Finding an inexpensive rental flat in central London is definitely like winning the lottery – it happens to one in a million. The skyrocketing prices are a result of the latest arrival of more and more young professionals “invading” the city in pursuit of happiness and career success. There is now much more demand for rental properties than the market can supply which is why homeowners are now increasing their rent. Despite this, you should definitely not lose hope because there are still some reasonably priced lodgings once you step a little bit off the tourist tracks. Living on the North side of the river, for example, seems to be cheaper.
Keep in mind, however, that most non-central locations have not undergone an obligatory professional end of tenancy clean each time new tenants have moved out from them. This means, that if you rent an apartment there, you will most probably need to get it cleaned top-to-bottom, especially if the building is one of those old stone houses covered with moss. The renovated apartments, located in the City of London are usually rented to tenants by real estate companies but not the owners themselves which is why they are cleaner – agencies have a strict policy regarding the end-of-tenancy cleaning and the deposit refunds.
Here is our list of the more inexpensive areas in London where you can search for a lodging:
Newham (formed by the ex East Ham and West Ham)
This East London neighbourhood is located only 5 miles away from the City of London and offers convenient public transport connections to all of its inhabitants. You can easily find a rental place there for an average price of about £635.
It is one of the largest boroughs in outer London. This is a calm and peaceful ex-farming area which is now heavily populated with Jewish people and elderly people over 65 years of age. If you are looking for a nice and quite place away from the city’s hustle and bustle, than that’s your place. The rental properties there are priced about £630.
This residential suburb has a long and rich industrial history. Many students and young professionals choose to live in this part of the city because of the 3 university campuses there. When looking for a rental home there, be very careful. Although the average rental price is about £651 some of the properties are very old, poorly-maintained, and over-populated. Make sure that you visit the place before you rent it in order to make sure that it is up to your standards.
This borough is rated as one of the top family places. Numerous official surveys prove that the people living there are actually very happy from the choice that they have made when they searched for a rental home. Although people from different backgrounds live there, the crime rate is relatively low which makes it a perfect place for growing your children. There are also many forms of entertainment for the youngest family members in that area. There is one major disadvantage, of the neighbourhood, however, and that is the poor condition of the roads. The average family home rent there is £596.
The neighbourhood offers plenty of new rental properties priced about £580. They are not only better priced but much more spacious than the tiny apartments in central London. Its close to Greenwich and Blackheath and has good transport connections with the rest of the city. Grocery shopping there can be a good bargain, especially if you prefer to visit the market. This is why mostly young people and students choose to live there.
Of course, there are many other districts that you can consider. This is just a small selection of some of the best places which are safe, within reasonable commute to the central part of the city, and which will provide you with a less expensive London lifestyle. We hope that we helped you make a good choice, because London is a city that never stops and it’s waiting for you with open arms!