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Renting in London between £2000 and £3000 per month

If money were no object, where in London would you want to live? This a common question that throws up the usual answers – from Chelsea and Kensington in the centre of town to Richmond on the outskirts. Whether you can afford to live in these salubrious locations or not depends entirely on your relocation budget; the lion’s share of which will be rent for most people.

Your budget will, therefore, dictate where you should focus your property search in London. A common budget for people moving to the UK capital is somewhere between £2,000 and £3,000 per month. To give you a helping hand, we have researched some of the best boroughs to rent two and three-bed properties within this price bracket.

Two-bedroom properties

  • Wandsworth (average cost of renting a two-bed property: £2,622 per month) – this south-west gem has it all:desirable residential streets, leafy open spaces, energetic high streets, excellent schools and transport links that leave the rest of south London green with envy.
  • Hackney (average cost of renting a two-bed property: £2,267 per month) – this chic hipster hub oozes artistic ambience from every pore. Throw in an abundance of street food, quirky bars and great pubs and it’s no wonder it’s so popular with millennials.
  • Richmond upon Thames, pictured (average cost of renting a two-bed property: £2,110 per month) – this picturesque riverside setting has everything retired couples and families with young children could possibly want from suburban city life: 2,500 acres of enclosed green space, a generous scattering of good schools, a Middle England vibe, an impressive housing stock…the list goes on.

Three-bedroom properties

  • Camden (average cost of renting a three-bed property: £2817 per month) – this dynamic central London borough is home to a mix of young professionals and affluent families who enjoy an enticing collection of lively bars, lip-smacking restaurants, cool markets, and attractive period homes.
  • Islington (average cost of renting a three-bed property: £2275 per month) – one of London’s most fashionable neighbourhoods, with a rich history and a strong sense of community.
  • Lambeth (average cost of renting a three-bed property: £2200 per month) – this vibrant borough has some of the most popular neighbourhoods south of the river within its border:Brixton, Waterloo, Clapham, Herne Hill, Streatham and Tulse Hill to name a few.

Sources

https://www.london.gov.uk/what-we-do/housing-and-land/improving-private-rented-sector/london-rents-map

https://www.mylondon.news/news/property/london-rent-prices-exactly-how-17525488

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