menu
London

London’s Best Neighbourhoods on a Budget

Alice Kattago

This post is also available in: French

Oh London! So many neighbourhoods, one gets lost. One of the most multicultural, fast-paced and vibrant cities on Earth. A city that never sleeps and where everything is possible…except maybe finding a cheap flatshare. London is a notoriously expensive city to live in. The rents are one of the highest in Europe and finding a suitable room for an affordable price is no easy task. However, there are some areas where the rents aren’t outrageous. We’ve put together a list of these areas focusing on the ones that aren’t too far from the centre and have good transport connections. 

North London

1. Lower Holloway N7

Located in North London, in Zone 2, Lower Holloway is close by to the super hip Camden Town area, where you can find the well-known Camden market and a buzzing nightlife scene; as well as the famous King’s Cross St. Pancreas Station. The area is also home to Arsenal’s football stadium, so if you’re a Chelsea fan, you might consider living somewhere else.

The best way to get to the centre from Lower Holloway is by taking the Piccadilly line. Getting to King’s Cross takes just 5 minutes and getting to Piccadilly Circus takes about 15 minutes.

  • Closest way to get to London Centre: By taking the Piccadilly Line from Caledonian Road
  • Avg. room price: 550-650£ a month
  • Interesting sight in the neighbourhood: Arsenal Football stadium

2. East Finchley N2/N3

Finchley is one of London’s calmest areas. It is located in Northwest London and has good connections to the city centre, plenty of amenities on the high street and a community feel. There are a total of three tube stops in Finchley, all of them on the Northern Line (Zone 3 and Zone 4). Getting to Leicester Square will take you about 20 minutes. Finchley is also perfect for someone looking to live on a budget since rents average around 500-550£ a month for a room.

  • Closest way to get to London Centre: By taking the Northern Line from East Finchley, Finchley Central Station or West Finchley
  • Avg. room price: 520—£613£ a month
  • Interesting sight in the neighbourhood: Phoenix Cinema, one of the oldest continuously running cinemas in London and Cherry Tree Wood Community Festival. 

South London

3. Deptford SE8

Deptford has been named “the new Peckham” for its up and coming trendy urban feel. Located in Southeast London, close to Greenwich, the neighbourhood has been popular amongst students and creatives for years due to its proximity to Goldsmiths University and its affordable prices. Deptford doesn’t have an underground station, but it does, however, have two national rail stops (Deptford and New Cross, both in Zone 2) that’ll take you to London Bridge in 10 minutes. Rents for a room average around 500-550£ here. If you’re unable to find something in Deptford, then the neighbouring Brockley area has a similar vibe with equally affordable prices.

  • Closest way to get to London Centre: By the Southeastern Rail from either Deptford or New Cross
  • Avg. room price: £520—£613 a month
  • Interesting sight in the neighbourhood: Deptford Market Yard

4. Bromley BR1

If you’re willing to live a bit further away from the centre, then Bromley can offer you affordable rents, green spaces and a charming village-like feel with all of the amenities you might need. The borough is located Southeast London, in Zone 4/Zone 5. The transport links aren’t as great as for some of the other neighbourhoods but it makes up for it with its charming atmosphere. Your best option for getting to the centre in by taking the Southeastern train to Victoria which should take around 20-30 minutes. Residents can also use the Thameslink.

  • Closest way to get to London Centre: By the Southeastern Train from Bromley North
  • Avg. room price: £520—£613 a month
  • Interesting sight in the neighbourhood: Chislehurst Caves

5. Woolwich SE18

Located in Southeast London near the Docklands, Woolwich is an area that has seen a lot of development in the past years. Many new apartment blocks have been built and the area is becoming much more vibrant. Despite this, Woolwich still remains one of the most affordable boroughs in London. The transport options are currently the DLR and Thameslink (both Zone 4). However, from 2021 onwards, residents will be able to use the new Elizabeth Line that’ll take just 15 minutes to get to Liverpool Street. The average rent in the area is around 500-550£.

  • Closest way to get to London Centre: By the DLR, Thameslink or Southeastern Train from Woolwich Arsenal
  • Avg. room price:520-613£ a month
  • Interesting sight in the neighbourhood: Royal Arsenal Farmers’ Market

6. Streatham SW2

It’s located in South London near the lively, youthful and creative Brixton area. It boasts plenty of green spaces, a community-feel and easy access to the centre by the Thameslink and the Southern Rail (Zone 3). Getting to Victoria takes about 20 minutes. Rents in Streatham are under 500£ a month, making it a very affordable option by London standards.

  • Closest way to get to London Centre: By the Thameslink or Southern Rail from Streatham Station
  • Avg. room price: up to 500£ a month
  • Interesting sight in the neighbourhood: Tooting Common Park and Streatham Common

If you’re looking for a room on a shared apartment or a studio in London head over to Uniplaces where you’ll be able choose from many filters and rooms.

West London

7. Acton Town W3

Acton Town is located in West London, in Zone 2/3. It has excellent connections to the centre by the Piccadilly Line, Central Line and the District Line. Residents also have access to the Overground. Getting to say Leicester Square takes around 20 minutes. Acton is also close to the University of West London. The area is mainly residential, so you’re sure to find a reasonable house share here.

  • Closest way to get to London Centre: District or Piccadilly Line from Acton Town or the Central Line from East Acton
  • Avg. room price: 550-650£ a month
  • Interesting sight in the neighbourhood: Gunnersbury Park

View this post on Instagram

Yesterday Evening. Acton town, London

A post shared by Maximo Di Notte (@maximo_di_notte) on

8. Shepherd’s Bush W12

Shepherd’s Bush is located in West London, in Zone 2, only a short 15-minute tube ride away from the centre by the Hammersmith & City and Circle Lines. The area has all the amenities you might need, including the Westpoint Mall (the biggest mall in London) and a vibrant multicultural vibe. It is also walking distance to the beautiful Holland Park and the Kensington area.

  • Closest way to get to London Centre: By the Hammersmith&City or Circle Line
  • Avg. room price:
  • Interesting sight in the neighbourhood: Bush Hall and Shepherd’s Bush Market

East London

9. Leyton E10

Layton is a classic example of an East London neighbourhood with its diverse residents, edgy feel and affordable rental prices. Leyton is located in between Stratford, Walthamstow and Hackney and it is quite popular amongst students. The transport links from Leyton to the centre are good. You can either take the Central Line or the Overground (both Zone 3) and be at Oxford Circus in about 20 minutes. Rents average around 550-650£. The neighbouring area, Clapton, also boasts a similar vibe and great rental prices.

  • Closest way to get to London Centre: Central Line from Leytonstone
  • Avg. room price: 550-650£ a month
  • Interesting sight in the neighbourhood: Brooks Farm

Of course, finding a cheap apartment to share is only one of the ways to live on a budget in London (albeit one of the best ones), there are also many other hacks to make living in London more affordable on a student budget.  If you’re looking for a room to rent, a studio or an apartment, at Uniplaces we can help you out.

This post is also available in: French

Thanks for reading this post

Reset Filters