Where to stay in London for budget travelers

Where to Stay in London on a Budget 2024? Top Affordable Accommodation Picks

When I say London, what’s the first thing that comes to your mind? I assume your answer is red telephone booths. But London hides much more exciting things, all waiting for you to explore them once you figure out where to stay in London on a budget!

For example, did you know that the most diminutive statue or Monument to the Unknown Artist is located in London, or that the smallest police station is located here, in Trafalgar Square? Did you also know some believe that if you come to this square, even though it is traditionally forbidden, you should hurt the pigeons? While on the topic of history, the oldest tennis court, Hampton Court Palace, which dates from 1625, is also located here.

If you decide to come to London, don’t forget to discover the Seven Dials Mystery by Agatha Christie. And for all those Harry Potter fans, London will be an authentic experience, especially if you come to King’s Cross Station or Leadenhall Market. This city’s diversity, from Chinatown to Little India and all the locals from the surrounding areas, will surprise you. Their energy and how they fit into the London lifestyle will be an exciting moment in the whole story.

And to round off the introductory part, just a few more places you should visit in London: the panorama of the London Eye, the Seven Noses of Soho, the Tower of London, which used to be a zoo, and the Shard, whose shadow goes all the way to the other side of the Thames.

As you see, the city is overwhelmed with cultural and historical landmarks, awaiting your visit!

This is the extension of our guide to 7 days in London.

Question: Where to stay in London on a budget?

Although London is generally considered expensive, with careful planning and smart choices, you can appreciate the city on the Thames even on a budget- especially if you know some cheap places to stay in London. Public transport here is much more affordable than a taxi and will take you to all the main tourist attractions. Depending on the zone, a one-way ticket costs from 4-6 British pounds, and a daily ticket costs an average of 15 British pounds. You can visit many museums for free, and I’m specifically talking about the British Museum, National Gallery, Tate Modern, Science Museum and others. For discounts, consider the London Pass Card.

If you want to visit the famous West End theatres, wait for the last-minute tickets. For walking, stick with self-guided tours. If you are a student studying in the EU, you have many benefits regarding transportation, museum entry, and even accommodation. Read below for more specific advice on where to stay in London including accommodation and which neighbourhood to choose.

Here is the question: Where to stay in London on a budget?

The answer is simple: King’s Cross

Welcome to King’s Cross, a vibrant neighbourhood in central London. Not so long ago, this area turned into a modern and bustling district, best known for being one of the leading transportation hubs. There are 2 university campuses in the area, which brings a youthful energy to the neighbourhood and allows for a cheaper offer of accommodation and places to eat. The entire area is pedestrian-friendly, so you can save a little on transportation here. If you are looking for where to stay in London on a budget, consider the options offered by Booking, Airbnb or local hostels.

Some of these areas include:

  • King’s Cross Station
  • St. Pancras International
  • Granary Square
  • Coal Drops Yard
  • Camley Street Natural Park

Why do we recommend these areas?

King’s Cross Station is a historic train station in Victorian architecture, recognizable to Harry Potter fans by Platform 9 3/4. In addition to King’s Cross station, there is another critical transport station- St. Pancras International, the central meeting point and the last stop for several international lines.

Camley Street Natural Park is a small, ecologically rich area that has rich fauna, flora, and even specific wildlife. Here, you can admire some of the rarest species of birds.

Granary Square is known as a place with many fountains, restaurants and cultural venues. Simply a symbol of the redevelopment of this place. And finally, Coal Drops Yard is a site built in Victorian style with many shopping options.

All these places don’t require an entrance ticket, and they will offer you a rich cultural program.

Here’s a full map for you to understand the different areas.

Please note: those might not be the exact names of the districts, neither its absolute borders. I just tried to simplify this information.

