The best affordable restaurants in South Bank and Waterloo

The best affordable restaurants in South Bank and Waterloo

London is a city with a diverse range of restaurants, from Michelin-starred fine dining to streetfood stalls. But if you're looking for cheap eats, there are plenty of those too. In this guide, we'll focus on restaurants in the South Bank and Waterloo areas, which are both popular tourist destinations and home to many local businesses. Whether you're looking for a quick bite or a leisurely meal, read on for our guide to the best affordable and budget-friendly restaurants in South Bank and Waterloo.

Daniel Sheppard, Content Writer UK, Thatsup Daniel Sheppard, Content Writer UK, Thatsup
Daniel Sheppard
  1. Cheap eats in South Bank and Waterloo
    1. 1
      Crust Bros Build your own pizza
    2. 2
      Mamuśka! London's biggest Polish restaurant
    3. 3
      Okan Straight from the back streets of Osaka
    4. 4
      Honest Burgers At honest prices
    5. 5
      Maries Café The best of both worlds
    6. 6
      Wahaca Doing good for the planet
    7. 7
      Fishcotheque Waterloo's classic chippy
    8. 8
      Roti King The best roti in town?
    9. 9
      Ping Pong Low-sum dim sum
    10. 10
      Marugame Udon Named Best Value Restaurant Group in 2022
    11. 11
      The Steam Engine Part cosy pub, part lively hostel
    12. 12
      Passyunk Avenue Genuine American dive bar
    13. 13
      Tortilla Tortillas and tacos and burritos, oh my!
    14. 14
      GAIL's Ideal for a quick lunch

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Cheap eats in South Bank and Waterloo

Crust Bros

Build your own pizza

Crust Bros have come a long way since opening their first market stall. They now operate several restaurants around London, offering a range of pizzas. You can get classic tomato, white, or pesto sauce pies with tasty toppings, but the real joy comes in creating your dream pizza. Go ham and choose your base, sauce, cheeses and toppings to build the pizza you've always wanted.

Mamuśka! Polish Kitchen and Bar – Affordable restaurants in South Bank and Waterloo
Mamuśka! Polish Kitchen and Bar
Mamuśka! Polish Kitchen and Bar – Affordable restaurants in South Bank and Waterloo
Mamuśka! Polish Kitchen and Bar
Mamuśka! Polish Kitchen and Bar – Affordable restaurants in South Bank and Waterloo
Mamuśka! Polish Kitchen and Bar
Mamuśka! Polish Kitchen and Bar – Affordable restaurants in South Bank and Waterloo
Mamuśka! Polish Kitchen and Bar
Mamuśka! Polish Kitchen and Bar – Affordable restaurants in South Bank and Waterloo
Mamuśka! Polish Kitchen and Bar
Mamuśka! Polish Kitchen and Bar – Affordable restaurants in South Bank and Waterloo
Mamuśka! Polish Kitchen and Bar
Mamuśka! Polish Kitchen and Bar – Affordable restaurants in South Bank and Waterloo
Mamuśka! Polish Kitchen and Bar
Mamuśka! Polish Kitchen and Bar – Affordable restaurants in South Bank and Waterloo
Mamuśka! Polish Kitchen and Bar
Mamuśka! Polish Kitchen and Bar – Affordable restaurants in South Bank and Waterloo
Mamuśka! Polish Kitchen and Bar
Mamuśka! Polish Kitchen and Bar – Affordable restaurants in South Bank and Waterloo
Mamuśka! Polish Kitchen and Bar

Mamuśka!

London's biggest Polish restaurant

Mamuśka! brings a traditional Polish milk bar cafeteria vibe to South Bank, boasting a large, sociable dining hall. The menu is slanted towards affordability and features Polish classics such as the Schabowy pork schnitzel or the bigos sauerkraut stew. For a quick and cheap meal, the handmade pierogi - traditional Polish dumplings with various fillings - are a good choice as well.

