Traveling to London on a Budget: Smart Tips to Save Money and Enjoy More

London is one of the most exciting cities in the world, full of history, art, and culture at every corner. But let’s be honest: it can also be expensive. Between public transport, food, and attractions, it’s easy for your travel budget to disappear fast.

The good news? With a few smart choices, you can explore London comfortably without spending a fortune. Whether you’re visiting for a weekend, a semester abroad, or even a concert or festival, this guide will help you enjoy the best of London, affordably.

And if you’re still looking for a place to stay, London Flats offers the perfect mix of comfort, convenience, and great value, with fully furnished properties close to London’s main transport hubs.

But besides that, there are many things to do and explore on a budget! Let’s dive into some practical tips to make your trip amazing and wallet-friendly, shall we? 

1. Transportation Tips: Getting Around Smartly

London’s public transport is one of the best in the world, and if you use it wisely, it can also be very affordable.

Use an oyster card or contactless payment: Forget paper tickets, they’re more expensive. Simply tap your contactless bank card or use an Oyster Card on the Tube, bus, or train. The system automatically calculates the cheapest fare, so you’ll never overpay. Here are some examples of daily fare caps, using oyster or contactless card: Bus & Tram only: £5.25 per day Zones 1–2 (central London): £8.10 per day Zones 1–3: £9.60 per day Zones 1–4: £11.70 per day Zones 1–5: £13.90 per day Zones 1–6: £14.90 per day

Take advantage of daily and weekly caps You’ll never spend more than a set amount per day or week, no matter how many times you travel. That means you can explore freely without worrying about costs adding up.

For example, a Zones 1–2 weekly cap is £40.70, after that, you don’t pay more no matter how many trips you take.

Ride the bus — It’s cheaper

A single bus ride in London costs just £1.75, and thanks to the Hopper Fare, you can make unlimited bus or tram transfers within one hour without paying anything extra. In other words, you only pay once and can hop between routes freely for sixty minutes, perfect for sightseeing or running quick errands across the city. Plus, if you grab a seat upstairs, you’ll enjoy a mini sightseeing tour of London for the price of a coffee!

Walk or cycle

Many of London’s neighborhoods are very walkable, especially central areas like Soho, Covent Garden, and Shoreditch. If you want to cover a bit more ground, you can rent Santander Cycles , known as “Boris Bikes”, for as little as £1.65 for 30 minutes. You don’t even need an app to use them, just pay at a docking station with Apple or Google pay. However, downloading the Santander Cycles app (available on iOS and Android) makes it easier to find bikes, check availability, and unlock them directly from your phone.

Travel Off-PeakAvoid rush hours, between 6:30–9:30 a.m. and 4–7 p.m.,  and your fares will be cheaper — plus, your journey will be far more comfortable. 

2. Free and cheap attractions: London’s best experiences cost nothing

Who says you need to pay to enjoy London? Some of the city’s best experiences are completely free!

Museums & Galleries London’s world-class museums don’t charge entry: The British Museum, Tate Modern, National Gallery, and Natural History Museum are all free to visit. You can spend hours exploring their collections, but it’s a good idea to check online and reserve a time slot if possible, especially for popular exhibits, to avoid long lines and make the most of your visit.

Parks & Gardens Escape the hustle and bustle at Hyde Park, Regent’s Park, Greenwich Park, or Hampstead Heath. Perfect for a picnic or a peaceful walk with stunning views of the city skyline.

Markets Explore London’s famous markets. Camden Market is a haven for vintage clothing, quirky souvenirs, and alternative fashion. Borough Market is a paradise for food lovers, offering everything from artisanal cheeses to street food from around the world; even if you don’t buy anything, sampling small treats can be surprisingly affordable. Portobello Road Market in Notting Hill is famous for antiques and collectibles, with some stalls offering unique bargains if you enjoy hunting for treasures. Meanwhile, Brick Lane Market is ideal for discovering independent designers, vintage clothing, and one-of-a-kind pieces, plus you can soak up the vibrant street art that lines the area. Changing of the Guard Head to Buckingham Palace to witness the traditional Changing of the Guard ceremony — one of London’s most iconic free events. The ceremony usually starts at 11:00 AM, and while it lasts around 45 minutes, it’s a good idea to arrive at least half an hour early to secure a prime viewing spot. Keep in mind that the schedule can vary depending on the season, so it’s worth checking online before you go.

