Where in London Can You Rent a Flat for £1,500?

Yes, but the choice is narrow for a one-bedroom flat. Of 56,604 one-bedroom ads first seen 15 July to 12 October 2026, 16.6% asked £1,500 pcm or less. For studios it was 46.4% of 14,648 ads. For two-bedroom flats it was 0.9%.

Published 14 October 2026. Asking rents in London ads first seen 15 July to 12 October 2026.

These figures come from London rental ads that RentReboot collected. They are asking rents, not the rents people agreed, and "within £1,500" means an ask of £1,500 pcm or less. The median one-bedroom flat asked £2,050 pcm, the median studio £1,590 and the median two-bedroom flat £2,650.

Where you look changes the answer more than anything else. In 20 of our 100 London neighbourhoods, at least half of the one-bedroom ads asked £1,500 or less. In 41 neighbourhoods, fewer than 5% did.

Use the finder below to set your own budget and home size.

Find London neighbourhoods within your budget: share at or under £1,500 pcm

Every London neighbourhood, ranked by the share of 1 bedroom ads at or under £1,500.

Find London neighbourhoods within your budget: share at or under £1,500 pcm
NeighbourhoodRegion1 bedroom within £1,500Studios within £1,5001 bedroom median
Erith & ThamesmeadSouth93.8% (91 of 97)fewer than 30 ads£1,300
Bexleyheath & SidcupSouth90.7% (146 of 161)fewer than 30 ads£1,400
Orpington & Biggin HillSouth90.6% (58 of 64)fewer than 30 ads£1,350
Sutton & CarshaltonSouth89.9% (384 of 427)98.6% (68 of 69)£1,350
Romford & HornchurchEast88.4% (190 of 215)fewer than 30 ads£1,400
Edmonton & Ponders EndNorth83.9% (167 of 199)95.1% (77 of 81)£1,450
Purley, Coulsdon & SandersteadSouth81.7% (98 of 120)fewer than 30 ads£1,400
Ilford, Barkingside & GoodmayesEast70.5% (256 of 363)94.3% (66 of 70)£1,450
Hounslow, Feltham & HestonWest69.8% (386 of 553)90.7% (214 of 236)£1,430
Chingford & Highams ParkEast67.7% (44 of 65)fewer than 30 ads£1,500
Croydon & AddiscombeSouth66.7% (1,013 of 1,518)99.6% (474 of 476)£1,453
Wanstead, Woodford & SnaresbrookEast64.7% (119 of 184)100.0% (30 of 30)£1,475
Bromley, Beckenham & PengeSouth62.7% (348 of 555)91.1% (41 of 45)£1,495
Surbiton, Tolworth & New MaldenSouth61.9% (109 of 176)88.2% (30 of 34)£1,500
Harrow & StanmoreWest60.2% (409 of 679)91.9% (432 of 470)£1,495
Uxbridge, Hayes & RuislipWest59.6% (480 of 805)58.3% (165 of 283)£1,500
Enfield & SouthgateNorth57.3% (220 of 384)98.0% (99 of 101)£1,500
Barking & DagenhamEast55.4% (236 of 426)fewer than 30 ads£1,500
Catford & Forest HillSouth54.2% (218 of 402)98.9% (87 of 88)£1,500
East Ham & Forest GateEast50.3% (173 of 344)fewer than 30 ads£1,500
