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Where is London’s most affordable commuter rental hotspot?

The best-connected rental hotspot in terms of the sheer number of stations and the affordable cost of renting has been identified by Spotahome. 

The PropTech startup looked at the number of train or tram stations and the average rental cost in each borough, in order to assess what this equated to as a rental cost per station. 

The research reveals that on average an underground, overground, DLR or tram link commands £87 in rent for every station located in a borough, and as a result, renting in a London borough with good transport connectivity can cost 101% more in rent. 

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Based on the data, Croydon is London’s most affordable commuter rental hotspot. It has 42 train and tram stations in London, which is more than anywhere else in the capital, along with the second most affordable average rental cost at an average of £1,136 per calendar month. Combined, this equates to a transport rental cost of just £27 per station, the lowest in London.

 

Bromley is also home to a low rental cost per station at £43 in rent for each of its 31 stations. Newham (£51), Ealing (£52), Tower Hamlets (£56), Lewisham (£60), Merton (£61), Brent (£61), Havering (£62) and Enfield (£62) also rank high for the affordability of their rental cost per train or tram station.

With just five tram or train stations and an average monthly rent of £1,407, Harrow is home to the highest rental cost per station at £281.

London Boroughs ranked by the lowest rental cost per train or tram station

Borough

Total stations (underground / overground / railway / DLR / tramlink)

Average Borough Rent

Rental Cost per Station

Croydon

42

£1,136

£27

Bromley

31

£1,321

£43

Newham

28

£1,424

£51

Ealing

28

£1,463

£52

Tower Hamlets

32

£1,803

£56

Lewisham

22

£1,324

£60

Merton

25

£1,530

£61

Brent

25

£1,535

£61

Havering

19

£1,169

£62

Enfield

21

£1,310

£62

Hillingdon

19

£1,270

£67

Barnet

19

£1,523

£80

Haringey

19

£1,558

£82

Greenwich

17

£1,404

£83

Southwark

20

£1,654

£83

Lambeth

21

£1,754

£84

Westminster

35

£3,018

£86

Camden

29

£2,536

£87

Redbridge

15

£1,318

£88

Bexley

11

£1,106

£101

Hounslow

14

£1,432

£102

Sutton

11

£1,167

£106

Waltham Forest

12

£1,309

£109

Islington

16

£1,914

£120

Richmond upon Thames

15

£1,857

£124

Hammersmith and Fulham

17

£2,117

£125

Wandsworth

15

£1,883

£126

City of London

18

£2,446

£136

Hackney

13

£1,834

£141

Kingston upon Thames

9

£1,390

£154

Barking and Dagenham

7

£1,194

£171

Kensington and Chelsea

12

£3,053

£254

Harrow

5

£1,407

£281

Average

19

£1,697

£87

Rental data sourced from the ONS

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