’t too bad considering how easy it is to get into London.

Benefits

Croydon is arguably the most up-and-coming London borough to move to at the moment, and with the Westfield shopping centre being unveiled in 2019, Croydon is only going to get busier.

Train time to central London: 35 minutes

1. Bexley

Located in south-east London, Bexley has arguably become the cheapest area to live in London, with the average house rent coming in at roughly £1,127 a month.

This makes Bexley one of the most affordable places to live in London, considering London’s more expensive areas (such as Soho) come in at over £1,200 per week.

Bexley takes 2018’s number one spot for the cheapest place to live in London.

Benefits

Aside from being one of the cheapest boroughs in London, it’s away from the hustle and bustle of central London. This makes it ideal for those looking for a quieter life outside central London, or those looking to raise a family (it also has several high-achieving schools).

Train time to central London: 45 minutes


If you are looking to move to one of the cheapest places in London, Simply Removals may be able to help. We have helped thousands of customers move across London and we’re always on-hand to offer our expert moving advice. We also offer bespoke packaging options to ensure your move goes smoothly and our rates are among the most competitive in the UK.

For more information on how we can help your move in London, please head over to our contact page or call us today for a free quote.

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