👨‍👩‍👧‍👦 Best for Families:Holiday Inn Express London Greenwich
👩‍❤️‍👨 Best for Couples:Superb Studio in Greenwich
🤩 Best Design Hotel:Point A London Liverpool Street
😎 Best for Groups: CitySpace Kings Cross
🦸 Best for Solo-Traveller:Clink261 Hostel
💃 Best Hotel for Nightlife:Centrally Located London Apartment
🤑 Cheapest Place to stay:Smart Camden Inn Hostel

1. Best areas and handpicked hotels for London 

Searching for where to stay in London on a budget? Below is a list of the accommodations that will meet your needs and expectations whatever traveller you might be!

Continue scrolling or pick your group and travel type on the menu:

1.1 Families
1.2 Couples
1.3 Design Traveler
1.4 Groups
1.5 Solo-Traveler
1.6 Nightlife-seeking traveler

1.1 Families

London has a wealth of family-friendly attractions such as festivals, parades, and outdoor concerts. And all this is within reach due to the effective transport and the ease of reaching every corner you want. Plus, all accommodations are in one place and are definitely more affordable than central London. Some offer self-catering options, so you can cook yourself and save some money. Choose an off-peak season if you want your stay to be extra budget-friendly.

Many nearby museums are family-friendly and even offer educational tours for children. Consider: National History Museum, Victoria and Albert Museum or research similar ones. If you know your kids are crazy about Harry Potter, do them a favour and show them where the action occurs.


This neighbourhood is situated on the bank of the Themes. Its maritime history, royal connection, and scientific significance are captivating. This quarter is also the Prime Meridian (0 degrees longitude), the Royal Observatory, and the reference for measuring the UTC time zone.

Book tickets for the Maritime Museum and the National Museum. Offer your children time to remember, relax in the park, and quality time to learn new things. In addition, here you can find some really affordable places to stay in London for the whole family.


The neighbourhood is located in East London and is full of local events, workshops and festivals that will attract the attention of your little ones. If you’re wondering where to stay in London on a budget, this is the place to choose!

Various dining options are available for the evening or lunch, and the restaurants also offer children’s menus. To spend their excess energy, take the children for a walk to the Queen Elizabeth Olympic Park or the Aquatics Olympic Center. If you love shopping, don’t miss Westfield, the largest shopping centre in Europe.

Handpicked accommodations for families

Holiday Inn Express London Greenwich, an IHG Hotel Greenwich

The family room in this accommodation costs 150 euros per night, including breakfast. The price includes daily housekeeping, fresh pastries and pizzas for breakfast, and on-site parking. If your kids can’t pull themselves away from their pets, don’t worry; you can take them with you.

The accommodation is only a 30-minute drive from the airport. You can also bring a children’s cot at your request if you need it.

Book Holiday Inn Express London Greenwich here

Holiday Inn Express London Greenwich in London

Private bedroom at Holiday Inn Express London Greenwich

Epsilon Hotel, Stratford

Depending on your chosen suite or room, you will get a modern complex painted in grey, brown or green tones. In fact, this offers one of the cheapest places to stay in London for a family trip. The price is 300 euros per night, and you can expect a discount for earlier bookings.

Epsilon Hotel is decorated in a simple contemporary design, and all rooms have en-suite baths, TVs and coffee and tea machines. Central London is only 30 minutes away from this top location.

Book Epsilon Hotel here

Enjoy your stay at Epsilon Hotel

Have a coffee break at Epsilon Hotel

 1.2 Couples

Why is London an ideal romantic backdrop for a couple like you? Imagine this romantic setting from the view of the Tower of London, Buckingham Palace or the London Eye. If you want to explore hidden romantic gems, check out: Notting Hill, Covent Garden, Greenwich or just take a riverside walk.

During the night, you can visit a bistro with an intimate atmosphere and still not pay as much as in a Michelin restaurant. The most beautiful romantic panoramas await you on the Shard, London Eye and Primrose Hill.

Once you decide where to stay in London on a budget, simply give in to London’s charm and explore the neighbourhoods.


Let this neighbourhood attract you with its authentic historical charm and romantic thread. Feel the magic while leisurely strolling or enjoying the stunning riverside view. In the evening, dine at waterfront eateries with reasonably priced meals. On top of it, here you’ll find some of the most affordable places to stay in London.


