The first thing is to understand how much you can afford to pay for your room. The downside to relatively low average rental costs of £550 a month is that the wave of regeneration engulfing east London has not yet reached this spot. Plaistow, in E13, is one of the most untouched markets in London. Other budget-friendly areas of south-east London include Plumstead and Woolwich with the average monthly rent of £533 for a single room. Anyway, chasing cheaper rents in London normally requires a lot of effort and a heavy dose of compromises. The cheapest area in London could be the south-east area, for example, Abbey Wood, a Zone 4 district where room rents average £503 a month. However the cost for renting a room in London varies from districts and type of rooms and there are still parts of the capital where rooms can be found to rent a about £500 a month - if you know where to look. Some of the housing sharing website’s listings are now even above £1,000. The average cost of renting a room in London has reached £743 a month. So to get a room in a shared apartment or shared house is an ideal option if you are in a budget. Alos the cost will be way much cheaper than living in an apartment. Shared accommodation are pretty popular among young professionals and expats, where they can experience more social life. Each person usually has their own bedroom and the public space such as living room and bathroom are shared. A flatshare is where two or more people live in a property together. Because most people can not afford renting an entire flat, they tend to live in rooms in flatshares. We all know that property market in London is huge, extremely dynamic and of course, expensive.
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