If there’s one place that has a very diverse living environment packed into a small space, it’s London. No two apartments are the same even when you live in the same area, and apartment managers like Native Management will tell you that each one has its charm and advantage.
Of course, that also means that when it comes to apartments, prices vary, and in London the cost of a home can range between £400k and £800k if you’re going to buy. For rent, a week would cost you an average of around £660 a week to £7.5k a month depending on the property. Even in Central London, there are two-bedroom apartments for rent that cost around £1.5k to £5k. It’s usually the luxury suites that cost around £8k to £10k per month.
Doing your homework
That said, you shouldn’t just look at the average numbers. The usual price for a week in London can be much cheaper, so being content to just search for “cheap apartments in London” in Google could make you miss out on a lot of great deals.
Which is why it is encouraged that you do your research thoroughly to make sure you can get the best price without missing anything. Be mindful of the things that are important when looking for a property to stay in:
- What’s your purpose? Renting an apartment in London can be affected by the number of days that you are staying in it. Prices are cheaper per month if you’re planning to visit for six to twelve months and beyond. If you’re backpacking and touring the world, the cost of a seven-day stay can be as low as £600 to £2,700 depending on the property.
- Where are you planning to stay? This is kind of related to the first point. The place is also another factor that affects the price of apartment rental after all. For example, Central London has the most expensive rents in all of London, while East London has the lowest rates.
It won’t do, however, if you’re going to stay in East London but you are attending a conference in Central or West London, unless you have transport or the means to get there. It would be best to create a balance between location and the purpose of a visit, and the price. Staying in the cheapest accommodation or staying near the purpose of your visit does not necessarily save you money. Spending a bit more for convenience isn’t necessarily bad either.
Finally, choose accommodation based on who’s visiting. If you’re the only one, then you can save on one-bathroom, one-bedroom apartments. If you’re there on vacation, you should choose cheaper rooms because shorter periods are costlier than staying for more than a month or two. But if you’re bothered by small apartments, it isn’t a sin to spend more for bigger, single occupant apartments. After all, the point is to have a place you can feel comfortable in.