This is one of the more dynamic neighbourhoods designed for couples who love movement, adventure and fun, from cultural richness to specific stucco-fronted terraces. Explore the Greek and Russian influence of the entire neighbourhood, and in the evenings, hide in your romantic corner for which you won’t have to go broke.

Handpicked accommodations for couples

Superb Studio in Greenwich, Greenwich

Being one of the best answers to where to stay in London on a budget, this is a complete apartment of 38 square metres, with a private bathroom and kitchen, 1 bedroom, living room, and balcony, but also the possibility of exit to the rooftop from which you will have London in the palm of your hand.

Previous visitors rate this place as excellent value for the money. Cleanliness and comfort are also guaranteed. The host also offers arranged transportation from the airport, which is only 8 km from the accommodation.

Book Superb Studio in Greenwich

Superb Studio in Greenwich with balcony & roof top

Superb Studio in Greenwich

The Bayswater Nook – Stylish 1BDR Flat, Bayswater

The apartment at your disposal occupies 56 square metres and is located in a pleasant, quiet area. At the entrance, there is a beautiful garden that adds intimacy and a romantic note to your stay.

The apartment has a kitchen, 2 private bathrooms, 1 bed, and a living room. As an additional value, there is also a washing machine. The price is around 120 euros per night for 2 people.

Book The Bayswater Nook here

Private bedroom at The Bayswater Nook Common space at The Bayswater Nook

1.3 Design-lovers

London is captivating for those travellers who have a keen interest in architecture. See the Victoria and Albert Museum, the world’s leading design and art museums, for free. Also, go to Tate Modern, the former old power station that was once transformed into an art museum. Make time for the architectural marvel Serpentine Pavilion and Garden, which is also available for free. Also, put Leighton House Museum and Kensington Palace on the list.

Wondering where to stay in Lodnon on a budget? Here are the best neighbourhoods to consider:


This is definitely the most innovative and technologically advanced district in all of London, yet still affordable for your on-budget stay. It is located in the East End of London and offers a new mural or street art at every turn.

Here is also the Old Truman Brewery, which has been unrecognizably transformed into a creative hub as the home of several design studios and host of the Local Design Festival.


Another hub in a statement design style and artistic expression. While looking for cheap places to stay in London, visit the Broadway Market with the most unique artisan crafts. If fashion is also your weakness, this neighbourhood is simply made for you.

Don’t miss the Netil House, the meeting point for designers, artists and performers. Yinka Ilori Studio is also worth visiting because of its unique furniture.

Handpicked accommodations for the design-lovers

Point A London Liverpool Street, Shoreditch

Point A London Liverpool Street is only 400 metres from Brick Line and has 24 open desk and comfortable rooms with en-suite baths. Tower Bridge is 1.7 km away, and the airport is only 9 km away. One night per person costs somewhere around 70 euros.

Book Point A London Liverpool Street here

Enjoy your stay at Point A London Liverpool Street

Common area at Point A London Liverpool Street

The Victoria Park Sanctuary – Stunning 2BDR Flat, Hackney

The Victoria Park Sanctuary has two bedrooms, a spacious living room, an equipped kitchen and 2 bathrooms. It has beautiful scenery and wooden details. It can accommodate a maximum 6 people and the total price is 300 per night.

Book The Victoria Park Sanctuary here

Private bedroom at The Victoria Park Sanctuary Entertainment area at The Victoria Park Sanctuary

1.4 Groups

London is one of the most culturally diverse cities. No matter who you come with, you will never be bored. Here, there are live performances and organised group museum tours, and for those who want relaxation, friendship, and an ordinary picnic, there are also beautiful parks.

There is a rich program of festivals and cultural events throughout the year. So, when it comes to deciding where to stay in London on a budget, it’s best to consider the following neighbourhoods:

King’s Cross

This neighbourhood offers proximity to all attractions, excellent transportation and convenience; in other words, it provides the unique experience that a group is looking for. Whatever you’re in for, whether it’s a pub or walking around a historical spot, you won’t regret it here.


