You can reduce your rent by a considerable amount if you add a few minutes to your commute in London.

In fact, you can save up to £350 a month by renting properties a 10-15 minute walk from a London tube – compared with living five minutes away.

A one bed flat within 500 metres of a Tube or train station can cost up to 25 per cent more per month compared to living 830-1,250 metres away.

You could save a lot of money by adding a few minutes to your commute (Picture: Getty Images)

You can save up to £350 a month by renting properties a 10-15 minute walk from a London tube (Picture: Getty Images)

OnTheMarket.com spokesperson Vikki Bennett, said: ‘This research shows it can be well worth the effort of adding the extra minutes to your commute because it can result in a considerable reduction in the price you pay to rent a property.’


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Research by property site On The Market revealed that you can save £350 per month on a one bed flat and up to £233 for a two/three bedroom flat.



According to Government statistics, on average, private renters spend around 34 per cent of their household income on rent and private renters with a joint income spend on average 41 per cent.

Those in the 16-24 year old bracket are hardest hit with 48 per cent of their household income being spent on rent by extending their walking time.

You could save £121 a month by moving further away from the stations in Hackney, or around £103 in Oval.

The research showed that people could save most in east London.

Those living in London spend considerably more than those outside of London, with around 43 per cent compared with 32 per cent.

Bennett added: ‘In terms of accessibility to London transport, we found that the borough with the most Tube stations is Westminster with 31 but as always, convenience comes with a price and it’s no secret that this remains one of the most expensive spots in the country.

‘For more affordable housing with access to good transport links, Brent is well-served with 21 Tube stations. Here, the average rental cost of a one bedroom flat within a five minute walk of Alperton Tube station is £1,300.

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‘It’s possible to save up to £121 each month for renting the same sized property up to a 15 minute walk away.’

‘The borough with the most train stations is Bromley with a total of 23.

‘However, the potential savings are harder to find, with a one bed flat in Bickley costing £925 per month within a five minute walk of the train station.’

‘By extending the commute to up to 15 minutes, the same sized property costs £881 per month.’

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