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What Are The Different Rates For Flats On Rent In Mumbai?

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Owning a property in an expensive city like Mumbai is a whale of a thing. While it is called a metropolitan, but that would be a euphemism: In a city where majority of population lives in abject poverty and prefers dwelling in slums and shanties, considering it a metropolitan is an exaggeration. It is due the swelling prices of properties that has made a middle-class buyer thrive on a flat on rent in Mumbai. But finding an affordable rental house is again a big problem in itself. Let's see what the city has stored in for an average buyer in terms of rental properties.

Consider Andheri-Dahisar area first: a 1000 sq. ft., 2 BHK flat on rent in areas like Kandivali, Andheri, Borivali, and Malad can cost anywhere between 20k and 35 k. In costlier localities like Goregaon(E), rental flats in Mumbai are available in 40-42k range, though cheaper options are also there. Beyond Thane, you can find a cost-effective flat on rent in Mumbai. Here, the per square feet rate is much less. In Dombivali, Badlapur, Bhandup, Kalyan, and Kalwa, you can easily look for rental spaces ranging between 5k and 25k. As the rates are cheaper, most of the middle-class and low-income group people prefer living in these localities. Though the flats here are unfurnished, yet they do not fall too heavy on a tenant's purse.

If you are a landlord and living in the Central region, you can rent a house in Mumbai at prices ranging between 13k and 85k, depending on the location your rental property is situated. For example, at Mulund, Vikhroli, Ghatkopar, Bhandup, and Powai, you can rent flats at prices up to 45k, while at Hiranandani Gardens, a whopping rental rate up to 85k can be expected. Talking of Mumbai Harbour, the localities here that tenants mostly prefer include Chembur, Wadala, Sewri, and Tilak Nagar. Some of the expensive rental flats in Mumbai are available at Sewri. Here, the average rate of property is around 65/ sq. ft. and a 2 BHK flat is be available at a rental price of 65k/month.

South Mumbai stands out as the costliest place for hiring rental properties. Be it Parel, Dadar, Peddar Road, Tardeo, Worli, or Cuff Parade, you won't find a 2 BHK at a rental rate below 47 lacs. Parel, Peddar Road, and Cuff parade are famous for above 1 lac rental prices per month. At Dadar and Lower Parel, the rate lies somewhere between 60-75k.
 
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  Published Date - September 20 2013
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  Mr. Vinay Kumar
Buy, sell, or rent realestate properties at Makaan.com. Choose from lacs of residential and commercial properties, made available from developers, agents, and owners. Search properties for rent a house in Mumbai in your preferred localities and that lie within your budget.
 
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