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Where to Rent if Your Budget is £2,500 Per Month

19 October 2020 Simon Banks Read time: 4 min
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Simon Banks

It was Good Charlotte who once sang “lifestyles of the rich and the famous”, and while being able to afford a home that costs £2,500 per month might not quite categorise you as a celebrity, it does mean that you can afford a plush pad in some of London's finest neighbourhoods. And who knows, you might even end up living on the same street as some famous.

But where are these homes on the higher end of the rental market located? In this guide, we’re bringing you the areas where you can rent if your budget is £2,500 per month. So read on and find out which affluent London neighbourhoods you can call home.


There’s no better place to start than with Chelsea, a London neighbourhood full of chic. Whether you’re shopping at the high-end boutiques along King’s Road or watching a show at The Royal Court Theatre on Sloane Square, Chelsea is an area that oozes style.

Houses in Chelsea

Living in Chelsea means that you can enjoy one of the capital’s most in-demand areas in style and rub shoulders with celebrities and millionaires if that's your kind of thing. Expect to pay £2,500 per month for a one-bedroom flat in Chelsea. 


If Chelsea somehow isn’t central enough for you, how about living right in the heart of the action? The W1 postcode of Marylebone effortlessly combines village-style living just seconds away from Oxford Street and Bond Street.

Marylebone High Street

Now, the average rent for a one-bedroom home is around £2,700 per month, but there are plenty of options in the area for £2,500 or less. Therefore, you can find a central London pad and shop boutiques, dine at the restaurants in Marylebone Village and visit places like Selfridges and Bond Street for some serious five-star shopping all within budget. 


If you're looking for something slightly less posh than Chelsea and Marylebone, then you should cast your eye on East London’s Shoreditch. There’s a funkier vibe here in the E1 postcode, not to mention plenty of places where you can socialise, such as Boxpark and the many quirky bars and restaurants.

Houses in Shoreditch

Average rentals for a one-bedroom home in Shoreditch are just shy of £2,000 per month, while two-bed apartments fetch around £2,450 per month. So if you’re looking for a bit more space, then Shoreditch is a strong contender. True hipsters feel that it’s become too commercialised over the years, but it’s still one of London’s best neighbourhoods for socialising.


Islington combines the vibes of Shoreditch with the allure of Marylebone, offering charming Georgian homes (most have been converted to apartments) set to the backdrop of Upper Street – a road with restaurants, bars, clubs, independent shops and Screen on the Green, one of London’s best cinemas.

Houses in Islington

Located in North London, Islington offers great travel links into central London and the City. It also has an average rental price of £1,800 for a one-bed home and £2,370 for a two-bedroom property. Islington is a neighbourhood where you can live in a period property in style.


Marylebone captures the village vibes, but Hampstead actually is a village. It just so happens to be one of the most sought-after postcodes in the capital too. The northwest London neighbourhood is three miles outside of the West End but feels more like it's a million miles away with its cobbled streets, winding alleyways and independent fashion shops.Flask Walk in HampsteadThere’s also Hampstead Heath, which features over 790 acres of open space, scenic trails, wildlife and swimming ponds. Get a one-bedroom home in Hampstead for just over £1,600 per month and a two-bed for around £2,500.


With scenic riverside settings, south London’s Bankside offers a combination of culture and amenities that are the envy of many areas in the capital. Bankside is a hub of creativity with places like the Tate Modern and the Oxo Tower offering an escape for cultures vultures.

Bankside in London

Homes are varied here too – expect to find period properties and converted warehouses, with a one-bedroom apartment achieving in the region of £2,000 per month and a two-bedroom home renting for around £2,500 per month.

South Kensington

You will find South Kensington just a few moments away from Chelsea and bursting with culture to absorb. Another area famed for its period homes, South Kensington offers easy access to a range of tourist attractions in the capital, from the V&A Museum to the Science Museum to the Royal Albert Hall.

Homes in South Kensington

Sloane Square is also within walking distance, and is a place where you can shop at the iconic Peter Jones or high-end boutiques. There’s also Michelin-star restaurants to enjoy five-star dining. You can find a one-bedroom in the SW7 postcode for around £2,500 per month.

St. John’s Wood

Just a hop and skip away from Hampstead is the northwest London neighbourhood of St. John’s Wood. It’s become a favourite with Londoners thanks to easy access to the calming vibes of Hampstead and the hustle and bustle of the West End, not to mention the lovely period homes and local business that are located in the area.

St. John's Wood

St. John’s Wood features a charming high street full of bakeries, restaurants, and cafes; there’s an independent vibe around here, which is reflected in the many eateries and shops. You can find a one-bedroom home for a little more than £2,000 per month. There are also some two-bed options just under £2,500.


Camden is one of London’s largest tourist areas thanks to its marketplace, eclectic food scene and nightlife options. It’s also a popular residential area, with renters moving here for the canalside living and vibrancy of London’s original punk postcode.


Whether you’re strolling around Camden Market and sampling the many food stalls or are soaking up the vibes as you have a drink or two and one of the many bars and pubs, Camden is a neighbourhood that’s always alive with buzz. Expect to pay around £2,300 per month for a two-bedroom home.

The City

London’s Square Mile is one of the most famous and oldest in the capital, with roots going back to the Roman Times. Today, it’s the perfect blend of old and new, with centuries’ old buildings and brand new towers mixing together. The City is London’s primary financial hub but has evolved into a high-end residential hotspot over the years.

The City

Some apartments feature in shiny new buildings with concierge services and all the amenities, while others are converted warehouses that overlook the River Thames. The City is one of London’s most expensive areas, with one-beds averaging £2,400 per month.

Lush London living

There are plenty of stylish areas to choose from in the capital if your budget is £2,500 per month, no matter your taste. From charming period properties to stylish new developments, the capital has a bit of everything. It’s easy to see why it’s one of the best places to live in the world.

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