Southall, Greenford & NortholtWest49.2% (296 of 602)56.0% (121 of 216)£1,517
Leyton & LeytonstoneEast47.3% (116 of 245)100.0% (49 of 49)£1,550
Barnet & WhetstoneNorth41.1% (122 of 297)93.0% (53 of 57)£1,550
Mitcham & MordenSouth39.2% (152 of 388)96.9% (124 of 128)£1,600
Woolwich & PlumsteadSouth38.2% (206 of 539)37.0% (17 of 46)£1,650
Eltham & KidbrookeSouth34.3% (79 of 230)fewer than 30 ads£1,712
Blackheath & LewishamSouth31.0% (158 of 510)85.7% (90 of 105)£1,655
StreathamSouth29.1% (112 of 385)82.3% (51 of 62)£1,600
Kingston & NorbitonSouth29.0% (86 of 297)47.2% (85 of 180)£1,650
Twickenham & TeddingtonWest28.1% (91 of 324)95.9% (47 of 49)£1,750
Harlesden & Kensal GreenNorth25.8% (54 of 209)91.3% (95 of 104)£1,650
Deptford & New CrossSouth21.6% (151 of 699)77.3% (92 of 119)£1,750
Herne Hill & Tulse HillSouth21.2% (76 of 359)80.9% (38 of 47)£1,695
Harringay & Seven SistersNorth20.9% (65 of 311)88.2% (105 of 119)£1,750
Hendon, Colindale & Mill HillNorth19.7% (204 of 1,036)38.8% (176 of 454)£1,850
Ealing & HanwellWest18.5% (183 of 990)58.7% (220 of 375)£1,700
Balham & TootingSouth17.1% (100 of 585)64.4% (47 of 73)£1,750
Finchley & Golders GreenNorth16.7% (164 of 983)71.8% (245 of 341)£1,900
WembleyNorth15.8% (255 of 1,611)28.4% (139 of 490)£1,850
Crouch End & Muswell HillNorth15.6% (86 of 552)84.6% (104 of 123)£1,800
TottenhamNorth15.0% (172 of 1,145)55.1% (124 of 225)£2,200
Kilburn & WillesdenNorth14.9% (118 of 794)64.9% (407 of 627)£1,900
Brentford & IsleworthWest14.4% (80 of 554)75.9% (120 of 158)£1,700
Peckham & NunheadSouth12.3% (34 of 277)100.0% (37 of 37)£1,750
WalthamstowEast11.9% (168 of 1,406)13.7% (34 of 249)£2,300
WimbledonSouth11.3% (43 of 379)75.9% (44 of 58)£1,845
Canning Town & Royal DocksEast10.9% (92 of 847)21.6% (21 of 97)£1,950
DulwichSouth10.7% (6 of 56)fewer than 30 ads£1,650
ActonWest10.6% (82 of 771)67.2% (289 of 430)£2,000
Greenwich & CharltonSouth10.0% (71 of 709)58.1% (54 of 93)£1,900
Stratford & Olympic ParkEast8.0% (48 of 600)11.9% (16 of 134)£2,250
Finsbury Park & TollingtonNorth6.5% (16 of 247)68.6% (35 of 51)£1,900
Stoke Newington & ClissoldNorth6.1% (30 of 491)82.5% (85 of 103)£2,100
CamberwellSouth5.9% (8 of 135)76.7% (23 of 30)£1,800
Hackney Central & HomertonEast5.7% (27 of 477)78.3% (47 of 60)£2,000
ChiswickWest5.5% (17 of 307)82.5% (47 of 57)£2,000
Putney & RoehamptonSouth5.5% (18 of 329)46.7% (14 of 30)£1,995
Shepherd's Bush & White CityWest5.1% (21 of 415)42.4% (36 of 85)£2,270
Clapham Junction & NorthcoteSouth5.0% (9 of 180)24.1% (27 of 112)£1,900
Dalston & London FieldsEast4.1% (11 of 269)48.6% (18 of 37)£2,200