Southbank Walk 

Take a stroll along the Southbank of the Thames. You’ll see Big Ben, the London Eye, and St. Paul’s Cathedral, all without spending a penny. Times tips to walk along Thames: Late morning to early afternoon (10 AM – 2 PM): Ideal if you want bright daylight for photos and bustling riverside life. Shops, cafes, and street performers are active, and the views of landmarks like the London Eye, Tower Bridge, and the Tate Modern are clear. Late afternoon to sunset (4 PM – 7 PM, depending on the season): Perfect for a more relaxed, romantic vibe. The golden hour casts a beautiful glow over the water, and city lights start reflecting in the river. Early morning (7 AM – 9 AM): If you prefer a quiet walk with fewer tourists, early morning is peaceful, though some riverside cafes and shops may not yet be open.

3. Affordable Food & Drink: Eat Well for Less

London’s food scene is diverse and delicious, and doesn’t have to be expensive.

Street Food Markets Try Seven Dials Market, Maltby Street Market, or Broadway Market in Hackney for great street food from around the world at fair prices. Seven Dials Market (Covent Garden): Prices usually range from £5–£10 per dish, with small bites like sandwiches or snacks starting around £3. Drinks like coffee or fresh juices are around £2–£4. Maltby Street Market (Bermondsey): Famous for gourmet street food, portions here are a bit pricier, generally £6–£12 per item, though some sweet treats or small plates can be £3–£5. Broadway Market (Hackney): Offers a mix of food stalls and artisanal products. Street food prices typically range £5–£10, while specialty drinks or desserts cost around £2–£5.

Supermarket Meal Deals Need something quick and cheap? Major supermarkets like Tesco, Sainsbury’s, and Boots offer “Meal Deals” (a sandwich, snack, and drink) for under £4.

Ethnic Eats You can find incredible, budget-friendly meals in Chinatown, Brick Lane (Indian curries), or Harringay (Turkish cuisine). Happy Hours & Student Discounts Many bars and restaurants offer weekday discounts or happy hours. Always ask if student deals apply, they often do!

4. Discounted Tickets & Fun Events

Entertainment doesn’t have to be pricey, London is full of ways to enjoy culture on a budget.

Theatre Tickets Get West End seats for £10–20 with apps like TodayTix or by visiting the TKTS booth in Leicester Square.

Free Walking Tours Learn the city’s history and hidden stories on “pay-what-you-can” walking tours. These tours are led by great guides, and you decide how much to tip based on your experience. You can find them through websites like Free Tours by Foot, Sandemans New Europe, or Strawberry Tours, or check social media and review sites for local options. Tourist information centers across London also have flyers and details. It’s best to arrive 10–15 minutes early to secure a spot and bring cash or card for your tip, usually around £10–£15 per person, though the amount is up to you.

Student Discounts If you have an ISIC (International Student Identity Card) or NUS (National Union of Students) card, you can enjoy reduced prices for museums, attractions, and even some restaurants. For example, you might get discounts at the London Eye, Shrek’s Adventure, Madame Tussauds, or exhibitions at the Tate Modern. Some restaurants, like PizzaExpress or Franco Manca, also offer student deals, making it easier to enjoy London without breaking the bank.

Concerts & Comedy Nights Many pubs in London host free or low-cost live music and comedy nights, making for a fun and affordable evening out. For example, The Troubadour in Earls Court features live music with no cover charge, The Old Blue Last in Shoreditch often hosts emerging bands for just a few pounds, and Angel Comedy at The Camden Head offers comedy nights where you can pay what you like. These venues let you enjoy London’s vibrant nightlife without spending a fortune.