Okan

Straight from the back streets of Osaka

The South Bank branch of Okan serves authentic Japanese dishes in a relaxed setting. You can start your meal at this traditionally decorated eatery with one of the Japanese tapas-style small plates, including gyoza and onigiri, then continue with one of the famous okonomiyaki pancakes, fried noodle, curries and more. The affordable dishes are available in a variety of flavours, and you can even customise them with your choice of toppings.

Honest Burgers Waterloo Honest Burgers South Bank
Honest Burgers Waterloo
honestburgers.co.uk/locations/waterloo
Honest Burgers South Bank
honestburgers.co.uk/locations/south-bank
Honest Burgers Waterloo Honest Burgers South Bank

At honest prices

Committed to championing sustainability, high-quality ingredients and transparent sourcing, the Honest Burgers joints can be found all over the city, including two in the wider South Bank area. Choose between flavourful chicken, beef or veggie burgers, served in simple, unpretentious settings and at budget-friendly prices. Sides and drinks are available too, and there are monthly and location -specific exclusives as well. Head to the South Bank branch if you want to sit outside by the river.

  • 9 Festival Terrace, South Bank/Southwark 39 The Cut, South Bank/Southwark
    Honest Burgers South Bank
    9 Festival Terrace, South Bank/Southwark
    Honest Burgers Waterloo
    39 The Cut, South Bank/Southwark
  • Honest Burgers Waterloo
    honestburgers.co.uk/locations/waterloo
    Honest Burgers South Bank
    honestburgers.co.uk/locations/south-bank
    Honest Burgers Waterloo
    020-359 762 66
    Honest Burgers South Bank
    020-454 253 10
  • Honest Burgers Waterloo Honest Burgers South Bank

Maries Café

The best of both worlds

Maries Café is known far and wide for its low prices that don't come at the expense of the portion sizes. It's also one of the few places in London where you can get a proper full English in the morning and pad Thai in the afternoon. The casual, simply furnished Waterloo eatery Maries Café offers stir fries, rice and noodle dishes, prawn toast and other Thai staples. With the friendly staff helping create a welcoming atmosphere, it's no wonder Maries Café is a local favourite.

Wahaca Waterloo Wahaca Southbank
Wahaca Waterloo
wahaca.co.uk/locations/waterloo
Wahaca Southbank
wahaca.co.uk/locations/southbank
Wahaca Waterloo Wahaca Southbank

Doing good for the planet

The first carbon-neutral restaurant group in the entire country, Wahaca is committed not just to great food, but to sustainability and protecting the environment as well. There's a ton of choice on the menu, ranging from casual Mexican street food such as tacos, to set menus designed for sharing. The vibrant and colourful joint also offers vegan, gluten-free and children's menus.

  • Queen Elizabeth Hall, Southbank Centre, Belvedere Road, South Bank/Southwark 119 Waterloo Road, South Bank/Southwark
    Wahaca Southbank
    Queen Elizabeth Hall, Southbank Centre, Belvedere Road, South Bank/Southwark
    Wahaca Waterloo
    119 Waterloo Road, South Bank/Southwark
  • Wahaca Waterloo
    wahaca.co.uk/locations/waterloo
    Wahaca Southbank
    wahaca.co.uk/locations/southbank
    Wahaca Waterloo
    020-395 197 48
    Wahaca Southbank
    020-395 197 46
  • Wahaca Waterloo Wahaca Southbank
Fishcotheque – Affordable restaurants in South Bank and Waterloo
Fishcotheque
Fishcotheque – Affordable restaurants in South Bank and Waterloo
Fishcotheque
Fishcotheque – Affordable restaurants in South Bank and Waterloo
Fishcotheque
Fishcotheque – Affordable restaurants in South Bank and Waterloo
Fishcotheque
Fishcotheque – Affordable restaurants in South Bank and Waterloo
Fishcotheque
Fishcotheque – Affordable restaurants in South Bank and Waterloo
Fishcotheque
Fishcotheque – Affordable restaurants in South Bank and Waterloo
Fishcotheque
Fishcotheque – Affordable restaurants in South Bank and Waterloo
Fishcotheque
Fishcotheque – Affordable restaurants in South Bank and Waterloo
Fishcotheque
Fishcotheque – Affordable restaurants in South Bank and Waterloo
Fishcotheque
Fishcotheque – Affordable restaurants in South Bank and Waterloo
Fishcotheque
Fishcotheque – Affordable restaurants in South Bank and Waterloo
Fishcotheque
Fishcotheque – Affordable restaurants in South Bank and Waterloo
Fishcotheque
Fishcotheque – Affordable restaurants in South Bank and Waterloo
Fishcotheque
Fishcotheque – Affordable restaurants in South Bank and Waterloo
Fishcotheque