Notting Hill & Ladbroke GroveWest3.7% (24 of 643)47.2% (68 of 144)£2,650
Bermondsey & RotherhitheSouth3.7% (34 of 918)2.6% (9 of 347)£2,773
ClaphamSouth3.7% (14 of 381)60.0% (18 of 30)£2,175
BrixtonSouth3.6% (12 of 335)84.1% (53 of 63)£1,980
Holloway & Tufnell ParkNorth3.6% (16 of 450)77.9% (74 of 95)£2,054
Hammersmith & Brook GreenWest3.4% (38 of 1,122)46.4% (208 of 448)£2,150
West Hampstead & KilburnNorth3.3% (17 of 510)58.1% (147 of 253)£2,000
Wandsworth Town & EarlsfieldSouth3.2% (27 of 843)46.2% (103 of 223)£2,295
Camden Town & Primrose HillNorth3.1% (17 of 556)25.5% (35 of 137)£2,496
Richmond & KewWest2.8% (9 of 316)59.4% (19 of 32)£1,850
Kentish Town & Gospel OakNorth2.6% (9 of 342)53.5% (23 of 43)£2,200
Bow & PoplarEast2.6% (26 of 995)11.5% (11 of 96)£2,050
Hampstead & Belsize ParkNorth2.2% (7 of 320)32.4% (61 of 188)£2,525
Whitechapel & StepneyEast2.2% (23 of 1,052)8.9% (29 of 327)£2,100
Elephant & Castle & WalworthSouth2.1% (13 of 623)25.8% (16 of 62)£2,450
Kennington, Oval & VauxhallSouth1.9% (10 of 514)12.8% (10 of 78)£2,850
Pimlico & VictoriaCentral1.7% (8 of 481)32.4% (57 of 176)£2,700
Highbury & CanonburyNorth1.5% (8 of 523)56.4% (44 of 78)£2,295
StockwellSouth1.2% (3 of 242)57.8% (37 of 64)£2,100
Waterloo & South BankCentral1.2% (2 of 162)fewer than 30 ads£2,750
Kensington & Holland ParkWest1.0% (11 of 1,082)19.1% (117 of 611)£3,195
Bethnal Green & SpitalfieldsEast1.0% (6 of 614)4.1% (8 of 196)£2,250
Bloomsbury & King's CrossCentral1.0% (6 of 616)3.8% (11 of 293)£2,751
Battersea & Nine ElmsSouth1.0% (10 of 1,048)8.5% (17 of 201)£2,925
Wapping & LimehouseEast0.9% (3 of 351)5.7% (2 of 35)£2,250
Islington & AngelNorth0.8% (6 of 736)36.3% (37 of 102)£2,750
Mayfair & St James'sCentral0.8% (3 of 388)4.7% (3 of 64)£3,600
Clerkenwell & FarringdonCentral0.7% (2 of 269)2.4% (1 of 41)£2,701
Marylebone & FitzroviaCentral0.7% (6 of 854)7.4% (17 of 229)£3,077
Paddington & BayswaterWest0.6% (10 of 1,637)23.7% (104 of 438)£3,098
Canary Wharf & Isle of DogsEast0.6% (12 of 2,057)3.4% (13 of 383)£2,645
FulhamWest0.6% (5 of 893)30.6% (38 of 124)£2,600
Borough & BanksideCentral0.5% (3 of 553)11.6% (5 of 43)£2,500
Queen's Park & Harrow RoadWest0.5% (2 of 388)80.6% (25 of 31)£2,300
Shoreditch & HoxtonEast0.5% (3 of 650)13.0% (6 of 46)£2,575
Maida Vale & St John's WoodWest0.3% (1 of 329)21.7% (10 of 46)£2,500
The CityCentral0.3% (1 of 394)0.0% (0 of 77)£2,750
Chelsea & Earl's CourtWest0.2% (3 of 1,569)8.8% (45 of 509)£2,925
Soho & Covent GardenCentral0.2% (2 of 1,268)2.5% (7 of 282)£3,467
Belgravia & KnightsbridgeCentral0.0% (0 of 303)16.7% (6 of 36)£3,575

