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 |
