REVEALED: Bexley is the most affordable place to rent in London

Our most recent data has revealed that living as a group of four in Bexley, South East London, is the cheapest way to rent in London.

Assuming the scenario of one person, per bedroom, the data uses average rental prices to determine whether one, two, three or four bedroom properties are the best value in each borough.

For a four bedroom property in Bexley, the monthly total rent is £1,633.52 but divided between four people is £408.38 each. This is 35 per cent cheaper than the average cost of renting a room in London (£609 per month according to the Government’s April 2017 – March 2018 Private Rental Market Summary Statistics).

See below average cost per person per bedroom for a 1, 2, 3 and 4 bed for each London borough by region:

London boroughs by region Average cost per person per bedroom     Most cost effective rental property (no of bedrooms)
North 1 Bed 2 Beds 3 Beds 4 Beds
Barnet  £1,174.33  £835.82  £842.29  £830.45 4
Enfield  £961.00  £691.76  £648.82  £521.84 4
Haringey  £1,272.08  £910.72  £847.42  £927.84 3
East
Barking and Dagenham  £1,008.75  £612.47  £474.61  £425.00 4
Bexley  £758.20  £560.41  £450.38  £408.38 4
Greenwich  £1,148.15  £793.26  £665.35  £638.39 4
Hackney  £1,575.92  £1,068.69  £949.76  £700.51 4
Havering  £854.06  £597.71  £462.79  £471.11 3
Lewisham  £1,031.97  £702.67  £577.32  £501.73 4
Newham  £1,281.26  £816.88  £625.47  £526.72 4
Redbridge  £999.58  £683.40  £582.28  £523.98 4
Tower Hamlets  £1,678.08  £1,183.81  £1,165.32  £884.77 4
Waltham Forest  £1,100.61  £702.05  £549.31  £478.52 4
South
Bromley  £935.81  £655.11  £535.28  £563.61 3
Croydon  £877.81  £623.19  £519.39  £508.41 4
Kingston upon Thames  £1,099.15  £740.65  £648.55  £627.40 4
Merton  £1,251.29  £854.17  £750.75  £883.43 3
Sutton  £897.89  £611.98  £551.73  £560.09 3
Wandsworth  £1,507.67  £1,051.18  £1,044.39  £975.57 4
West
Brent  £1,207.28  £805.60  £693.87  £617.06 4
Ealing  £1,222.47  £884.56  £719.24  £746.22 3
Hammersmith and Fulham  £2,001.25  £1,485.83  £1,349.78  £1,457.83 3
Harrow  £1,064.08  £690.53  £562.51  £543.48 4
Hillingdon  £962.45  £639.90  £498.44  £510.31 3
Hounslow  £1,230.88  £836.20  £674.10  £801.43 3
Richmond upon Thames  £1,517.73  £970.63  £956.21  £1,067.85 3
Central
Camden  £1,944.28  £1,471.05  £1,614.44  £1,911.65 2
Kensington and Chelsea  £2,759.03  £2,068.36  £2,969.02  £3,271.34 2
Islington  £1,716.96  £1,164.90  £1,094.33  £895.85 4
Southwark  £1,715.39  £1,158.93  £1,348.99  £985.07 4
Westminster  £2,915.22  £2,167.34  £2,594.34  £2,869.39 2
Lambeth  £1,616.82  £1,128.41  £1,318.46  £961.21 4

 

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