10 Cheapest Areas to Rent in London: The Ultimate Guide 2025 With living costs on the rise and rent prices climbing across the UK, finding an affordable place to live in London may seem impossible. But despite its reputation for sky-high rent, there are still areas offering budget-friendly housing if you know where to look . Whether you're a student, young professional, or simply looking to cut costs, this updated 2025 guide will help you discover the cheapest areas to rent in London without sacrificing location or lifestyle. 1. Barking and Dagenham Barking and Dagenham consistently ranks among the most affordable boroughs in London. Thanks to regeneration projects and improved transport links, this area offers great value. Average rent: From £1,100/month for a one-bedroom flat. 2. Bexley Situated in Southeast London, Bexley delivers a suburban feel with excellent commuting routes to central London. Properties here often come with gardens and are priced well below the city aver...