According to Telegraph, London has the highest rent rate amongst all the cities in the world, averaging about £2,083 per month, CBRE says. As much as this hike in the rent price rate is, which has only increased over the years, renting an apartment in London is still very much possible without leaving you broke, as there is a huge variation in rent prices across the city.
Getting the best location for rental is not just about the price but it also has to do with your way of life, the things you love to do, your career, and definitely, the money you have available.
The places where you can get the most affordable rent rates are:Bexley, Havering, Sutton, Acton, Bromley, Barking and Dagenham, Enfield, Redbridge, Croydon, Waltham Forest, Hilingdon, Forest Gate and Bromley. Their prices differ with Bexley costing the cheapest at £1,007 per month and Forest Gate and Acton going up to £1,700 per month.Rental apartments in Kensington and Chelsea arguably cost the most in the city. The south-eastern boroughs of London, Bexley, Havering, and Dagenham are the most affordable to get apartments for rent in London and usually end up being the choices of most people. The proximity to impeccable transport network, parks and their cheap prices have made the demand for them increase. While Bexley may not want to be your choice is due to its location in Outer London but with the streaming crowd into the area, this does not matter a lot anymore as it has seen rapid growth.
One of the reason why rent prices in London are always on the rise is because of the ever growing immigration number.
For Young Business and Professional Minds
Where to live in London for young professionals is usually one of the most asked questions by young immigrants in London. Hackney and Shoreditch would be the recommended best places to live in London as young professionals who needs to be able to move to places very fast and get to central London within minutes. Everyone within these boroughs are into business one way or the other and always on the move. Do not fret because there is always a flat for rental in Shoreditch.
For Pet Owners
Stoke Newington is just the place for every pet owner. It houses a great number of dog friendly apartments in London. The nice open spaces and a great deal of parks are walking distances away. Clissold and Abney Park are also nice choices for a good walk. 115 acres of Finsbury during the weekend serves the same purpose and it is just two miles away. There is easy access to the tube that takes you to the town when you need to get to work.
Amongst those who move to London, an appreciable percentage of them are students and there are locations in London that have in mind that Students are usually on very low budgets. Woolwich is one of these places and they have very low rental prices compared to other areas in London that will be affordable for students. Other areas are Deotford, Leytonstone, Streatham and Stratford according to Rentonomy. All of these places provide easy access to the city center and they have Wembley Park and Greenwich close by for relaxation. There are even very affordable flats for rental in Greenwich and rental apartments in Greenwich are quite safe.
Rental apartments in shoreditch, notting hill, as well as flats for rental in Wimbledon and flat for rental in marylebone area other great options that should be considered.