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Are you planning to rent a flat in Mumbai? Know the average cost of living .
Mumbai is the city of dreams. A city that never sleeps. Mumbai is always bustling with energy and folks all-around with its high-rise buildings, luxurious and lavish houses, spectacular seafront, deliciously gastronomic street food, trendy shopping streets, and vibrant traditional Victorian-era architecture.
With such a vast inflow of people and the reputation of being one of India’s most popular cities, Mumbai has always been an expensive city to live in. The cost of renting a house in Mumbai is comparatively higher than any other metropolitan city in India.
The cost of living in Mumbai depends on various parameters like Accommodation, Food, Transport, etc. Let’s discuss the actual numbers in detail!
The cost of renting a house and the average cost of living in Mumbai may differ from person-to-person, but the location of your stay and your lifestyle preferences is something that will set the tone for your living cost in Mumbai.
Mumbai may a charming city attracting thousands of individuals with a wide range of opportunities and but the real estate is scattered and expanded over numerous parts. Thus, it is sensible to remain near your office to avoid long commute time and travel expenses. However, renting a house in Mumbai will be higher if you’re closer to central Mumbai. If you’re prepared to travel, there’s a better chance of getting a decent 1BHK apartment for rent in Mumbai for around ₹15-20k in an average locality like Thane or Vasai.
Here’s an approximate rental cost based on the flat’s size to give you an edge on your house-hunting!
1 BHK Flat in Mumbai
As stated earlier, it varies depending on the location and society one is trying to find a house for rent. In south Mumbai, one may get comparatively compact and costly flats compared to flats in Navi Mumbai with ample space and low rent. On average 1bhk flat for rent in central Mumbai may cost around 20k to 25k, and in other parts of the city, one may be able to get the same flat in the range of 10k–15k.
2 BHK Flat in Mumbai
The average rent of a 2bhk flat in Mumbai is in the range of 30k-40k, which may increase or decrease depending on the location and other amenities one is looking for. For example, renting a 2bhk flat in south Mumbai is more expensive than the north part of the city. Also, flat conditions, neighborhoods, and other amenities will end up increasing the rental cost.
3 BHK Flat in Mumbai
3bhk rent in Mumbai is in the range of 40k to 60k, which may go up to even 1.5L if one is looking for a flat in a luxury apartment or premium societies with furnishing and world-class amenities.
Umar Nisar was born and raised in the busy city of Abbottabad. As a journalist, Umar Nisar has contributed to many online publications including PAK Today and the Huffing Post. In regards to academics, Umar Nisar earned a degree in business from the Abbottabad UST, Havelian. Umar Nisar follows the money and covers all aspects of emerging tech here at The Hear Up.
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