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

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 monthly property transactions for May 2025

Headline statistics from the latest transactions data include: the provisional seasonally adjusted estimate of the number of UK residential transactions in May 2025 is 81,470, 12% lower than May 2024 and 25% higher than April 2025 the provisional non-seasonally adjusted estimate of the number of UK residential transactions in May 2025 is 80,530, 13% lower than May 2024 and…
Read More
Breaking News

Construction Skills Mission Board (CSMB) shows the Government has a plan

The Construction Skills Mission Board (CSMB) held its first board meeting today (26 June 2025), where it set out a roadmap for recruiting 100,000 more construction workers a year by the end of Parliament. Richard Beresford, Chief Executive of the National Federation of Builders (NFB), said: “The Construction Skills Mission Board (CSMB) is a recognition…
Read More
Paint Stripper Tools
Estate Agent Talk

5 Strategies to Optimise Your Warehouse for Real Estate

The term fixer-upper can mean many things, from ‘slap some paint on the walls and it looks brand new’ to ‘will this building collapse if we open the front door?’ Indeed, in the dicey world of commercial property acquisition, each warehouse you buy will probably fall into both camps. Thinking about the viability of warehouses…
Read More
Breaking News

HMOs sell for up to 50% above market average

New research from Excellion Capital, the boutique debt advisory and investment firm, reveals that HMOs sell for as much as 50% above the average house price, further increasing their investment potential after it was revealed that HMOs also create rental yields of up to 12.5%. After previous research from Excellion Capital recently showed that the…
Read More
Breaking News

UK buyers struggle while 50,000 homes sit empty

As the UK housing crisis deepens, new analysis by Open Property Group exposes a worrying surge in so-called “zombie homes”- properties that sit unoccupied and deteriorating while millions struggle to access affordable housing. Key insights: 50,000+ long-term vacant homes in England alone 23,000+ of these have been empty for more than two years Estimated £13.6…
Read More
Breaking News

Breaking Property News 26/06/25

Daily bite-sized proptech and property news in partnership with Proptech-X.   The UK is Europe’s second most distressed market despite headline GDP growth Retail and Consumers Goods has emerged as the most distressed sector in Europe, with distress levels now the highest since the global financial crisis, according to the latest Weil European Distress Index (WEDI). The…
Read More