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

Properganda PR

National and local media coverage for property businesses. Journo quotes delivered in minutes.

You May Also Enjoy

Breaking News

UK house prices growing by 2.5% according to Halifax

Nathan Emerson, CEO of Propertymark: “This slight dip in house prices will likely have been influenced as a direct consequence to the current state of the global economy. There will always be a need for people to move house regardless of international trading relations; however, many aspiring or current homeowners will no doubt be discouraged…
Read More →
Breaking News

UK house prices dip slightly in May, but market remains steady

Average property price now £296,648 compared to £297,798 last month Annual rate of growth slows to +2.5% from +3.2% in April Overall house prices have remained stable so far this year Northern Ireland continues to lead annual price growth in the UK Amanda Bryden, Head of Mortgages, Halifax, said: “Average UK house prices fell by…
Read More →
Breaking News

Estate Agent Content

Do you think that your estate agency / property business requires content? Is content marketing still a thing in 2025? Are you concerned if anyone will read your words? Is it worth investing in estate agent content? Businesses with blogs generate 67% more leads than those without. As competition for attention online increases it remains…
Read More →
Breaking News

The cost of voids rises by £200 for England’s landlords

The latest analysis by Dwelly, one of the UK’s leading lettings acquisition and success planning experts, has found that landlords have been hit with a 26% increase in the cost of void periods in the past year, equivalent to lost income of almost £200. Dwelly analysed average void period data from March 2024 and March…
Read More →
Breaking News

Breaking Property News 5/06/25

Daily bite-sized proptech and property news in partnership with Proptech-X. Demand Rises for Housing and Infrastructure Projects Rising demand for housing, infrastructure and energy projects across Wales has driven continued growth at Lichfields’ Cardiff office, which this year marks 25 years in the capital. The team of 17 planning professionals is one of the largest…
Read More →
Breaking News

Construction continues to enjoy a season in the sun

Underlying performance is on the rise during Q.2 2025 Today, Glenigan, one of the construction industry’s leading insight experts, releases the June 2025 edition of its Construction Index. The Index focuses on the three months to the end of May 2025, covering all underlying projects, with a total value of £100m or less (unless otherwise…
Read More →