Whole-home ads first seen 15 July 2026 to 12 October 2026 (90 days). Asking rents in pounds per calendar month (pcm), at or under each budget. One ad per property record. Neighbourhoods with fewer than 30 ads of the chosen size are left out.


How much of London's flat market is within £1,500?

Every figure here uses the same rules as our London average rent pages: the latest ad for each property, asking rent between £300 and £30,000 pcm, first seen in a 90-day window. Studios are whole homes listed with 0 bedrooms.

Share of London ads at or under each budget

Whole homes by size, plus rooms in shared homes for comparison.

Share of London ads at or under each budget
Kind of home (ads)Within £1,250Within £1,500Within £1,750Within £2,000Median
Studio (14,648)21.8%46.4%61.9%75.6%£1,590
1 bedroom (56,604)3.4%16.6%31.9%49.5%£2,050
2 bedrooms (73,590)0.1%0.9%8.2%21.5%£2,650
Room (34,667)85.0%95.2%97.7%98.7%£950

Whole-home ads first seen 15 July 2026 to 12 October 2026 (90 days). Asking rents in pounds per calendar month (pcm), at or under each budget. One ad per property record.

  • Studio: 6,801 of 14,648 ads (46.4%) asked £1,500 or less. At £1,250 it was 21.8%, and at £2,000 it was 75.6%.
  • 1 bedroom flat: 9,384 of 56,604 ads (16.6%) asked £1,500 or less. At £1,750 it was 31.9%, and at £2,000 it was 49.5%.
  • 2 bedroom flat: 682 of 73,590 ads (0.9%) asked £1,500 or less. At £2,000 it was 21.5%.

Many one-bedroom asks sit exactly on the round number. 2,000 of the 9,384 one-bedroom ads within £1,500 (21.3%) asked exactly £1,500 pcm.

How much of London fits your budget

Share of whole-home ads at or under each monthly budget, £800 to £3,000.

How much of London fits your budget
Budget (pcm)Studio1 bedroom2 bedrooms
£1,0007.1%1.2%0.1%
£1,25021.8%3.4%0.1%
£1,50046.4%16.6%0.9%
£1,75061.9%31.9%8.2%
£2,00075.6%49.5%21.5%
£2,25083.2%61.4%32.0%
£2,50089.2%72.5%45.3%
£2,75093.1%79.0%54.4%
£3,00096.4%85.4%64.3%

Whole-home ads first seen 15 July 2026 to 12 October 2026 (90 days). Asking rents in pounds per calendar month (pcm), at or under each budget. One ad per property record.


Which London neighbourhoods have the most 1 bedroom flats for £1,500?

All 100 of our London neighbourhoods had at least 30 one-bedroom ads in the window. The share at or under £1,500 ranged from 0% to 93.8%.

Where most 1 bedroom ads asked £1,500 or less

The 15 neighbourhoods with the highest share, among those with at least 30 one-bedroom ads.

Where most 1 bedroom ads asked £1,500 or less
NeighbourhoodWithin £1,500Median
Erith & Thamesmead93.8% (91 of 97)£1,300
Bexleyheath & Sidcup90.7% (146 of 161)£1,400
Orpington & Biggin Hill90.6% (58 of 64)£1,350
Sutton & Carshalton89.9% (384 of 427)£1,350
Romford & Hornchurch88.4% (190 of 215)£1,400
Edmonton & Ponders End83.9% (167 of 199)£1,450
Purley, Coulsdon & Sanderstead81.7% (98 of 120)£1,400
Ilford, Barkingside & Goodmayes70.5% (256 of 363)£1,450
Hounslow, Feltham & Heston69.8% (386 of 553)£1,430
Chingford & Highams Park67.7% (44 of 65)£1,500
Croydon & Addiscombe66.7% (1,013 of 1,518)£1,453
Wanstead, Woodford & Snaresbrook64.7% (119 of 184)£1,475
Bromley, Beckenham & Penge62.7% (348 of 555)£1,495
Surbiton, Tolworth & New Malden61.9% (109 of 176)£1,500
Harrow & Stanmore60.2% (409 of 679)£1,495

Whole-home ads first seen 15 July 2026 to 12 October 2026 (90 days). Asking rents in pounds per calendar month (pcm), at or under each budget. One ad per property record.

