£500-A-MONTH ROOMS IN LONDON ARE EXTINCT
17th August 2016
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According to the Portico’s data, Bexley holds the title of the cheapest borough in London to rent in, with the July average rental price for a two bedroom property standing at £1,108 per month, or £554 per room.

 

You’ll pay even more if you’re living alone - even in the most affordable borough in London - as according to Portico’s rental data, the July average rental price for a one bedroom property in Bexley is £847.32.

 

On the other end of the scale, if you want to live in the exclusive borough of Kensington and Chelsea, the July average rental price is a staggering £3,989 for a two bedroom property, or £1,994.50 per room.

 

The average price for a two bedroom property in London is £1,756, or £878 per room.

 

Robert Nichols, Managing Director, Portico, says:

 

“Many Londoners now consider renting as a long-term norm, as a result of rising property prices. 

 

It’s therefore good to know where you can find the most affordable rent - and our data lists the London boroughs two bedroom rental prices from the cheapest to the most expensive.

 

Bexley in south east (£1,108 pcm) and Havering (£1,156 pcm) in the east offer the capital’s cheapest rents, and they’re soon to become well-connected too, with stations planned on the eastern edge of the Elizabeth line.

 

If you want to live in inner London, Lewisham offers the most affordable rent (£1,430 pcm).”

 

Borough

July Average Monthly Rent for a 2 Bedroom Property

Bexley

£1,108

Havering

£1,156

Sutton

£1,234

Croydon

£1,251

Barking and Dagenham

£1,278

Bromley

£1,299

Hillingdon

£1,312

Redbridge

£1,330

Enfield

£1,334

Waltham Forest

£1,360

Harrow

£1,417

Lewisham

£1,430

Greenwich

£1,477

Kingston upon Thames

£1,490

Newham

£1,564

Barnet

£1,573

Ealing

£1,586

Haringey

£1,586

Hounslow

£1,590

Brent

£1,612

Merton

£1,621

Richmond upon Thames

£1,829

Lambeth

£1,855

Hackney

£1,968

Southwark

£1,986

Wandsworth

£2,034

Hammersmith and Fulham

£2,116

Islington

£2,186

Tower Hamlets

£2,251

Camden

£2,559

Westminster

£3,811

Kensington and Chelsea

£3,989

 
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