London doesn't have to break the bank. Discover how to enjoy the best of the capital on a budget with our tips on free attractions, cheap eats, affordable transport, and money-saving strategies for every aspect of your trip.
London on a Budget: It's Possible
London has a reputation as one of the world's most expensive cities, but savvy travellers can enjoy an incredible trip without spending a fortune. The secret is knowing where to look — and London actually offers more free world-class experiences than almost any other city on Earth.
Free Attractions
London's greatest money-saving secret is its free museums and galleries. The British Museum, Natural History Museum, V&A, Science Museum, National Gallery, Tate Modern, Tate Britain, and the Museum of London all offer free permanent collections. You could spend a week visiting these alone and not pay a penny in admission fees.
Other free experiences include watching the Changing of the Guard at Buckingham Palace, exploring the stunning Sky Garden atop the Walkie Talkie building (book in advance), walking through the beautiful Royal Parks, browsing markets like Borough Market and Portobello Road, and attending free lunchtime concerts at St Martin-in-the-Fields church.
Cheap Eats
Skip the tourist-trap restaurants near major attractions and seek out London's incredible street food markets for meals under £10. Borough Market, Camden Market, and Brick Lane offer amazing international food at reasonable prices. Supermarkets like Tesco, Sainsbury's, and M&S offer meal deals (sandwich, snack, and drink) for around £3.50-5. Many restaurants offer set lunch menus at a fraction of their evening prices — even Michelin-starred establishments.
Transport Savings
Use contactless payment or an Oyster card for the cheapest fares — daily caps mean you'll never overpay. Travel off-peak where possible. Walk between nearby attractions — central London is more compact than it appears on the Tube map. Consider a 7-day Travelcard if you're staying for a week. The bus is cheaper than the Tube and offers better views.
Accommodation Tips
Book hostels in East London or King's Cross for the best value. Consider staying slightly further out — areas like Stratford, Brixton, or Walthamstow offer lower prices with good tube connections. Visiting in January-February or November offers the lowest hotel prices of the year.
Entertainment on a Budget
Same-day discount theatre tickets are available at the TKTS booth in Leicester Square for up to 50% off West End shows. Many comedy clubs and live music venues have free or cheap entry on weekday nights. Free walking tours operate across London — you pay what you think the tour was worth. Check the London weather forecast to plan free outdoor activities on the best days.
Daily Budget Guide
Shoestring (£40-60/day): Hostel dorm, supermarket meals, free attractions, walking and buses.
Comfortable budget (£80-120/day): Budget hotel, mix of street food and casual restaurants, Tube travel, one or two paid attractions.
Mid-range (£150-250/day): Boutique hotel, nice restaurants, all transport, theatre tickets and paid attractions.
