7 Budget-Friendly Airbnbs & Vacation Rentals in London

Save on your accommodation in London so you can spend more in Primark!

London’s notorious for being an expensive travel destination. If you’re low on travel funds, you can expect to afford a tiny hotel room with basic amenities and lacklustre reviews. However, if you take the time to scour through the thousands of Airbnb apartments and vacation rentals in London, you might just chance upon some gems. Here are some of them, which are not only affordable but also highly rated.

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Affordable Airbnb homes and vacation rentals in London

1. The super central apartment

vacation rental in london

vacation rental in london

Listing name: Central London Apartment - Great Location
Listing type: Apartment
Neighbourhood: Central London
Max. number of guests: 2

Location, location, location. As the name suggests, this Central London Apartment is strategically located in the heart of London with nearby attractions such as Oxford Street, British Museum, and Piccadilly Circus. The apartment itself is bright, comfortable, and absolutely worth the money, especially given the location. Guests can also take advantage of the kitchen with a dishwasher and a microwave, and other amenities such as the cable flat-screen TV and free WiFi. Budget-friendly and strategic location? Check!

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2. The guest house with multiple room options

vacation rental in london

vacation rental in london

Listing name: Gladstone Park Guest House
Listing type: Private Room in Guest House
Neighbourhood: Brent
Max. number of guests: 2

At Gladstone Park Guest House, you have several room options, from the budget single room to large deluxe double rooms, without blowing a hole in your pocket. It is also located near London attractions such as Wembley Stadium, London Designer Outlet, Lord's Cricket Ground, London Zoo, Portobello Road Market, and Camden Market. No wonder guests have rated this vacation rental highly for its central location as well as its clean, comfy rooms with well-equipped amenities.

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3. The hostel near the London Eye and Big Ben

hostel in london

hostel in london

Listing name: The Walrus Bar and Hostel
Listing type: Room and Dormitory
Neighbourhood: Lambeth
Max. number of guests: 2 in twin rooms; 22 in dorms

Located in the heart of London, The Walrus Bar and Hostel is close to iconic landmarks such as the London Eye and Big Ben. Guests particularly liked the location, and who doesn’t? You can even see the London Eye from the windows. On top of that, there is an on-site bar, a shared kitchen, a luggage storage, lockers, and a safety deposit box. You may opt to stay in a dormitory or book the entire twin room for some privacy.

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4. The aesthetically pleasing one-bedroom home

vrbo london

vrbo london

Listing name: Windsor Burnham Ascot One Bedroom Haven
Listing type: Entire house
Neighbourhood: Slough
Max. number of guests: 4

Tucked away in a quiet neighbourhood, this newly refurbished one-bedroom house is big on aesthetics but small on the price tag. Aside from its beautiful ambience and family-friendly amenities (it has two parking spaces, by the way), this vacation rental in London is highly recommended for its great location near Heathrow and Windsor, where attractions abound like Legoland, the Castle, Eton, and many more!

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5. The private garden studio

vrbo london

vrbo london

Listing name: Private Beautiful brand new self contained garden studio
Listing type: Studio
Neighbourhood: Streatham
Max. number of guests: 3

Perfect for solo travellers or couples, this newly renovated garden studio lies at the bottom of the host's garden. It has a kitchen complete with an oven, a fridge, and a single ring ceramic hob. Guests have rated it highly for its quiet setting and convenient access to Central London. This vacation rental is also close to the High Street, so you can find shops, pubs, and restaurants to immerse in the English way of life.

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6. The charming Victorian room

airbnb london

airbnb london

Listing name: Large & lovely room in Victorian house near tube
Listing type: Private Room in Townhouse
Neighbourhood: Stockwell
Max. number of guests: 2

Be welcomed by an Airbnb Superhost and led into a Victorian-style bedroom with a king-sized gilt bed under a chandelier on the high ceiling. This lovely room faces the garden, so you’ll wake up to greenery instead of the sight of cars whizzing by. The living space outside the bedroom is equally charming. Lots of original features in this early Victorian property have been maintained, and the furnishings and decor serve to allow glimpses of the olde worlde grandeur. This Airbnb is in Stockwell — also known as London’s Little Portugal — and the tube is just a five-minute walk away.

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7. The tiny house

airbnb london

airbnb london

Listing name: INDEPENDENT COSY LITTLE HOUSE IN CENTRAL LONDON
Listing type: Entire Guesthouse
Neighbourhood: Brixton
Max. number of guests: 2

More like a cabin than a house, this cute little home just outside the hustle and bustle of London is great for cosying up with your significant other. The narrow living area on the bottom floor has spiral steps leading up to a small triangle-shaped attic, where a bed sits. There’s no kitchen, but the microwave, mini-fridge, plates, and cutlery will suffice for simple takeout meals. This Airbnb is in Brixton, a lively neighbourhood 20 minutes by tube from central London.

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Also read: London Attractions: 15 Locations to Complete Your English Experience!

This list should get you on track to landing a budget-friendly Airbnb home or vacation rental in London. Pat your back on all the dollars saved and do make full use of the amenities available to you, whether it’s free laundry or a kitchen to cook in.


This article contains affiliate links. When you book through these links, we may earn a small commission at no additional cost to you. All images courtesy of the respective property listings.


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