London is Expensive – But You Can Beat the System

London is one of the most exciting cities in the world, but let’s be real: it will drain your wallet faster than you can say “contactless payment.” For international exchange students, balancing rent, food, transport, and social life can feel impossible. But with the right approach, you can enjoy the city without breaking the bank. Here’s how to make the most of your time in London while keeping costs low.

1. Housing Hacks – The Biggest Expense

Group Up and Share a House

Instead of renting a one-bedroom flat that will cost you upwards of £3,000 per month, consider teaming up with fellow students. Renting a larger property with three or four roommates can reduce individual costs significantly – sometimes to £1,500 or even £1,200 per person, including bills. Look for properties in student-friendly areas like Old Street, Camden, Bethnal Green, or Maida Vale.

Move Slightly Further Out – But Not Too Far

London’s rental prices skyrocket the closer you are to a Tube station. But moving just 500m away from a station can save you up to 10-15% on rent (Zoopla reports similar findings). Staying in Zone 2 rather than Zone 1 can cut costs by 20-30%.

🔹 Best budget-friendly areas:

North: Holloway, Finsbury Park, Tufnell Park
East: Stratford, Bow, Mile End
West: Acton, Ealing, Hammersmith, Maida Vale
South: Brixton, Clapham, Peckham

Pick the Right Season

Summer is peak rental season, with prices at their highest. If your exchange programme allows flexibility, arrive in winter when demand is lower. You’ll find better deals on rent and won’t have to compete with thousands of new students flooding the market.

2. Transport – Get Smart with Commuting

Get an 18+ Student Oyster Card

This will save you 30% on travelcards and bus passes. If you plan to use public transport daily, a monthly travelcard is a better deal than pay-as-you-go fares.

Walk or Cycle Whenever Possible

London is highly walkable, and many student areas are within a 30-minute walk from major universities. Cycling is another great option – the Santander Cycles scheme is only £1.65 for unlimited rides within 30 minutes.

Avoid Peak Hours

If your class schedule allows it, travel outside peak hours (before 6:30 AM or after 9:30 AM). Tube and train fares are cheaper, and you avoid the overcrowded carriages.

3. Food – Eat Well Without Overspending

Shop at Budget Supermarkets

Tesco Express and Sainsbury’s Local are expensive. Instead, shop at larger Tesco, ASDA, Aldi, or Lidl locations for better prices. For fresh produce, check out local markets like Borough Market (expensive but great deals at closing time) or Ridley Road Market in Dalston.

Meal Prep and Cook at Home

Eating out in London is expensive. Cooking at home can save you hundreds per month. Buy in bulk, batch-cook meals, and store leftovers.

Take Advantage of Student Discounts

Apps like UNiDAYS and TOTUM offer student discounts at restaurants, cafes, and grocery stores. Many chains like Wasabi and Pret also offer end-of-day discounts on unsold food.

Why not reading too: The real reason academics and students flock to London; it’s not just for the pubs.

4. Entertainment and Nightlife – Have Fun for Less

Find Free Cultural Activities

London has world-class museums and galleries that are completely free, including the British Museum, National Gallery, and Tate Modern. Many also offer student-exclusive events.

Go to Cheap or Free Gigs and Theatre Shows

London’s music scene is incredible, and you don’t need to spend a fortune to enjoy it. Check out The Old Blue Last, The Lexington, or Camden Assembly for cheap or free live gigs. For theatre, try TodayTix for discounted West End tickets. National Theatre offers Friday Rush for just £10!

Clubbing? Avoid Expensive Cover Charges

Big clubs charge up to £20 entry, but many smaller venues and student nights are free or much cheaper. Try Egg London, Fabric’s student nights, or pub-clubs in Shoreditch for a cheaper night out.

5. Extra Tips – The Small Savings Add Up

Buy Second-Hand

London has amazing charity shops and second-hand markets. Places like Brick Lane Market, Depop, and hundreds of Charity Shops scattered around London are great for affordable furniture, clothes, decoration and more.

Use the NHS for Health Services

If you’re here for more than six months, your student visa fee covers NHS services. For shorter stays, get an International Student Health Card (ISIC) for discounts on private healthcare.

Cook at Home (And Stop Paying £4 for Coffee)

Yes, Pret subscription is tempting, but those daily coffees add up. If you spend £4 per day on coffee, that’s £120/month—easily half your grocery bill! Invest in a French press, batch-cook meals, and shop smart to save a fortune.

Find a Part-Time Job or Internship

Many students work part-time to help cover living costs. Universities often have job boards with flexible positions for international students.

Conclusion: Enjoy London Without Going Broke

London is expensive, but smart budgeting can make your stay much more affordable. Find the right accommodation, take advantage of transport and student discounts, and explore the city’s many free activities.

Need a flexible, budget-friendly place to stay in London? Get in touch with us to secure your next monthly rental!

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Top Tips to Save Money if You Are an International Exchange Student in London