Renting in London’s walk to work hotspots cost £2kpm – here’s where you can do it for less

June 17, 2020

The latest research by lettings management platform, Howsy, has revealed the cost of renting across the capital’s walk to work hotspots, as well as which offer the most affordable option for tenants looking to shun public transport when finally returning to work.

Howsy looked at the cost of renting across 20 areas of London that offer a stroll into the City of London taking an hour or less.

The research shows that across these 20 locations the average cost of renting is £2,001; 18% higher than the current London average.

The least affordable walk to work rental hotspot is Mayfair, with an average rent of £2,786 per month making it 64% more than the London average.

Charing Cross (£2,710) also ranks high for rental costs coming in 60% above the London average, with Shoreditch (£2,683), Euston (£2,194), Vauxhall (£2,186), Clerkenwell (£2,139), Lambeth (£2,097) and Holborn (£2,066) all coming in above £2,000 per month.

If you’re looking for an affordable walk to work rental location, Mile End is home to an average rent of just £1,494; less than an hour’s walk to the City of London and -12% more affordable than the London average.

Camberwell (-2%), Bethnal Green (-1%), Cambridge Heath (-1%) and Hoxton (-1%) are also home to a marginally more affordable rental cost compared to the London average and all within an hour’s walk of the city.

Walk to Work Rental Hotspots within an Hour of the City of London
Location
Average Monthly Rent
Difference to London Average
Mile End
£1,494
-12%
Camberwell
£1,667
-2%
Bethnal Green
£1,679
-1%
Cambridge Heath
£1,679
-1%
Hoxton
£1,679
-1%
Rotherhithe
£1,728
2%
Limehouse
£1,739
2%
Whitechapel
£1,861
10%
Wapping
£1,861
10%
Bermondsey
£1,913
13%
Kennington
£1,926
13%
Walworth
£1,928
14%
Holborn
£2,066
22%
Lambeth
£2,097
24%
Clerkenwell
£2,139
26%
Vauxhall
£2,186
29%
Euston
£2,194
29%
Shoreditch
£2,683
58%
Charing Cross
£2,710
60%
Mayfair
£2,786
64%
Walk to Work Average
£2,001
18%
London Average
£1,697
N/A

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