London is a city with a diverse range of restaurants, from Michelin-starred fine dining to street-food 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.

The best affordable restaurants in South Bank and Waterloo
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Cheap eats in South Bank and Waterloo
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1Mamuśka! London's biggest Polish restaurant
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2Fishcotheque Classic Waterloo chippy
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3Passyunk Avenue Genuine American dive bar
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4Crust Bros Build your own pizza on the cheap
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5Okan Straight from the back streets of Osaka
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6Honest Burgers At honest prices
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7Maries Café The best of both worlds
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8Wahaca Doing good for the planet
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9Roti King The best roti in town?
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10Marugame Udon Named Best Value Restaurant Group in 2022
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11Tortilla Tortillas and tacos and burritos, oh my!
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Cheap eats in South Bank and Waterloo





London's biggest Polish restaurant
Mamuśka! brings a traditional Polish milk bar cafeteria vibe to a large, sociable dining hall. The menu at this affordable South Bank restaurant 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 sweet or savoury fillings – are a good choice as well.
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9 Addington St, South Bank/Lambeth/Southwark
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Website
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Mamuśka! Restaurant and Bar
020-360 218 98 - Read more on Thatsup









Classic Waterloo chippy
Fishcotheque is a well-established destination for fish 'n' chips, sourcing fresh fish from Billingsgate Market every day. The affordable restaurant in Waterloo 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.
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79A Waterloo Rd, South Bank/Southwark
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Fishcotheque
020-780 398 92 - Read more on Thatsup






Genuine American dive bar
The largest US dive bar in London, this buzzing Waterloo restaurant brings the sights, aromas, and flavours of Philadelphia to the Big Smoke. 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.
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22 Leake St, South Bank/Lambeth/Southwark
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Website
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Passyunk Avenue Waterloo
020-392 651 44 - Read more on Thatsup
Build your own pizza on the cheap
Crust Bros have come a long way since opening their first market stall. They now operate several pizzerias 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 at their affordable restaurant in Waterloo.
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113 Waterloo Rd, South Bank/Southwark
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Website
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Crust Bros Waterloo
020-303 434 24 - Read more on Thatsup
Straight from the back streets of Osaka
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 okonomiyaki pancakes, fried noodles, curries, and more. The dishes at this affordable South Bank restaurant are available in a variety of flavours, and you can even customise them with your choice of toppings.
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County Hall, Belvedere Road, South Bank/Lambeth/Southwark
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Website
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Okan South Bank
077-460 253 94 - Read more on Thatsup
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 South Bank and Waterloo. 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.
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9 Festival Terrace, South Bank/Southwark 39 The Cut, South Bank/SouthwarkHonest Burgers South Bank
9 Festival Terrace, South Bank/SouthwarkHonest Burgers Waterloo
39 The Cut, South Bank/Southwark -
Honest Burgers Waterloo
honestburgers.co.uk/locations/waterlooHonest Burgers South Bank
honestburgers.co.uk/locations/south-bankHonest Burgers Waterloo
020-359 762 66Honest Burgers South Bank
020-454 253 10 -
Honest Burgers Waterloo Honest Burgers South Bank
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, and affordable Waterloo restaurant also 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.
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90 Lower Marsh, South Bank/Lambeth/Southwark
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Website
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Maries Café
020-792 810 50 - Read more on Thatsup
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. There are branches of this affordable restaurant in South Bank and Waterloo.
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Southbank Centre, Belvedere Rd, South Bank/Southwark 119 Waterloo Rd, South Bank/SouthwarkWahaca Southbank
Southbank Centre, Belvedere Rd, South Bank/SouthwarkWahaca Waterloo
119 Waterloo Rd, South Bank/Southwark -
Wahaca Waterloo
wahaca.co.uk/locations/waterlooWahaca Southbank
wahaca.co.uk/locations/southbankWahaca Waterloo
020-395 197 48Wahaca Southbank
020-395 197 46 -
Wahaca Waterloo Wahaca Southbank
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. This is reliably one of the best choices for dining on a budget in Waterloo.
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97 Lower Marsh, South Bank/Lambeth/Southwark
- Website
- Read more on Thatsup
Named Best Value Restaurant Group in 2022
Marugame Udon is a counter-service eatery 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 tempura. The budget-friendly Waterloo restaurant is located at Waterloo Station, making it a good choice for refuelling before or after a journey.
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Waterloo Station, Waterloo Rd, South Bank/Southwark
- Website
- Read more on Thatsup
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 affordable restaurants feature 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.
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1 The Cut, South Bank/Southwark
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Website
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Tortilla Southwark
020-762 040 84 - Read more on Thatsup
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