London is a city that seems to have endless possibilities: Iconic landmarks, vibrant neighborhoods, and world-class experiences. But if you are on a tight budget, it can feel like a luxury destination, especially with expensive accommodation, pricey meals, and transportation costs.
But don’t worry! It is possible to enjoy this dynamic city without breaking the bank. Here is how you can experience London affordably while still making the most of everything the city has to offer:
Opt for ‘Cheapskate’ Accommodations
Finding affordable accommodation in London doesn’t have to mean sacrificing comfort. While central hotels can cost over $150 a night, there are plenty of budget-friendly alternatives. Consider booking a hostel! Many offer clean rooms, friendly atmospheres, and a chance to meet fellow travelers.
If you prefer more privacy, Airbnb has plenty of options outside central London, where you can find private rooms for as low as $50 per night. Additionally, during summer months, university dorms offer another affordable choice. These spots let you stay close enough to London’s main attractions while cutting down on costs.

They are trendy, full of local culture, and often significantly less expensive than staying in neighborhoods like Covent Garden or Soho.
Save Big on Transportation
London’s transport system can be confusing. But it is pretty easy to use once you get the hang of it. And it can be surprisingly affordable if you know the tricks. Forget about hailing a cab or booking an Uber. Instead, opt for the iconic London Underground (Tube), buses, and the River Bus.
To save on fares, grab an Oyster card, which is a smart travel card used for pay-as-you-go travel across all public transport. An Oyster card can save you up to 50% on fares compared to buying a paper ticket. You can load it with credit and use it across buses, trains, and the Tube.
You can also use contactless payment methods like your credit or debit card or mobile pay. These methods offer the same savings as the Oyster card, and you won’t have to worry about topping up. Walking is another great option! The city is surprisingly walkable, and many of London’s best spots are only a short stroll apart.
Eat Like the Brits!
London is known for its international food scene, but eating out can quickly become expensive. To save money, head to places where locals eat. Borough Market is a fantastic spot to grab a delicious lunch for under $10. From fresh sandwiches to street food from around the world, you will find a variety of affordable meals.

However, if you are craving something hot, try a local pub for hearty, budget-friendly meals. Many pubs offer specials like fish and chips, burgers, and pies for around $10-$15, and you can often find deals like “two-for-one” meals.
Visit Free Attractions
One of the best things about London is how many world-class attractions you can enjoy for free. The British Museum is a must-see, with its impressive collection of historical artifacts from around the world. And it is free! Spend hours walking through its halls, learning about ancient cultures, all without spending a dime.
Other free museums include the National Gallery and the Tate Modern, home to incredible art collections.
When the weather is nice (which is rare there!), there are plenty of parks to explore. Hyde Park, one of London’s largest and most famous parks, offers a peaceful place to relax, rent a rowboat, or simply take in the green surroundings.