London Underground
Rent by station on the Waterloo & City line
The cheapest stop on the Waterloo & City line is Waterloo, where a one-bedroom averages £1,882 a month in Lambeth. The dearest is Waterloo at £1,882 — a gap of n/a a month along a single line.
Running between Bank and Waterloo, the Waterloo & City line passes through Lambeth, City of London.
2 stations · zone 1 · 2 London boroughs · rent figures August 2026
Boroughs on the Waterloo & City line, cheapest first
Average monthly rent for a one-bedroom property, August 2026, against the London average of £1,760.
| Borough | Stops on line | 1-bed average | vs London | Share of local pay |
|---|---|---|---|---|
| Lambeth | 1 | £1,882 | +£122 | 49.2% |
| City of London | 1 | Not published | — | — |
Share of local pay: one-bed rent against median gross full-time pay of residents, ONS ASHE 2024. How this is calculated.
Every stop on the Waterloo & City line, cheapest first
Rent is published by borough, so stops in the same borough share a figure. The ranking is what changes: it shows where along the line the cheaper boroughs actually are.
| # | Station | Zone | Borough | 1-bed average | On FTR now |
|---|---|---|---|---|---|
| 1 | Waterloo | Zone 1 | Lambeth | £1,882 | 2 |
| — | Bank | Zone 1 | City of London | Not published | 2 |
Rent on the Waterloo & City line by property size
The middle stop on the line at each size, and the cheapest stop for that size — which is not always the same station, because boroughs price sizes differently.
| Size | Middle stop | Cheapest stop | From | London average |
|---|---|---|---|---|
| 1 bedroom | £1,882 | Waterloo Lambeth | £1,882 | £1,760 |
| 2 bedroom | £2,342 | Waterloo Lambeth | £2,342 | £2,232 |
| 3 bedroom | £2,682 | Waterloo Lambeth | £2,682 | £2,643 |
| 4 or more bedroom | £3,715 | Waterloo Lambeth | £3,715 | £3,646 |
Available now within walking distance of the Waterloo & City line
4 live listings on FTR London within a 20-minute walk of a stop, cheapest first.
Lines you can change onto
Common questions
Where is the cheapest place to rent on the Waterloo & City line?
Waterloo is the cheapest stop on the Waterloo & City line. It sits in Lambeth, where a one-bedroom property rents for an average of £1,882 per month (August 2026, ONS) — £122 above the London average of £1,760.
How many stations are on the Waterloo & City line?
The Waterloo & City line serves 2 stations across zone 1 and 2 London boroughs.
Looking for a place on this line?
Browse rooms and flats listed directly by their landlords across every London borough.