Camden is part of the shopping extravaganza, the epicentre of nightlife and the place with the best food in London. Camden Lock is the district’s focal point and reflects the vibrant atmosphere and stunning waterside setting created for enjoyment. And what’s best is that this neighbourhood is closest to Central London.

Handpicked accommodations for the groups

CitySpace Kings Cross, King’s Cross

Being one of the most affordable places to stay in London, this place is rarely available. In addition to excellent heating and WIFI connection, the apartment has a completely equipped kitchen, dishwasher, and separate dining area. The accommodation accommodates 2-3 people, all persons are non-smokers, and the cost is 200 euros for one night.

Book CitySpace Kings Cross here

Your own bedroom at CitySpace here Single bedroom at CitySpace

Homely 1 Bedroom Apartment in the Heart of Vibrant Camden, Camden

What makes Homely unique is the beautiful city view and the amenities offered here, such as a kitchen, washing machine, 1 bedroom, and a sofa in the living room for sleeping. It can accommodate 4 people, costs €250 per night, and is located near the King Cross Theatre. Definitely one of the best cheap places to stay in London!

Book Homely 1 Bedroom Apartment here

Homely 1 Bedroom Apartment in the Heart of Vibrant Camden, Camden 

1.5 Solo-travelers

If London is known for something, it is the welcoming atmosphere for solo travellers who want to learn more about England. Here, gourmets can try different types of international cuisine, and those interested in history can inquire about the historic pubs and charming cafes. London is a safe city for solo travellers to move and stay. Wondering where to stay in London? Hostels, budget hotels or shared rooms are available as accommodation.

This city is full of hidden gems and quirky shops that make this experience not a typical tourist experience but something on a higher level. Here, you have meetups for solo travellers to meet people with the same interests and exchange experiences.

King’s Cross

As you have already heard, this district is perhaps the busiest and is considered one of the safest places to move around. I encourage you to explore it nicely, go to the Canopy Market and other hidden roadside gems, and have a solo exhibition to remember.


Another dynamic district that abounds with open-air spaces and many rooftop bars full of tourists and people who share your passion for travel and exploration. Here, you can find the best hostels at reasonable prices, which is reason enough to pick this as an answer to where to stay in London on a budget. As a suggestion for a visit, I suggest exploring Camden Market and many other quirky venues and vintage shops within.

Handpicked accommodations for solo-traveler

Clink261 Hostel, King’s Cross

Here, you can reserve a bed in a room with 6, 10, 14 or 18 beds for 60 euros per night with breakfast. A discount is possible if you wait until a holiday or book early. Clink261 Hostel is located a 2-minute walk from the central station. All rooms share several bathrooms situated on the same floor. There is also a locker with a pin for each guest. The kitchen is shared and offers a pleasant atmosphere for socialising.

Book Clink261 Hostel here

Meet new friends at Clink261 Hostel, King's Cross Clink261 Hostel Dorm Room

Smart Camden Inn Hostel, Camden

Smart Camden Inn Hostel is located 500 metres from the primary market mentioned above. You can reserve a bed in a 4-bed, 6-bed or 9-bed room, and the price is 80 euros with breakfast. Central London is just a 15-minute walk away. You have a choice of mixed-sex or only-feminine rooms.

Book Smart Camden Inn Hostel here

Smart Camden Inn Hostel Dorm room 

1.6 Nightlife Traveler

If you have yet to experience London’s nightlife, now is the perfect time. From experiences like silent discos, rooftop bar chilling, secret bars, and speakeasies to cinema night or a party during the night river tour, this place has it all! Go and enjoy jazz music at a Live Music Venue, or if you’re into theatre, go to the West End

Theatre. To avoid exceeding your budget limit, pick some of the cheap places to stay in London and visit the following places and have a quality night out: – The Blue KItchen – a blues bar in Camden – The Nest – electro beats in Dalston.. Shoreditch

Here, visit The Old Street Records bar or The Queen of Hoxton, a rooftop multi-level bar. Indulge in a trendy, eclectic ambience without breaking the bank.


