Affordable Venues for Hire in London

Affordable Venues for Hire in London

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Top Inexpensive Event Venues in London

Affordable venues in London average £110 hire fee per hour on Tagvenue, with typical hourly rates of £75–£150. You can also find venues from around £450 per event or £500 minimum spend. For the best value, compare the total cost for your guest count rather than the headline rate, including catering, drinks and any extra fees. Browse affordable London spaces by capacity, location and budget.

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10741 Event Space venues in London

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10741 Event Space venues in London

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Affordable Venues - Tagvenue’s Picks

Based on Tagvenue’s data, as of October 2026, here’s an overview of some of the best spaces you can book for your event in London:

Events/Gallery/Pop Up London at Indra Gallery Events/Gallery/Pop Up London at Indra Gallery Mala Madre Events Space at The Last Talisman Mala Madre Events Space at The Last Talisman Living Room Place whole venue at The Living Room Place Furzedown Venue Living Room Place whole venue at The Living Room Place Furzedown Venue
Space type Event Space in a Gallery Event Space in a Restaurant Event Venue
Venue Modern gallery in Old Street, East London, featuring an infinity cove studio and flexible event space with blackout or daylight settings. Ideal for creative events, pop-ups, or celebrations with DJs and a dance floor. Trendy cocktail bar and Pan-Asian restaurant on Bermondsey Street, known for creative cocktails, sharing plates, and a lively vibe with DJ sets and Happy Hour deals. Ideal for engagement parties, birthdays, or custom celebrations with its dance floor, PA system, and flexible music options. Modern and cosy venue in Furzedown with a flexible layout and warm decor, perfect for creating a welcoming atmosphere. Ideal for intimate celebrations like baby showers, small parties, and private dinners.
Booking costs from £80 hire fee / per hour from £1 minimum spend / per day from £60 hire fee / per hour
Capacity 130 guests seating, 150 standing 60 guests seating, 90 standing 30 guests seating, 50 standing
Location Hoxton, London Bermondsey, London Tooting, London
What users say ‘The event space was perfect for my baby shower and we had such a lovely time.’ ‘Loved the service, the space, and the value for money.’ ‘The venue was very comfortable and the lighting was great for us to film and shoot, definitely recommend.’
Affordable Venues for Hire in London

FAQs about Top Inexpensive Event Venues in London

The cost of affordable venues averages around £105 hire fee per hour. 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:

Prices of affordable venues in London as of October, 2026
From £79 to £160 hire fee per hour
From £800 to £2200 minimum spend per event
From £450 to £2200 hire fee per event

Based on the popularity and user ratings on Tagvenue (updated October 2026), the best options include:

You'll find affordable venues 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 (October 2026):

Small up to 100 guests prices average £90 hire fee per hour
Medium between 120 and 200 guests prices average £1300 minimum spend per event
Large over 220 guests prices average £4500 hire fee per day

These are the venues within 0.6 mi from Central London, available to book on Tagvenue:

  • Arch Space at Beaconsfield Gallery on 22 Newport Street - 0.5 mi from centre.
    Venue said: Its urban aesthetic complements the pristine nature of the Upper and Lower spaces and its stunning, unique atmosphere is ideal for parties, product launches, fashion shows, and film sets.
  • Cathedral View 1 or 3 at Cathedral View on Carlisle Place St. Vincent's Centre - 0.5 mi from centre.
    Our user said: ‘Great venue and location. Bethany was a pleasure to work with and very helpful.’
  • The Terrace at Vauxhall Arches on 39-44 Parry Street Vauxhall - 0.6 mi from centre.
    Our user said: ‘This venue was perfect and all of my guests had an amazing time.’

Based on Tagvenue data (as of October 2026), users looking for affordable venues most commonly go for these venue types:

Event Venue prices average £100 hire fee per hour typically between 80 and 250 guests
Hall prices average £100 hire fee per hour typically between 200 and 300 guests
Restaurant prices average £600 minimum spend per event typically between 90 and 120 guests
Pub prices average £1000 minimum spend per event typically between 80 and 120 guests
Banqueting Hall prices average £3350 hire fee per day typically between 150 and 300 guests

In London, affordable venues are most commonly booked for 25 to 90 guests. Here are some popular kinds of events people have hosted at these spaces on Tagvenue, as of October 2026:

Party Usually between £300 and £1,400. User who booked Mala Madre Events Space at The Last Talisman for 40 guests
said: ‘The space, staff, food and location are all absolutely excellent!’
Wedding Usually between £650 and £2,800. User who booked The Orchard Room at The Glass House - Springfield Park for 80 guests
said: ‘The security were perfect, so kind and helpful, perfect place for our wedding...’
Birthday Party Usually between £250 and £1,100. User who booked Private Party Venue - Lounge at Le Bab Covent Garden for 75 guests
said: ‘We had an amazing night! Thank you so much Imogen and the team...’
Meeting Usually between £250 and £800. User who booked The Bacchus Room at Adam House for 4 guests
said: ‘Ease of booking, great service on arrival and excellent facilities. All round, a great experience.’
Conference Usually between £850 and £3,600. User who booked Elizabeth Room at Events at No6 for 100 guests
said: ‘The room itself was beautiful with lots of natural light and great air conditioning.’

Yes. Some venues charge no separate hire fee and instead use a minimum spend, which means you agree to spend a set amount on food and drinks. Compare the minimum spend with your expected food and drink bill, and check whether service charges or other fees apply.

Start by comparing weekday daytime and off-peak rates, which can be considerably lower at venues with variable pricing. You can also compare hire-fee and minimum-spend venues, consider areas outside Central London, and look for spaces that allow external catering or BYO if this reduces your total cost.

South London has some of the lowest hourly rates in the current Tagvenue listings, with options in areas such as Putney, Tooting and Norwood. East and North London also offer lower-cost halls, studios and party spaces. Compare transport and finishing times as well as the venue price.

Some venues allow external catering, BYO alcohol or both, while others require you to use their own food and drinks. Check for corkage or external-catering buyout fees before booking, as these can reduce the pricing.

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Tagvenue team
Featured post · 8 min read
Guide
Event organising

Your Guide to Hiring Affordable Venues in London

Hire fee or minimum spend – which is cheaper?

Compare the total cost for your guest count, not just the headline price.

  • Hire fee – you pay a fixed hourly, session or day rate for the space. Check what is included and what you will pay separately for catering, drinks, furniture, cleaning or other services. This can work well if you want more control over how you organise and cater your event.
  • Minimum spend – there may be no separate hire fee, but you commit to spending a set amount on food and drinks. This can offer good value for parties where your group is likely to meet the spend naturally, but you may have to pay the shortfall if they don't.

For example, Excel House Lower Hall holds up to 200 standing guests from £450 per evening session, with external catering and BYO alcohol allowed. 

Neither pricing model is automatically cheaper. Compare the hire fee or minimum spend with what you expect to spend on food, drinks and any additional charges before booking.

Which extra costs should you check when hiring an affordable venue?

Before comparing venue prices, check whether the quote includes VAT, cleaning, catering fees, corkage, overtime and any required security. A low hire fee can become more expensive once mandatory charges are added.

Cost What to check Example from Tagvenue
VAT Whether the advertised price includes VAT Alaska Waterloo states prices including VAT
Corkage Whether bringing your own alcohol carries a per-bottle or other corkage charge Big Space at Hackney Showroom allows BYO alcohol with a corkage fee
External catering Whether you need to pay a buyout fee to bring your own caterer Big Space at Hackney Showroom charges a buyout fee for external catering
Deposit and cleaning Whether the deposit is refundable and whether cleaning charges can be deducted  The Garden Room at The Wilds requires a £250 deposit per booking and deducts £100 if the venue is not cleaned
Overtime How much you will pay if your event or pack-down runs beyond the booked time  Old Parish Hall at Core Clapton charges £50 for 0–15 minutes over, rising to £250 per hour beyond an hour
Security Whether SIA-licensed security is required and whether it is included in the quote Requirements are not consistently shown on listings, so confirm this with the venue before booking

When you enquire, ask for the total price including VAT and mandatory fees, whether cleaning is included, and what you will be charged if your event runs over.

When is the cheapest time to book a venue in London?

Weekday daytime slots are often cheaper than evenings and peak party nights. Some London venues use different rates by time or day, so changing when you book can reduce the cost without changing the venue.

Example from Tagvenue listings include:

  • Espinosa Studio at bbodance – £46 per hour from 09:00 to 17:00, £59 per hour from 07:00 to 09:00 and 17:00 to 22:00. A 28% evening premium.

