Bexley was found to be the cheapest London borough in which to rent, with overall monthly rent coming out at £1,191 on average. It typically cost £1,523 to rent a three-bed house and £1,205 to rent a two-bed apartment in Bexley. Here is a rundown of the top 10 cheapest boroughs for living in London. London's cheapest boroughs to buy and rent a home
Knight Frank's data was based on its own research, as well as figures it collected from U.K. property search portal OnTheMarket. Despite pandemic-driven property trends, Knight Frank Head of U.K. Residential Research Tom Bill told CNBC on a phone call that the "heatmap of London house prices is still looking like it did before the pandemic," with these outlying areas of the city still being the cheapest for renting and buying property.