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 £3340 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 May 2026:
| From £1050 | to £5500 | hire fee per event |
| From £35 | to £105 | per person |
| From £3000 | to £5000 | hire fee per day |
Based on the popularity and user ratings on Tagvenue (updated May 2026), the best options include:
The Events Suite at London Shenley Club
in Hertfordshire - rated 4.9/5
Our user said: ‘Location is perfect. The venue manager was very helpful and reassuring.’
The Orchard Room at The Glass House - Springfield Park
in Hackney Borough - rated 4.8/5
Our user said: ‘Classic design. Big enough space...’
Function Hall at Hidden Space Function Hall
in Newbury Park - rated 4.8/5
Our user said: ‘Was nice Venue, worthy the price, we had a good time...’
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 (May 2026):
| Small | up to 200 guests | prices average £1050 hire fee per event |
| Medium | between 250 and 320 guests | prices average £2500 hire fee per day |
| Large | over 350 guests | prices average £5400 hire fee per event |
These are the venues within 1.2 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. 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 May 2026
To provide you with relevant information, our pages are refreshed using an algorithm that aggregates real-time data, including bookings, reviews, and venue updates.