  • Erith & Thamesmead: 91 of 97 one-bedroom ads (93.8%) asked £1,500 or less. The median was £1,300.
  • Bexleyheath & Sidcup: 146 of 161 (90.7%).
  • Orpington & Biggin Hill: 58 of 64 (90.6%).
  • Sutton & Carshalton: 384 of 427 (89.9%).
  • Romford & Hornchurch: 190 of 215 (88.4%).
  • Edmonton & Ponders End: 167 of 199 (83.9%).

Further in, the share was low. In Belgravia & Knightsbridge, none of 303 one-bedroom ads asked £1,500 or less. In Soho & Covent Garden it was 2 of 1,268, and in Chelsea & Earl's Court 3 of 1,569.

  • 20 of 100 neighbourhoods had at least half of their one-bedroom ads at or under £1,500.
  • 31 of 100 had at least a quarter.
  • 41 of 100 had fewer than 5%.

Each neighbourhood links to its average rent page, which shows medians by home size.


Where can you find a studio for £1,500 in London?

A studio stretches a £1,500 budget much further. 89 neighbourhoods had at least 30 studio ads, and in 48 of them at least half asked £1,500 or less.

  • Croydon & Addiscombe: 474 of 476 studio ads (99.6%) asked £1,500 or less, with a median of £1,200.
  • Leyton & Leytonstone, Peckham & Nunhead, and Wanstead, Woodford & Snaresbrook: every studio ad asked £1,500 or less, but each area had fewer than 50 studio ads (49, 37 and 30).
  • The City: none of 77 studio ads. Canary Wharf & Isle of Dogs: 13 of 383 (3.4%). Bermondsey & Rotherhithe: 9 of 347 (2.6%).

A studio here is a whole home with 0 bedrooms. A small number are bedsits: 96 of the 14,648 studio ads (0.7%) used the word "bedsit", and 78 of the 6,801 studio ads within £1,500 (1.1%). Check whether the kitchen and bathroom are your own before you book a viewing.


Central, East, North, South and West London at £1,500

Share of studios and 1 bedroom flats at or under £1,500, by region

Central, East, North, South and West London.

Share of studios and 1 bedroom flats at or under £1,500, by region
RegionStudios within £1,5001 bedroom within £1,500
Central8.5% (107 of 1,265)0.6% (33 of 5,288)
East22.2% (418 of 1,886)13.9% (1,553 of 11,160)
North57.4% (2,165 of 3,772)15.0% (1,753 of 11,696)
South59.9% (1,786 of 2,983)26.9% (3,897 of 14,481)
West49.0% (2,325 of 4,742)15.4% (2,148 of 13,979)

Whole-home ads first seen 15 July 2026 to 12 October 2026 (90 days). Asking rents in pounds per calendar month (pcm), at or under each budget. One ad per property record.

Share of ads at or under £1,500 pcm by region, with the number of ads
RegionStudios within £1,5001 bedroom within £1,500
Central8.5% (107 of 1,265)0.6% (33 of 5,288)
East22.2% (418 of 1,886)13.9% (1,553 of 11,160)
North57.4% (2,165 of 3,772)15.0% (1,753 of 11,696)
South59.9% (1,786 of 2,983)26.9% (3,897 of 14,481)
West49.0% (2,325 of 4,742)15.4% (2,148 of 13,979)

South London had the highest share of one-bedroom ads within £1,500 (26.9%). Central London had the lowest: 33 of 5,288 one-bedroom ads.


What a bigger budget buys: £1,750, £2,000 and 2 bedroom flats

  • At £1,750, 31.9% of one-bedroom ads and 61.9% of studio ads were within budget.
  • At £2,000, about half of one-bedroom ads (49.5%) and 21.5% of two-bedroom ads were within budget.
  • For a two-bedroom flat at £2,000, the highest shares were in Orpington & Biggin Hill (98 of 99 ads), Purley, Coulsdon & Sanderstead (96.8% of 185), Erith & Thamesmead (94.0% of 168), Sutton & Carshalton (561 of 598) and Romford & Hornchurch (93.5% of 341).

