According to the latest figures on the private rental market from the Office for National Statistics, London’s lowest rents can be found in the boroughs of Bexley, Greenwich and Waltham Forest, where the median rent for a room is between £477 – 520 a month.
Here, we show you just some of the fantastic homes available to rent in some of these areas, as well as others that we think you might like. Of course, these properties in London’s most affordable neighbourhoods are only available to rent whole, not on a room-by-room basis, but they’ve got a lot to offer potential tenants. If you'd like to move out but need to get into London quickly, see affordable London areas with a short commute.
Greenwich
Greenwich is most famous for its Royal Park and of course the Royal Observatory, the location of the Prime Meridian. Owing to its rich history and pretty setting on the River Thames, Greenwich has an old-world charm that you can’t find in many places in London.
Trafalgar Road, Greenwich, SE10
£1,400 per month
On the east side of Greenwich moments from the university and Greenwich Park, this bright and airy two bedroom maisonette has a private garden.
Little Thames Walk, Greenwich, SE8
£1,400 per month
This one bedroom flat is set within a contemporary development with a concierge and is close to both the River Thames and the centre of Greenwich.
Waltham Forest
The London Borough of Waltham Forest includes places such as Walthamstow and Leytonstone, which renters love for their bustling high streets full of independent stores and real sense of community.
Waverley Road, Walthamstow, E17
£2,700 per month
Fit for a stylish family, this four bedroom home’s interior design hits all the right notes. Sizeable bedrooms, a basement and a garden mean there’s plenty of space for four or more people to live here comfortably.
Leyspring Road, Bushwood, E11
£1,800 per month
Within walking distance of Wood Street Station – on the Overground line to London Liverpool Street – this three bedroom house offers its future tenants large rooms with lovely wood floorboards and a rear garden.
Croydon
Croydon has been given a new lease of life, which shows in the number of people flocking to the area to buy and rent. Regeneration schemes have not only improved the look of the area, but the atmosphere too.
Morello, East Croydon, CR0
£1,250 per month
Just round the corner from East Croydon Station, this one bedroom apartment is set within a newly built development with communal leisure facilities and gardens.
Park Lane, Croydon, CR0
£1,400 per month
This contemporary two bedroom apartment has both a balcony and a terrace, which extends across the full width of the property and is accessed from the bedrooms.
Morden
At the end of the Northern Line but certainly not out in the sticks, Morden is best known for beautiful Morden Hall Park, which is a National Trust site and former deer park set amongst houses and busy city roads.
Wandle Road, Morden, SM4
£1,350
Close to Ravensbury Park and the River Wandle, this two bedroom flat has a private patio garden and off-street parking.
Wandle Road, Morden, SM4
£1,150 per month
Situated in a modern gated development overlooking the River Wandle, this two bedroom apartment has been refurbished throughout and provides off-street parking.
Still looking? Here are some more blogs about affordable renting: affordable homes to rent in London for under £1,300 per month, and 10 cheapest places to buy property in London