Seasonal Festivals Join in on Notting Hill Carnival, Winter Wonderland, or Diwali at Trafalgar Square, all have free entry and incredible vibes. At Notting Hill Carnival, you’ll experience colorful parades, live music, and Caribbean food stalls, celebrating London’s diverse culture. Winter Wonderland in Hyde Park offers festive markets, ice skating, and seasonal entertainment, perfect for getting into the holiday spirit. During Diwali at Trafalgar Square, enjoy traditional dance and music performances, vibrant decorations, and delicious Indian food, all celebrating the Festival of Lights in the heart of London.

5. Accommodation Tips: Where to Stay Without Overspending

Your accommodation is often the biggest expense when visiting London, but it doesn’t have to be .

Stay Outside the Center Neighborhoods like Hackney, Harringay, Seven Sisters, and Tottenham offer lower prices and also have excellent Tube connections.

Choose Smartly with London Flats Instead of paying for overpriced hotels, stay in a London Flats property, modern, fully furnished, and located near major transport links. Whether you’re here for a few days or a few months, London Flats offers flexible rental options that fit your stay and your budget.

Every flat is equipped with everything you need, kitchen, Wi-Fi, appliances, furniture, storage space, so you can live like a local while saving money on meals and commutes.

6. Smart shopping and souvenirs

Bring home great memories, not an empty wallet.

Market Bargains London’s markets are treasure troves for bargain hunters and those seeking unique finds. Portobello Road Market in Notting Hill is famous for antiques, from vintage jewelry and retro furniture to rare collectibles. Arriving early gives you the best chance to snag hidden gems at lower prices. Meanwhile, Brick Lane Market is a hotspot for second-hand fashion, independent designers, and quirky accessories. Take your time exploring the stalls, you’ll often find one-of-a-kind pieces for a fraction of the cost of high street stores. Haggling is sometimes acceptable, especially at antique stalls, so don’t be shy to ask for a better price.

Avoid Tourist Traps While central London is full of iconic landmarks, some areas can be expensive if you’re just looking for souvenirs. Gift shops around Piccadilly Circus and Oxford Street charge premium prices for items that you can find much cheaper elsewhere. Instead, head to markets like Camden Market, where you’ll find quirky gifts, handcrafted items, and vintage fashion at reasonable prices. Not only will you save money, but you’ll also get a more authentic London shopping experience, surrounded by local culture and vibrant street life.

7. Hidden Free Gems: London’s Best-Kept Secrets

Some of London’s best experiences aren’t in the guidebooks, and they’re completely free.

Sky Garden Enjoy breathtaking panoramic views of London from the Sky Garden, located at the top of the Walkie Talkie building. Entry is completely free, but you must book a time slot online in advance to secure your visit. The Sky Garden also has beautifully landscaped gardens, bars, and restaurants, so you can enjoy a coffee or snack while taking in the skyline. Visiting in the late afternoon is ideal if you want to watch the city transition from day to night. |

Greenwich Observatory Hill For one of the most scenic and free views of London, climb Greenwich Observatory Hill. From here, you can see the Thames winding through the city, the iconic skyscrapers of Canary Wharf, and even the O2 Arena in the distance. While you’re in Greenwich, it’s worth exploring the Greenwich Park trails and nearby Royal Observatory, which marks the Prime Meridian Line, perfect for combining history with a stunning lookout.

Street Performers London’s streets are alive with amazing live performances, especially around Covent Garden and the Southbank. Expect to see jugglers, musicians, magicians, and theatrical performers, all for the price of a smile or a coin in the hat. Timing your visit in the afternoon or early evening increases your chances of catching more shows, and weekends often have the most variety. Street performances are a fantastic way to soak up London’s creative energy without spending a lot.

Explore More, Spend Less, Stay Smart

Traveling in London doesn’t have to be expensive, it just takes a little planning and a few insider tips. With so many free attractions, budget-friendly meals, and low-cost transport options, you can experience the best of the city even on a tight budget.

And when it comes to accommodation, London Flats makes it even easier. With comfortable, fully furnished apartments and rooms in well-connected neighborhoods, you can save money and stay close to all the action.

Whether you’re a student, a professional, or a traveler visiting for a concert or festival, London Flats is your best choice for an affordable, stylish, and hassle-free stay in London.

Check availability and book your London Flat today!