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Top Affordable Venues in London

While London is considered an expensive city, you would be surprised at how good of a deal you can get when venue hunting. If you’re looking for some affordable venues in London, you’re in the right place! Tagvenue allows you to compare venues all over Greater London from the comfort of your home. No matter the occasion, with our help you’ll be able to find yourself a great deal in no time! Book with us today and see how much you can save!

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Affordable Venues Hire Guide

Organising a proper party or event in London for cheap may seem like a daunting task. If you think you won’t be able to find a venue that fits your budget, we’re happy to give you a helping hand. Thanks to Tagvenue, you can find the best space for you, contact venue managers directly, and pay online. If you need any tips on how to set yourself up for success with your venue hire, feel free to follow this guide.

How to find cheap venues in London

If you want to find yourself a great London venue on the cheap, you will have to think outside the box. There are many different tips and tricks on how to save money on venue hunting and we know all of them. Here are some of the approaches you can use when searching for your dream affordable venue in London:

  • Go off the beaten path - Search the less popular districts and discover hidden gems. Not only are many of them one of a kind, they’re usually much cheaper. The rule of thumb is: the further you are from London’s centre, the less you will have to pay for your venue. Who knows, maybe you’ll find a deal so great that it’ll be worth the extra drive?
  • Minimum spend - Which basically means free venue hire. Sounds too good to be true? Instead of paying a hire fee, you just have to spend a minimum amount on food and drinks at your event. Great option for all types of parties and celebrations.
  • Focus on alternative venues - Looking for a budget wedding venue in London? Try thinking outside the box. More and more people are celebrating special occasions in pubs. Their owners are often more than happy to hire out their space for events, especially midweek. Depending on what you’re going for, you can also opt for meeting spaces, creative studios, or warehouses if you find something that interests you.
  • Choose a smaller venue for hire - What’s the point of hiring a huge space for 300 people when you only expect 100 guests to show up? Usually, the more space you hire, the more you pay. Focus on something that’s not too big for your event if you’re working with a tight budget. To do that, you can ask the guests to RSVP to your event way in advance. That way you’ll get the maximum amount of seats you’re going to need. Remember to think about how many guests you can host before you send out the invitations.
  • Decorate the venue yourself - This is a no-brainer, especially if you want to go for an unfurnished venue. Bring some basic furniture (or ask the venue if they could provide it), check out some DIY decoration ideas on Pinterest and see where your imagination is going to take you!
  • Handle the food and drinks yourself - In-house catering can get quite expensive at times, so why not do it yourself? Preparing a feast for over 50 people may just be too difficult, but smaller dishes and hors d'oeuvres are perfectly approachable for you or people willing to help you.

Popular types of cheap venues for hire in London:

  • Warehouses - If you need a unique location with a high ceiling and a cool, industrial vibe, warehouses are the ultimate choice. Converted factories, lofts and railway arches are usually an affordable option for private parties, wedding receptions and many other occasions.
  • Halls - Another versatile and cheap venue hire option. And the best thing? There are plenty of cheap halls to choose from in every district of London. No matter which part of the city you live in, Tagvenue will help you find a location that meets both your needs and your budget.
  • Blank canvases - These are truly spaces that can do it all. Weddings, meetings, or parties can be arranged in an appropriately sized blank canvas space. And they’re pretty cheap and common in central London.
  • Art galleries - Feeling a little artsy? London is full of art galleries for hire. While they’re most commonly used for exhibitions or artist collaborations, you can ask them to set up for many different types of events or parties.
  • Creative spaces - If you’re looking for an alternative to a typical photo or art venue, creative spaces offer just that. They are very versatile in their use cases and facilities, so you may be able to find something that fits your project or event.

When you manage to pick the best venue for your budget, closing the deal will be easy as pie. Just head on to the venue page on Tagvenue, fill out your event details and send the enquiry. Your venue manager will soon reach out to you and provide you with all the details. You can even pay off the hire fee online, with no additional costs!

Affordable Venues in London FAQ

Can I hire an affordable venue in London?

Even though London belongs to one of the most expensive cities in the world, you shouldn’t lose hope when it comes to hiring an affordable venue for any occasion. There are many smaller spaces for lower prices or you can opt for booking a minimum spend space. This means you only commit to spending a set amount of money on drinks and food, but don’t need to pay anything for the space itself!