Fishcotheque

Waterloo's classic chippy

Fishcotheque is a well-established destination for fish 'n' chips, sourcing fresh fish from Billingsgate Market every day. The restaurant uses high-quality ingredients, including specially selected Maris Piper potatoes for the chips. You can enjoy your battered comfort food in the smart restaurant area with tables, booths, and a striking mosaic. Takeaway is also an option, and the desserts are definitely worth a look – you'll even find the legendary deep-fried Mars bar here.

Roti King

The best roti in town?

Roti King Waterloo is another expansion of the Euston original on the south bank of the Thames. The queues for the rotis filled with cheese, chicken, or accompanied by a selection of kari, are less daunting here, with the 50-cap venue offering both dine-in and takeaway options. Notably, the Waterloo location highlights a range of plant-based choices.

Ping Pong

Low-sum dim sum

You can choose from a stacked range of dim sum at the Ping Pong restaurants around the capital. All sorts of dumplings, gyoza and bao are available at different prices, meaning you can compile the right assortment for your budget. Another budget-friendly option is the all-you-can-eat dim sum menu on Sundays. The Southbank branch of Ping Pong also has a heated terrace for alfresco dining.

Marugame Udon

Named Best Value Restaurant Group in 2022

The Marugame Udon restaurants are counter-service eateries where you can try traditional Japanese food, particularly udon noodle dishes and tempura. You can watch the chefs prepare the noodles and the mounds of crispy-fried deliciousness right in front of you. Grab a tray and load up on udon and rice bowls with various toppings, omusubi rice balls, and various tempura pieces. Grab a tray at this casual spot and head to the counter to get started. 

The Steam Engine

Part cosy pub, part lively hostel

The Steam Engine is one of PubLove's combination pubs and backpackers' hostels, aimed at youthful international travellers on a budget. The in-house Burger Craft kitchen is therefore budget-friendly and well-versed in the flavour arts, serving proper burgers such as the Cheesus Christ with a beef patty, a grilled cheese slab, burger sauce and lettuce. If you prefer soaking up the sun to hanging out in the vibrant pub interior, there's a spacious beer garden as well.

Passyunk Avenue Waterloo – Affordable restaurants in South Bank and Waterloo
Passyunk Avenue Waterloo
Passyunk Avenue Waterloo – Affordable restaurants in South Bank and Waterloo
Passyunk Avenue Waterloo
Passyunk Avenue Waterloo – Affordable restaurants in South Bank and Waterloo
Passyunk Avenue Waterloo
Passyunk Avenue Waterloo – Affordable restaurants in South Bank and Waterloo
Passyunk Avenue Waterloo
Passyunk Avenue Waterloo – Affordable restaurants in South Bank and Waterloo
Passyunk Avenue Waterloo
Passyunk Avenue Waterloo – Affordable restaurants in South Bank and Waterloo
Passyunk Avenue Waterloo
Passyunk Avenue Waterloo – Affordable restaurants in South Bank and Waterloo
Passyunk Avenue Waterloo
Passyunk Avenue Waterloo – Affordable restaurants in South Bank and Waterloo
Passyunk Avenue Waterloo
Passyunk Avenue Waterloo – Affordable restaurants in South Bank and Waterloo
Passyunk Avenue Waterloo
Passyunk Avenue Waterloo – Affordable restaurants in South Bank and Waterloo
Passyunk Avenue Waterloo
Passyunk Avenue Waterloo – Affordable restaurants in South Bank and Waterloo
Passyunk Avenue Waterloo
Passyunk Avenue Waterloo – Affordable restaurants in South Bank and Waterloo
Passyunk Avenue Waterloo

