Affordable London Neighborhoods with Low Rent-to-Income Ratios
London is known for its expensive housing market, with residents often spending a large portion of their income on rent. According to data from the Trust for London, the average Londoner spends 46.4% of their income on rent each month for a one-bedroom property. This is significantly higher than the UK average of 25%.
The borough of Westminster tops the list as the least affordable area, with residents spending a staggering 75.4% of their salary on rent for a one-bedroom home. Kensington and Chelsea follow closely behind, with residents paying 73% of their income on rent. Other areas with high rent-to-income ratios include Islington, Camden, and Tower Hamlets.
However, there are some London boroughs where residents spend a smaller percentage of their income on rent. Bexley, located in outer south-east London, has an average rent-to-income ratio of 33.2% for a one-bedroom property. This borough is popular among commuters, with trains to Charing Cross taking just half an hour.
Havering, situated just inside the M25, also has a rent-to-income ratio of 33.2% for a one-bedroom flat. Commuters in Havering can reach Tottenham Court Road in 35 minutes via the Elizabeth line. The borough is known for its parks and green spaces, such as Raphael Park and Havering Country Park.
Sutton, officially the London borough with the lowest rent-to-income ratio, has an average of 32.3% for a one-bedroom home. Located in outer South London, Sutton is home to the Honeywood Museum and Whitehall Historic House, offering residents a range of cultural and historical attractions.
Overall, while London’s housing market is notoriously expensive, there are some boroughs where residents can find more affordable rent options. These areas provide a balance between cost and quality of living, making them attractive options for those looking to save on rent while enjoying the benefits of living in London.
