The top 25 areas for students to rent in London

New research has earmarked Woolwich, Deptford and Leytonstone as the capital’s top three areas for students to rent.

London's rental market is heating up as thousands of students begin their search for a place to live in the next academic year. With rental rates in the capital at an all-time high, many will consider living further out to reduce their monthly spend.

New research from London rental website Rentonomy has earmarked the south-east London district of Woolwich as the capital’s top area for students to rent.

The report, which analyses 200 postcode districts across the capital, compares average monthly room costs, journey times to central London, crime levels - and the all-important number of local pubs, bars and clubs - to rank the top 25 areas for students to live throughout the capital. 

"The reason Woolwich wins is because it represents the best compromise location for students. It is relatively cheap to rent there, well connected to the centre and the overall standard of the other factors are the best," says David Butler of Rentonomy. Local rents in Woolwich are 27 per cent below the London average and 11 per cent below the average for the borough. 

Stephen Ludlow, a local estate agent and director of Ludlow Thompson, says that as this part of south-east London is close to many universities, so it isn't uncommon for several groups of students to compete for the same property. Three-bedroom ex-local authority flats in Woolwich tend to rent for about £1,700 a month.
Other areas ranked among the top five by Rentonomy include Deptford, Leytonstone, Stratford and Streatham.

IMAGE GALLERY: BROWSE THE TOP 10 AREAS FOR STUDENTS TO RENT IN LONDON



TOP TIPS FOR STUDENT SHARERS WHEN APPLYING FOR RENTAL PROPERTIES:
With the student letting market so competitive, Ludlow offers the following advice for renters looking to snap up a share house:
  • Be organised and confirm parental guarantors.
  • Provide background on how long your group has known each other to demonstrate a good relationship to potential landlords.
  • Details of weekend or shift work will demonstrate reliability and stability.
  • Request a two-year lease if applicable; longer agreements will be attractive to landlords.

THE FULL LIST: RENTONOMY'S TOP 25 PLACES FOR STUDENTS TO RENT
View the full report here

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Methodology: Rentonomy has analysed five key metrics; rent for a room, journey time to the centre, crime levels, number of pubs and bars and the existing socio-demographic make-up of the area. The first two, which most young Londoners consider the most important, have been double weighted in the final score. All metrics were combined to form a final score. 
 

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