Camden Council said it had no plans to close any schools after figures revealed dozens were operating under capacity.
London is facing a drop in demand for school places, with a declining birth rate the main reason, according to London Councils. A 20% decrease between 2012 and 2022 translated to 27,490 fewer live births.
Local authorities have cited a lack of affordable family housing, as well as Brexit and the cost of living as contributing factors.
As part of the National Funding Formula, schools receive central government money per pupil, with councils in Hackney and neighbouring Islington forced to close schools as a result.
Figures show that across Camden some schools have hundreds of spare places, but a council spokesperson said it has no current plans to close or merge any schools.
The borough has the second-lowest birth rate in the country, while the average house price is more than £1 million.
Camden Council has closed four primary schools since 2019, including St Dominic's in Gospel Oak, Carlton Primary, also in Gospel Oak, St Michael's in Camden and St Aloysius in Somers Town.
La Sainte Union Catholic Secondary School is under capacity by 507 pupils. The all girls' school has capacity for 1,188 students but has only 681.
Opposite it in Highgate Road, Parliament Hill School, which also only takes boys in the sixth form, has 163 empty spaces. With a capacity for 1,380 pupils, it currently has 1,217.
Hampstead School which can take 1,687 pupils, has only 1,280, 407 under capacity.
Haverstock School, which Energy Secretary Ed Miliband and his brother David attended, has a shortfall of 267 pupils. The school can take 1,224 students but has 957.
No secondary schools are at or over capacity.
Rhyl Community Primary School, in Gospel Oak, has a pupil shortfall of 200 - 352 for 552 places.
New End Primary School, in Hampstead, has 107 unfilled places.
A school is at or in excess of capacity when the number of pupils enrolled is greater than or equal to its number of places.
Only a few primary schools in Camden are in this position.
Our Lady Roman Catholic Primary School 224 students for 210 places - it took in extra pupils in 2023 when St Michael's CoE and St Aloysius schools closed.
Christ Church Primary School, Hampstead has 12 more than its capacity.
Holy Trinity CofE Primary School, in Maresfield Gardens, is six pupils over, while Holy Trinity and Saint Silas CofE Primary School, in Camden, is 19 over capacity.
Cllr Marcus Boyland, cabinet member for best start for children and families, said: “As with many other central London boroughs, Camden has experienced a significant drop in demand for school places.
"Our priority is to ensure our high-quality education offer continues for families, and this has involved making difficult decisions to reduce overall capacity.
“We know that our schools are at the heart of many of our communities. We are closely supporting schools to promote their offer, and we are managing spare capacity by providing further space for special educational needs and early years services.
“We will continue to monitor pupil numbers and take necessary steps to ensure children and young people in Camden receive the best education and our schools are sustainable for the future.”
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