The best-connected rental hotspot in terms of the sheer number of stations and the affordable cost of renting has been identified by Spotahome.
The PropTech startup looked at the number of train or tram stations and the average rental cost in each borough, in order to assess what this equated to as a rental cost per station.
The research reveals that on average an underground, overground, DLR or tram link commands £87 in rent for every station located in a borough, and as a result, renting in a London borough with good transport connectivity can cost 101% more in rent.
Based on the data, Croydon is London’s most affordable commuter rental hotspot. It has 42 train and tram stations in London, which is more than anywhere else in the capital, along with the second most affordable average rental cost at an average of £1,136 per calendar month. Combined, this equates to a transport rental cost of just £27 per station, the lowest in London.
Bromley is also home to a low rental cost per station at £43 in rent for each of its 31 stations. Newham (£51), Ealing (£52), Tower Hamlets (£56), Lewisham (£60), Merton (£61), Brent (£61), Havering (£62) and Enfield (£62) also rank high for the affordability of their rental cost per train or tram station.
With just five tram or train stations and an average monthly rent of £1,407, Harrow is home to the highest rental cost per station at £281.
|London Boroughs ranked by the lowest rental cost per train or tram station|
|Borough||Total stations (underground / overground / railway / DLR / tramlink)||Average Borough Rent||Rental Cost per Station|
|Richmond upon Thames||15||£1,857||£124|
|Hammersmith and Fulham||17||£2,117||£125|
|City of London||18||£2,446||£136|
|Kingston upon Thames||9||£1,390||£154|
|Barking and Dagenham||7||£1,194||£171|
|Kensington and Chelsea||12||£3,053||£254|
|Rental data sourced from the ONS|