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The cheapest way from London to Paris: Bus service for £15
Currently, one of the most common inexpensive routes taken is via low cost carrier such as Easyjet, where non-peak flights can often be found for a bargain. Eurostar, conversely, delivers passengers from city-center to city-center without security hassles and sometimes in just as much travel time.
With Eurolines, passengers can pay as little as £15 ($24 as of August 2010) for one way fare between the two cities. Travel time? Seven hours, and there's even an over night bus that leaves at 11PM. For those without a tight schedule though, that's a lot of money saved.
Make sure you book your tickets far in advance though, like with most carriers the £15 fares are probably in short supply.