Budget-friendly doesn't mean basic – discover a hidden gem from our vast selection of cheap banquet halls in London, all at prices that won't leave you in tears. At Tagvenue, we offer a variety of affordable function halls, perfect for any events you have in mind, from family functions to corporate celebrations. Whether you seek a traditional banquet room with elegant decor in Kensington or a modern event hall with state-of-the-art facilities in Chelsea, each offers the perfect canvas for your soiree. So, don't let budget constraints limit your options. Browse our platform now!
The cost of cheap banquet halls averages around £2500 hire fee per event. The final price will depend on location, size, amenities, and demand. Some venues also offer additional packages that include catering, AV equipment, or additional services. Take a look at the usual price ranges in London, based on Tagvenue data from December 2025:
| From £1000 | to £4140 | hire fee per event |
| From £75 | to £150 | hire fee per hour |
| From £1500 | to £4000 | hire fee per day |
Based on the popularity and user ratings on Tagvenue (updated December 2025), the best options include:
1901 at Andaz London Hotel
in City of London - rated 4.8/5
Our user said: ‘A truly historic and glamorous venue.’
Council Room at {10-11} Carlton House Terrace
in St James - rated 4.8/5
Our user said: ‘We booked this place for our wedding reception. Excellent coordination with the team.’
Banquet Hall (All Studios) at Dariana Events, Wembley
in Wembley - rated 4.7/5
Our user said: ‘The event space itself was spacious, bright, and beautifully designed.’
You'll find cheap banquet halls in various sizes, from smaller spots to larger venues; keep in mind that the type of space and your chosen layout will affect the capacity! Below you can see the typical venue sizes in London, together with the standard prices in each size range, based on Tagvenue data (December 2025):
| Small | up to 180 guests | prices average £100 hire fee per hour |
| Medium | between 200 and 300 guests | prices average £3000 hire fee per day |
| Large | over 320 guests | prices average £3800 hire fee per event |
These are the venues within 0.9 mi from central London, available to book on Tagvenue:
Absolutely! There are many affordable banquet halls that can accommodate your wedding reception in London. With elegant decor and spacious seating arrangements, banquet rooms are the perfect choice for hosting a reception on a budget. Excel House Halls in South Tottenham is one option that offers an affordable hourly rate, starting from £60, and several modern event spaces for your receptions. Another fantastic choice is The Grand Hall and Chambers Leyton, which provides a stunning setting at a budget-friendly price of £75 per hour. Both venues are located in convenient locations with public transport nearby, making it easy for your guests to attend.
Yes, there are inexpensive banquet rooms in London with a capacity of 500 guests. One great option is Bruce Grove Hall, an event venue in North London that can seat up to 600 guests for a banquet. They offer competitive pricing starting at £3,000 per session, making it a budget-friendly choice for large gatherings. Another outstanding option to consider is Saffron D'or, a massive hall in Ealing that can fit up to 700 attendees. They have a spacious banquet hall that can accommodate up to 500 guests and offer a reasonable daily hire fee of £3,500. On our platform, you can enter your desired capacity to narrow down the search results and find the perfect event venue that meets your needs. So, explore more banquet halls for your big event!
Page last updated in December 2025
To provide you with relevant information, our pages are refreshed using an algorithm that aggregates real-time data, including bookings, reviews, and venue updates.