According to data from SpareRoom, three south east London areas – Lee, Dulwich and East Dulwich – are some of London’s areas where rent prices have been falling, a rarity in the capital.
East Dulwich was named as one of the UK’s best places to live by Muddy Stilettos last year, following on from being named in the list the year before.
East Dulwich was described by Muddy Stilettos as a “cool” place to live on account of its cultural value and food scene, with food markets and “notable restaurants”.
Surprisingly, the highly coveted areas of Dulwich and East Dulwich have both been revealed to be among the top ten areas in London where rental prices have fallen over the past year.
According to data from Spare Room, rent prices in the area of Dulwich, including West Dulwich (SE21), have fallen in the last year by 9.9 per cent.
Meanwhile, prices in neighbouring East Dulwich (SE22) have fallen by 7.5 percent in the last year.
Nestled within the borders of Crystal Palace and Peckham, East Dulwich is a popular area for anyone looking for a quiet and relaxed neighbourhood within easy reach of Central London.
Would-be renters can easily commute to the city, with a train ride to London Bridge from East Dulwich taking just 15 minutes, while North Dulwich station provides easy access to Blackfriars and Victoria.
Aside from its travel links, Dulwich has a strong connection with art, from its array of murals and street art which you can find dotted around the neighbourhood, to its impressive Dulwich Picture Gallery where you’ll find a mix of 17th and 18th century artwork.
If you’re a foodie, Dulwich is a thriving neighbourhood with a wide variety of different cuisines to choose from.
Some of our personal highlights include Trinco found in Oru Space Café – known for its plant based Sri Lankan cuisine, which was also the winner of the ‘Best Café’ award at the Good Food Awards 2024 – as well as Megan’s, a popular dog friendly restaurant serving Mediterranean fare.
When it comes to schools, East Dulwich has its fair share of options, with 37 Good or Outstanding rated schools within three miles, with four being within one mile of East Dulwich.
These schools include Harris Boys Academy and Harris Girls Academy, which were both rated Outstanding by Ofsted.
The area is also situated nearby to other popular neighbourhoods like Forest Hill, known for its leafy parks, London views and The Horniman Museum, which is also free to enter.
How much does it cost to rent?
If you’re looking to rent a house in either one of these neighbourhoods, prices range from between £1,479 to £3,788 in Dulwich and £1,544 to £3,638 in East Dulwich, according to data from the Office for National Statistics (ONS).
Starting with Dulwich, the average rental price for a one-bedroom property between October 2023 and September 2024 was £1,479 a month, whilst a two-bedroom was slightly more at £1,617.
For something a bit larger, a three-bedroom property had an average rent price of £2,549 a month, with properties with four or more bedrooms having an average print price of £3,788.
Moving onto East Dulwich, anyone looking to rent a room in the area can expect to pay around £776 a month.
The average price for a one-bedroom property in East Dulwich was £1,544 a month, increasing to £1,961 for a two-bedroom property.
Meanwhile a three-bedroom property could set you back around £2,438 a month, increasing to £3,638 for a four-bedroom property.