If your date is flexible, compare weekday daytime, weekday evening and weekend rates for the same venue before choosing a cheaper location or smaller space.

Which London areas are cheapest, and what suits each?

South London has some of the lowest hourly hire rates in the current Tagvenue listings, while East and North London offer a good range of lower-cost spaces for parties and larger groups. Central London generally costs more, but can be worth considering when transport convenience matters.

Area

Hire fee per hour

Minimum spend per event

Spaces on Tagvenue

South London

£50–£138

£300–£2,000

569

East London

£70–£200

£700–£2,500

2,005

North London

£60–£200

£550–£3,000

258

Central London

£108–£250

£500–£2,500

6,590

West End

£90–£200

£1,000–£4,850

980

Which affordable venue type suits your event?

Which affordable venue type suits your event?

The best-value venue type depends on your guest count, catering needs and what you need included. Halls and community spaces can work well for larger groups on a hire fee, pubs and restaurants suit events where guests will spend on food and drinks, and studios can be affordable for smaller daytime bookings.

Venue type

Best for

Typical pricing

What to check

Halls and community spaces

Weddings, parties and groups of 100+

£60–£150/hr

Catering, furniture, cleaning and setup

Pubs and function rooms

Birthdays, work drinks and evening parties

Often minimum spend

Food and drink rules, music policy and licence time

Restaurants and private dining rooms

Dinners and food-led celebrations

Often minimum spend

Menu costs, service charge and exclusivity

Blank canvas and warehouse spaces

Parties, receptions and creative events

Hourly or session hire

Catering, décor, sound restrictions and what is included

Studios and creative spaces

Workshops and groups under 50

£46–£90/hr

Capacity, licence time and whether the setup suits your event

Churches and historic spaces

Ceremonies, concerts and larger gatherings

Around £110–£130/hr in the verified examples

Catering, alcohol and décor rules

Coworking and meeting spaces

Meetings, training and work events

From around £80/hr in the verified example

Included AV, Wi-Fi and accessibility

What type of affordable venue do you need for your guest count?

The best-value venue type depends on your guest count, catering needs and what you need included. Halls and community spaces can work well for larger groups on a hire fee, pubs and restaurants suit events where guests will spend on food and drinks, and studios can be affordable for smaller daytime bookings.

Venue type

Best for

Typical pricing

What to check

Halls and community spaces

Weddings, parties and groups of 100+

£60–£150/hr

Catering, furniture, cleaning and setup

Pubs and function rooms

Birthdays, work drinks and evening parties

Often minimum spend

Food and drink rules, music policy and licence time

Restaurants and private dining rooms

Dinners and food-led celebrations

Often minimum spend

Menu costs, service charge and exclusivity

Blank canvas and warehouse spaces

Parties, receptions and creative events

Hourly or session hire

Catering, décor, sound restrictions and what is included

Studios and creative spaces

Workshops and groups under 50

£46–£90/hr

Capacity, licence time and whether the setup suits your event

Churches and historic spaces

Ceremonies, concerts and larger gatherings

Around £110–£130/hr in the verified examples

Catering, alcohol and décor rules

Coworking and meeting spaces

Meetings, training and work events

From around £80/hr in the verified example

Included AV, Wi-Fi and accessibility

What type of affordable venue do you need for your guest count?

Affordable London venues range from small studios for under 30 guests to halls and historic spaces for 200 or more. As your guest list grows, compare the capacity in the layout you actually need – standing capacity can be much higher than seated or dining capacity.

Guest count

Affordable options to consider

From

Example

Up to 30

Studio or small whole venue

£46/hr

Espinosa Studio at bbodance; Living Room Place

30–60

Community space or studio

£80/hr

Warren Centre

60–120

Church, restaurant or pub room

£70/hr

Le Bab Covent Garden Lounge

120–200

Hall or larger party space

£60/hr

Excel House Lower Hall; Room 1 at Dalston Den

Over 200

Large church or hall

£130/hr

Event Space at St John’s Hyde Park, up to 600 guests

Always check which layout the advertised capacity refers to. For example, The Nave at St Ethelburga’s Centre holds up to 150 standing guests but around 70 for dining, so a venue that looks large enough in search results may not suit your planned setup.

How can you find an affordable London venue for a birthday party?

For an affordable birthday party, compare minimum spend, finishing time and music rules as well as the headline price. Daytime bookings can cost less, while a later licence may be worth paying more for if you want the party to continue into the night.