Set the finder above to £2,000 and "2 bedrooms" to see every neighbourhood.


Is a room the cheaper option in London?

If £1,500 has to cover bills too, a room in a shared home is the option most often within budget. 95.2% of 34,667 room ads asked £1,500 or less, and the median room asked £950 pcm. Our report on how much a room in London costs vs a studio compares the two by neighbourhood, including which room ads include bills.

Before you settle on a budget, add the costs that a rent figure leaves out: council tax, energy, water and broadband. Our guide to the total monthly cost of renting in London lists them.


How we measured London flat rents within £1,500

  • Data: London rental ads RentReboot collected from property portals, letting agents' own websites, landlord-direct sites and classified boards, first seen from 15 July to 12 October 2026 (90 days). We do not name or count individual listing sites.
  • One ad per property: for each property record we keep the latest ad in the window. London property records do not always join the same home across sites, so a home posted on two sites can count twice. When we instead count each distinct ad text, rent and area once, the share within £1,500 is 49.8% for studios (11,113 adverts), 17.7% for one-bedroom flats (46,995) and 1.0% for two-bedroom flats (62,161).
  • Kinds of home: a studio is a whole home with 0 bedrooms, which can include some bedsits. A one-bedroom flat is a whole home with 1 bedroom. Rooms in shared homes are counted separately.
  • Budget: "within £1,500" means an asking rent of £1,500 pcm or less. Weekly prices are converted at 52 weeks ÷ 12 months.
  • Areas: each ad's ward is mapped to one of our 100 London neighbourhoods and five regions. A neighbourhood share needs at least 30 ads of that size.
  • Same window as our room report: these are the same 90 days and rules as our room vs studio report. Studio counts match it. Room and one-bedroom counts differ by a few dozen ads, because some records were updated after that report was run.

The queries and results are in our code repository under scripts/analysis/london-flat-budget-2026.


London flat budget FAQ

Can you rent a flat in London for £1,500 a month?

Yes, but the choice is narrow. In ads first seen 15 July to 12 October 2026, 46.4% of studio ads (6,801 of 14,648) and 16.6% of one-bedroom ads (9,384 of 56,604) asked £1,500 pcm or less. For two-bedroom flats it was 0.9%. Central London had 33 of the 9,384 one-bedroom ads within £1,500.

What are the cheapest areas to rent a flat in London?

By the share of one-bedroom ads at or under £1,500 pcm, the top areas were Erith & Thamesmead (93.8% of 97 ads), Bexleyheath & Sidcup (90.7% of 161), Orpington & Biggin Hill (90.6% of 64), Sutton & Carshalton (89.9% of 427) and Romford & Hornchurch (88.4% of 215). All five are in outer London boroughs in the south and east of the city.

Where can I rent a one-bedroom flat in London for £1,500?

In 20 of our 100 London neighbourhoods, at least half of one-bedroom ads asked £1,500 pcm or less. South London had the highest share by region: 26.9% of 14,481 one-bedroom ads. Use the finder on this page to rank every neighbourhood at your budget.

Can you rent a studio in central London for £1,500?

Rarely. Of 1,265 studio ads in Central London, 107 (8.5%) asked £1,500 pcm or less. In The City none of 77 studio ads did. London-wide, 46.4% of studio ads were within £1,500, and North and South London had the highest shares (57.4% and 59.9%).

How much is a two-bedroom flat in London?

The median two-bedroom ad asked £2,650 pcm (73,590 ads, 15 July to 12 October 2026). Only 0.9% asked £1,500 or less, and 21.5% asked £2,000 or less. At £2,000 the highest shares were in Orpington & Biggin Hill, Purley, Coulsdon & Sanderstead, and Erith & Thamesmead.

Is it cheaper to rent a room than a flat in London?

Yes, by asking rent. The median room in a shared home asked £950 pcm (34,667 ads), against £1,590 for a studio and £2,050 for a one-bedroom flat. 95.2% of room ads asked £1,500 or less. Many room ads include bills, so compare what each price covers.


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