Renting in London: Bexley revealed as the most affordable borough to rent a home in the capital

As rental prices across the capital continue to rise, the outer south-east London borough of Bexley is the cheapest area in the capital to rent a home.

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London rents are now the highest of any global city, with further rises in 2015 pushing the average cost to £2,083 a month, according to new research by CBRE Residential.

But with average rental costs of £1,007 a month - less than half the price of the capital's average - Bexley is attracting renters looking for affordable homes within an hour's commute of central London. 

The borough, taking in Sidcup, Crayford, Barnehurst and Thamesmead East, sits east of Greenwich on the outer edge of the capital in travel Zone 6. Rail services to Charing Cross start from 36 minutes, and Cannon Street from 43 minutes.  

Family-friendly Bexley was also recently named the best place to bring up a child in London, thanks to its open spaces and high-performing grammar schools, while independent shops and open spaces also give the borough wide appeal.

Also in the east, Havering (£1,083 pcm) and Barking and Dagenham (£1,162 pcm) were revealed as the next most affordable boroughs in the capital to rent a home, while Kensington and Chelsea recorded the highest rental figures.

Last year, about 30 per cent of all households were renting in the capital - with many young Londoners considering long-term renting as the norm as spiralling property prices continue to exclude many would-be buyers


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