For example:

For a daytime celebration, compare daytime minimum spends before paying for an evening slot. For a late party, check the music policy and licence end time before choosing on price alone.

What should you check before you book an affordable London venue

Before paying a deposit, confirm:

  1. Total cost – ask for the full price including VAT, minimum spend and any mandatory fees.
  2. Capacity and layout – check the number of guests allowed for your actual setup, whether standing, seated, dining or theatre-style.
  3. Hire time and overtime – confirm whether setup and pack-down are included in your booking and what you will pay if you run over.
  4. Food and drinks – check whether you can use external caterers or bring your own alcohol, and whether corkage or buyout fees apply.
  5. Music and licence times – confirm when alcohol service and music must finish, whether your own music or DJ is allowed, and whether noise restrictions apply.
  6. Cleaning and security – ask whether cleaning and any required security staff are included or charged separately.
  7. Accessibility – check step-free access, lifts and accessible toilets for your guests.
  8. Deposit, cancellation and exclusivity – confirm how much you need to pay upfront, the cancellation terms, and whether another event can take place at the venue at the same time.

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Verified Reviews of Affordable Venues in London

NG
Noelyne G.
Verified review
Booked Kitchen For Photoshoot at Kitchen Verse Studio
5.0

Recently had the pleasure of renting this kitchen space, and it exceeded all expectations. The cleanliness and organisation were impressive, making it easy to focus on my masterclass. The kitchen was well-equipped with top-notch appliances and utensils, ensuring a seamless experience. What truly set this rental apart was the owner's exceptional hospitality and flexibility. They were accommodating to my schedule and provided helpful insights, creating a positive and collaborative atmosphere. Overall, a fantastic experience that I would highly recommend to anyone in need of a reliable and well-maintained kitchen space.

AC
Amy C.
Verified review
Booked The Bar at Temper Shoreditch
5.0

We recently had the pleasure of experiencing a fantastic evening at Temper Shoreditch for our staff party. The ambiance of the bar was great. The dim lighting and stylish decor created an intimate and sophisticated atmosphere and was ideal for a group of our size. What really set this venue apart was the impeccable service. The staff were not only professional but also genuinely friendly and attentive. They went above and beyond to ensure that everyone felt welcome and taken care of, from recommending cocktails to promptly addressing any requests. We had a few guests in the group with allergies and this was dealt with diligently. The staff's commitment to customer satisfaction is truly commendable. The food was outstanding and the bar had an impressive selection of drinks that catered to all preferences. The presentation of the cocktails was great, it's clear that the team behind the venue takes pride in delivering a top-level experience.

LA
Lumbini A.
Verified review
Booked Whole Venue at The Travel Cafe Waterloo
5.0

The venue was absolutely perfect for a ceramic painting activity for 9-10 people. It was very clean and private. You can bring your own decorations, catering, drinks and whatever you need but the cafe is beautiful all on its own. The plants add a fantastic touch and the ability to play your own music really adds to the ambience. It is also centrally located for accessibility, plenty of food options on Deliveroo and small supermarkets nearby for any snacks or alcoholic beverages. The service was second to none. Kevin and his colleague were incredibly kind and helpful; no request was too much and they really took the initiative to go the extra mile to ensure we were looked after. They gave us plenty of privacy but were always on hand when needed. The plants and terrariums make lovely mementos too. 10/10!

CL
Ciara L.
Verified review
Booked Mary Read Boat at Studio 9294
5.0

Lee was amazing at coordinating everything and helped for the perfect surprise for my boyfriends 30th. Highly recommended the venue, the photos definitely don’t do it justice. We had awful weather the day of the party but had the best evening downstairs on the boat and made use of the terrace afterwards. They were super flexible on decorations and even lent us some DJ equipment when we had forgotten some parts. 10/10 night, location is spot on and can make your way into studio 90 for the rest of the evening ⭐️ Huge thanks to Lee and the team!

KC
Kiyah C.
Verified review
Booked Big Space at Hackney Showroom
4.8

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

RC
Rebecca C.
Verified review
Booked Basement Cocktail Parlour at Bell & Viv
5.0

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!

EP
Ella-Leigh P.
Verified review
Booked Venue Room at The Cavendish Arms
5.0

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!

S
Sandra
Verified review
Booked Function Suite at The Dickens Inn
5.0

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!

Page last updated in October 2026

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