london's 'quaint' borough is the cheapest to rent at £1,485 — but it might not be for long

The cheapest borough to rent in London has been revealed (Picture: Getty Images)

It’s no secret that renting in London typically comes with a huge price tag.

But if your tenancy is up for renewal and you’re looking for a bit of respite from it all,one ‘quaint’ borough could provide you with slightly more bang for your buck.

According to new data from the Office for National Statistics,Bexley remains the cheapest London borough to rent in,with average monthly figures of £1,485.

The figure was calculated by combining the average across all types of properties,from studio flats to larger homes with multiple rooms.

Over the last year,rents in London have increased by a staggering 7.3% overall,levelling out at £2,252 across the capital,a figure that’s jumped up by £152 since June 2024,when the going rate was £2,100.

Naturally,the most expensive borough is still Kensington and Chelsea,where renters are shelling out £3,616 for their digs.

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This article was first published on August 7,2024.

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