How much should I expect to pay for an affordable venue in London?

The final prices of venues differ from spot to spot, but in general, the hire fee starts around £12 per hour. You can find a per person price as low as £25 per session, while minimum spend usually doesn’t get lower than £50 per session. (All data from Tagvenue.)

How can I save money on venue hire?

There are several ways to stay on a budget while hiring a venue in London. Make sure your guest list is as short as possible, because the smaller the place, the cheaper it will be. If your event requires catering, you can decide to hire a venue that allows you to bring your own alcohol and food, which will also help you save some money.

What’s the best time for booking affordable venues?

If you want to get a venue for cheap, you should consider hiring outside peak hours. Weekday evenings and weekends are usually the most saturated (and expensive) timeframes for venue hire. Weekday mornings (8:00-13:00) will usually be your best bet for short-term venue hire.

Guests Reviews of Affordable Venues on Tagvenue

Kiyah Cousins
Booked Big Space at Hackney Showroom
I recently had the pleasure of visiting hackney showroom HQ for a Bridal shower - it is a great space that left me thoroughly impressed. From its spacious layout to the attentive staff, every aspect of my experience surpassed my expectations, making it an outstanding choice for any event. One of the venue's greatest assets was its staff. The staff provided were not only helpful but also incredibly kind. From the moment I arrived they were readily available to help me with my needs. The tables and chairs are easy to find and set up also the kitchen and other facilities were clean and well maintained. I recommend this venue for any occasion. Whether you're planning an intimate gathering or a large-scale event, you can trust that this venue will exceed your expectations. I applaud the management and staff for their outstanding dedication to providing a memorable experience for myself and all my guests. Thankyou
Rebecca Conway
Booked Basement Cocktail Parlour at Bell & Viv
The team were all incredibly accomodating, responsive, and friendly. Areanging the evening was easy, as the bookings team reply to messages so quickly. In terms of the space, the venue was really clean and decorated nicely - the team had really good music playing when we arrived, so we didn’t even need our own playlist in the end (but still had the option if we needed!). Drinks and service were also amazing, and good value considering how close the venue is to kings cross. Thank you again for such a great experience - you made a 30th birthday feel very special!
Ella-Leigh Perry-Smith
Booked Venue Room at The Cavendish Arms
I hosted a scratch night for around 50/60 people at the Cavendish Arms yesterday and it was such a fantastic venue. Booking it was so easy, with shriley answering all questions i had very quickly and with so much detail. The staff were so friendly and helpful. I came to the venue a few times before the evnt and staff were happy for me to look at the space. On the day of the event, the technican was fantastic and with literally no rehersal time made all the sound and lighting ques with so issue. Everyone said to me how amazing this space was and i couldmt agree more. The value for money is crazy good. I will be hosting again here in a heart beat!
Booked Function Suite at The Dickens Inn
We organised our engagement party there on a Friday evening till late in the Pickwick room and I think about 80 people turned out! Agata and then Bogdan and Jack and Julia were the MOST helpful and organised people to work with! They made the organisation so seamless and easy and stress free! We had a DJ with live musicians - they lended the venue's dj booth cover without asking. We had a private open bar and Jack came to ask for a briefing before we started. We had flowers and decorations and they helped us put it up. We had a HUGE cake which they received and kept in the fridge and then served at the desired time, cut and served. They had many staff serving champagne to all of our guests. Agata and the team also designed and printed posters to show the way to the venue for our guests which was in line with our theme. The food served was delicious! I was skeptical at first as I thought it'd be pub food but omg it was just amazing! Guests loved it! The venue itself was just beautiful and the balcony was much loved by our guest for a breath of fresh air! It was honestly the most fun, engaging and relaxed party we ever threw. Guests didn't want to leave!
Booked Royal Lounge at SPACES
Host was outstanding, on hand to support and help with anything I asked for. Loved the Decor of the venue, everything was beautifully styled. Food was delicious, for a great price. Sound system and lighting was wonderful too.
Iyanu Adebiyi
Booked The Lounge at Floaty McFloat Face
Our host was very helpful and lovely, she made us feel welcome and was able to answer any uestions we had The boat itself was amazing and perfect for our baby shower. They decorated the place well and the weather was great so we had the ceiling open which made it even better All our guests loved it and we will definitely recommend this venue to everyone! And will definitely use it again in the future!

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