The cost-of-living has soared, and average London rental prices have reached a record high of £3,012 per month.
According to Home.co.uk, the cheapest London postcode to rent a 1-bedroom flat is Croydon, at an average of £1,200pcm. In the most expensive borough, Chelsea, that’ll set you back £2,600pcm.
If you want a 3-bed family home, you’ll need £1,950pcm in Croydon or a whopping £8,017pcm in Chelsea.
Moving out of London and commuting is a more affordable option. So where can you get the most for your money within an hour of the capital? We’ve found 5 affordable areas to rent closer to London for you.
Northampton, Northamptonshire
Northampton is closer to London than you might think, with a direct train to Euston in 59 minutes. If you’re willing to compromise a little on the commute, you could save a lot on rent. You’ll find 1-bed flats here for just £695pcm and 3-bed houses for £1,200pcm.
This market town is one of the largest in England and is bidding for City status. Perfect if you’re still chasing the buzz of a city, without the hefty price tag. The town centre is a vibrant hub of activity, full of popular shops and chain restaurants. You’ll love visiting its many museums, theatres, and galleries.
On the outskirts are some delightfully quaint villages with National Trust properties and cosy pubs to explore.
Stevenage, Hertfordshire
Stevenage is 27 miles North of London and just a 25-minute direct train ride from Kings Cross. This town is one of the more affordable in Hertfordshire with better value rental options. One-bedroom flats are available for an average of £1,080pcm while 3-bed houses are a decent £1,450pcm.
In the Old Town, you’ll find beautiful period homes, listed buildings and independent businesses. The New Town has a thriving high street and is currently undergoing a huge regeneration.
Luton Airport is just 13 miles away, so travelling abroad is a breeze.
Crawley, Sussex
43 minutes from London Victoria and 38 from Brighton, Crawley enjoys the best of both worlds. With the city and the seaside both in easy reach for day trips, Crawley is ideal for families. One bedroom flats average £963pcm and 3-bed homes come in at a reasonable £1,550.
This market town has everything you could need on its bustling high street. You’ll love the outdoor lifestyle with plenty of local parks and a regular farmers market. There’s also a busy calendar of local events, including comedy shows, food festivals and exhibitions.
Gatwick Airport, one of Britain’s busiest, is just outside the town so you’ll have the world at your feet.
Reading, Berkshire
Reading is a popular commuter town and for good reason. The fast train takes you to Paddington in a speedy 21 minutes. Its proximity to the M4 is also ideal for travelling around the South. 1-bed flats average at £950pm and 3-bed homes at £1,600.
It’s a multicultural hub of activity, famous for the annual Reading Festival and home to Reading University. Reading is a commercial centre with a thriving local economy. It’s home to Microsoft’s headquarters and many global tech companies have offices here. The friendly, diverse local population includes sizeable Polish and South-Asian communities.
Redhill, Surrey
Redhill is a great choice for those commuting into the city centre. A 30-minute train takes you into London Bridge. Direct lines also go to Blackfriars and Victoria within 40 minutes.
As you’d expect from its location in sought-after Surrey, rental prices are higher than the other areas on this list. Yet, it’s still more affordable than the capital. A 1-bedroom flat will set you back £1,050pcm, or snap up a 3-bed family home for £1,800pcm.
Redhill is only 11 miles South of Croydon, but you’ll get a lot more space for your money.
So, there you have it, 5 affordable areas to rent closer to London. If the rental crisis has priced you out of London, it’s definitely worth considering a move to one of these hot spots. Whether you’re in the market for your first flat or a more spacious family home, you don’t need to compromise on location to find something affordable. Why not take a day trip and explore these lovely towns for yourself?