Bar Rumba is waiting for you, with its pop and R&B tones that will make your body move. If you’re a fan of the speakeasy concept, this will be a real hit in addition to the accommodation you didn’t pay a fortune for.

Handpicked accommodations for a nightlife-seeking traveller

Centrally Located London Apartment, Shoreditch

The Centrally Located London Apartment is an accommodation for two, with 1 bedroom, a kitchen, and a private toilet. It is one of the best options for those seeking budget-friendly accommodations in London. The host is kind and ready to assist you; feel free to ask for a better Wi-Fi connection. Everything else is perfect, including the accessibility to the airport, which is located 11 km away.

Book Centrally Located London Apartment here

Have a pleasant stay at Centrally Located London Apartment Your own bedroom at Centrally Located London Apartment

D’Arblay Studio’s Soho 

Get up to 10% off this place, with a fully equipped kitchen with microwave and toaster. D’Arblay Studio’s Soho provides a pleasant stay for 2 people, and the airport is 15 km away.

Book D’Arblay Studio’s Soho here

 Have a nice time at D'Arblay Studio's Soho

D'Arblay Studio's Soho Dining Area

2. Best Neighborhood to Stay in London

While London, in general, can be expensive, King’s Cross offers a good mix of connectivity, attractions, and budget accommodation options, making it a great choice for travellers looking to manage their expenses.

Don’t worry about your safety; all neighbourhoods are considered safe, and each one is unique in what it offers. No matter your chosen place, you will undoubtedly have an enjoyable stay in London. Let the adventurer in you wake up and walk to all the affordable places to stay in London I mentioned above, and I look forward to exchanging impressions.


What is the best neighborhood to stay in London?

The best neighborhood to stay in London on a budget is King's Cross. It offers a vibrant atmosphere, proximity to major attractions, and a range of affordable accommodation options.

Where should you not stay in London?

While London is generally safe, some neighborhoods may be less suitable for tourists. It's advisable to avoid areas with higher crime rates, such as parts of East London. Researching specific neighborhoods and checking recent reviews can help make informed decisions.

What should I avoid in London?

While London is a fantastic city to explore, it's wise to be cautious about pickpocketing in crowded areas, especially tourist hotspots. Additionally, paying attention to traffic when crossing roads and being aware of your surroundings can enhance safety.

Where should I stay in London for the first time?

For first-time visitors to London, King's Cross is a recommended neighborhood for its central location, accessibility to major attractions, and budget-friendly accommodation options. It provides a convenient base for exploring the city.

Map + All Sights

Discover budget-friendly stays in London! Use our map to find all the top sights and the perfect affordable accommodation for your stay.

Summary where to stay in London

Based on what you can see, I recommend the following neighbourhoods:

  • King’s Cross
  • Camden Town
  • Bayswater
  • Shoreditch

I hope that my suggestions for where to stay in London on a budget have helped you enough and inspired you to pack your bags and head to London, the city of greenery and parks, and on the other hand, the dynamism and diversity of the artistic offer. You can come here with a family, a partner, or even an organised group.

The general advice for staying on budget is to book a place early in the appropriate camp, find accommodation with a kitchen where you can cook and visit all the free tourist attractions.

If you need more travel inspiration and tips, don’t forget to take a look at the rest of my blogs. Who knows, maybe that’s where the idea for your next budget trip lies?!

Other European Destinations

Before you run off, here is a few more handwritten articles for you. These will help you to find more unique experiences and enjoy your holidays at fullest.

Any Questions?

There you have it. I hope you have no questions and found your home in my home town.

However, please remember: I am not perfect, and it is likely I missed a few things to point out.

Therefore: Do you have questions? Is anything not clear?

Please please please drop me a comment below with your email! I will reply to you ASAP via email and here in the comments.

In fact, your questions help me to make this article better. So I help you to help me.

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