Looking to rent in London? Not a chance!

Prepare yourself. You’re about to see how unaffordable it is to rent in the Big Smoke

Housing and homelessness charity Shelter has put together a Tube Map of Affordability, on which they’ve removed stations in areas no longer affordable to the average renter.

The result? Of the 270 stations on London’s Underground network only 15 are in areas where private renting can be considered genuinely affordable.

Zone 1 is totally wiped out, obviously.

What Shelter considered genuinely affordable was when the average cost of a two-bed private rental property was less than 35% of the combined take-home pay of a two-wage household (one person working full-time, one working part-time) on an average salary.

Unaffordable was when the average cost of a two-bed private rental property was more than 50% of the combined take-home pay of a two-wage household (one person working full-time, one working part-time) on an average salary.

To determine ‘average’ Shelter has used the median rent and wage.

Click HERE to view the Tube Map of Affordability.

Are you currently renting in London? Tell us your thoughts about the cost of living in the capital.

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