Passyunk Avenue

Genuine American dive bar

The largest US dive bar in London, this buzzing Waterloo venue brings the sights, smells and flavours of Philadelphia to the city. The lively destination, covered in memorabilia and full of character, serves Philly-style cuisine such as buffalo wings, platters, cheesesteaks and more, perfect for soaking up the various booze served by the bar. Prices at Passyunk Avenue are on the affordable side of things, but cosy up to your wallet even more with the help of the many different deals that are offered regularly.

Tortilla

Tortillas and tacos and burritos, oh my!

Serving up a quick hunger fix in the form of flavourful Mexican food, Tortilla offers street-style staples such as burritos, tacos and quesadillas. The group's restaurants features a range of fillings and sauces, so you can dress up your meal to your liking. At the Southwark branch of this popular chain, you can enjoy your meal inside, as takeaway, or on the outdoor tables, if the weather is right.

GAIL's Bakery Blackfriars GAIL's Bakery South Bank GAIL's Bakery Kennington
GAIL's Bakery Blackfriars
gailsbread.co.uk
GAIL's Bakery South Bank
gailsbread.co.uk
GAIL's Bakery Kennington
gailsbread.co.uk
GAIL's Bakery Blackfriars GAIL's Bakery South Bank GAIL's Bakery Kennington

Ideal for a quick lunch

The Gail's Bakery is a fixture all over London, sourcing the finest ingredients from small business and using them to bake its own bread, pastries and cakes. In addition to the baked goods, however, they also serve a breakfast and lunch menu comprised of seasonal snacks such as spiced cauliflower and pickled aubergine sandwich, or soufflé egg and cheddar sliders. All Gail's Bakeries are bright and fitted with front counters displaying the tasty treats of the day.

  • 28 York Rd, South Bank/Lambeth/Southwark One Blackfriars, South Bank/Southwark 18 Kennington Rd, South Bank/Lambeth/Southwark
    GAIL's Bakery South Bank
    28 York Rd, South Bank/Lambeth/Southwark
    GAIL's Bakery Blackfriars
    One Blackfriars, South Bank/Southwark
    GAIL's Bakery Kennington
    18 Kennington Rd, South Bank/Lambeth/Southwark
  • GAIL's Bakery Blackfriars
    gailsbread.co.uk
    GAIL's Bakery South Bank
    gailsbread.co.uk
    GAIL's Bakery Kennington
    gailsbread.co.uk
    GAIL's Bakery South Bank
    020-399 552 77
    GAIL's Bakery Kennington
    020-384 881 65
  • GAIL's Bakery Blackfriars GAIL's Bakery South Bank GAIL's Bakery Kennington

Affordable restaurants in South Bank and Waterloo – About the guide

Affordable restaurants in South Bank and Waterloo - Our guide to affordable restaurants in South Bank and Waterloo is updated regularly. If you know of a great affordable restaurant in South Bank and Waterloo that we haven't featured in our guide, feel free to get in touch. Please let us know if you see any mistakes in our guide to low-cost restaurants in South Bank and Waterloo. Have you visited any of the places mentioned in the guide? Don't forget to write a review on Thatsup.

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At Thatsup, we have extensive experience of guiding our readers to a city’s hidden gems. Since 2008, our editors have been writing insightful guides covering restaurants, bars, cafes, hotels, and hairdressers, among other things. Our guides consist of carefully selected tips based on our local knowledge and are regularly updated with the help of our focus group, where we collectively discuss selections and content. We are constantly working to inspire and provide you with the best possible experience, no matter where you are or what you are looking for.