The residential rental market in Ahmedabad has been witnessing significant growth owing to the steady demand for rented homes. One of Gujarat’s most populous and thriving cities, Ahmedabad is known for its booming economy and bustling industrial hubs that attract working professionals, creating demand for rental properties. This has also attracted many investors seeking real estate investment opportunities to earn good rental income. The availability of employment opportunities, lower cost of living compared to other metro cities and affordable rent are some factors that make Ahmedabad a favourable destination for those looking for rented apartments.
Rental market trends in Ahmedabad
The rental market in Ahmedabad has seen an upward trend in recent years. For example, SG Highway is a key locality that has seen a rise in demand for rented homes since IT parks and educational institutions surround the area.
Key drivers for the Ahmedabad rental market include:
- Increasing economic activities: Ahmedabad is a major economic hub in Gujarat, which has diverse industries in manufacturing, textiles, pharmaceuticals, etc. Moreover, the IT sector has also grown over the years in this city, attracting IT professionals.
- Growing educational sector: Home to renowned educational institutions such as the Indian Institute of Management, Ahmedabad has many reputed colleges and educational institutions that draw a significant student population to the city, creating demand for rental housing.
- Infrastructure development: The rapidly developing infrastructure in Ahmedabad, including upcoming projects like the Mumbai-Ahmedabad High-Speed Rail Corridor and the Ahmedabad Metro expansion project, has influenced real estate activities in the region. This also has an impact on the rental housing market.
Affordable localities to rent in Ahmedabad
| Affordable localities | Average monthly rentals | Price range |
| Nava Naroda | Rs 13,600 | Rs 10,000 – Rs 20,000 |
| New Maninagar | Rs 18,000 | Rs 7,500 – Rs 35,000 |
| Vatva | Rs 9,500 | Rs 5,000 – Rs 27,000 |
| Vastral | Rs 33,000 | Rs 14,000 – Rs 2 lakh |
| Nikol | Rs 18,200 | Rs 16,000 – Rs 20,000 |
| Gota | Rs 25,000 | Rs 11,500 – Rs 60,000 |
| Chandkheda | Rs 22,000 | Rs 12,000 – Rs 55,000 |
| Nana Chiloda | Rs 16,333 | Rs 12,000 – Rs 22,000 |
| South Bopal | Rs 29,000 | Rs 13,500 – Rs 60,000 |
| Shela | Rs 30,000 | Rs 19,000 – Rs 75,000 |
#1. Nava Naroda
Nava Naroda is a fast-developing residential neighbourhood in northeast Ahmedabad. Reputed companies such as Reliance Industries, PepsiCo, Ingersoll–Rand, etc. make this locality a bustling commercial hub. Moreover, the Ahmedabad International Airport is around 10 km from the area. Located on the emerging Gandhinagar – Ahmedabad – Vadodara corridor, Nava Naroda has good connectivity and public transport facilities. There are schools, hospitals, shops, etc.
Pros: Access to employment hubs, good connectivity, and well-developed social infrastructure are major plus points of this locality.
Cons: The area does not have metro connectivity. Residents also face parking problems and traffic congestion in the locality.
Rent options: The locality offers spacious 3 BHK apartments for rent.
#2. New Maninagar
A prominent locality in southeast Ahmedabad, New Maninagar is surrounded by residential localities such as Maninagar and Vastral and employment hubs like Odhav and Naroda. The area is easily accessible from the railway station Ahmedabad Vadodara Expressway and around 3 km from the Nirant Cross Road Metro Station on the Blue Line. The Narol-Naroda Road provides smooth access to the Ahmedabad International Airport. There are reputed schools, medical centres, malls, etc., ensuring a comfortable lifestyle for the residents.
Pros: New Maninagar has well-maintained roads and robust infrastructure facilities.
Cons: There is a limited number of malls and restaurants in the area. Poor road conditions and traffic jams are other common problems faced by the residents.
Rent options: There are gated societies offering 1, 2 and 3BHK homes for rent.
#3. Vatva
Vatva is an affordable locality to rent in Ahmedabad. It is located in the southern part of the city and has good road connectivity via Sardar Patel Ring Road, New Vatva Road, and Narol-Vatva Road. The railway station is in proximity, while the Sardar Vallabhbhai International Airport is around 20 km from the area. The GIDC Vatva is a major industrial hub in the area, which makes the locality suitable for working professionals.
Pros: Some key advantages include the availability of social infrastructural facilities, including shopping malls and markets and good connectivity.
Cons: Lack of direct metro connectivity is a key concern for residents.
Rent options: Vatva has gated projects and independent buildings offering 1, 2 and 3BHK apartments for rent.
#4. Vastral
Vastral is a fast-developing neighbourhood in Ahmedabad with good social and infrastructural facilities, including schools, hospitals, etc. The Ahmedabad Railway Station is around 9 km from here, while the airport is around 17 km away. The Vastral metro station provides metro connectivity to other parts of the city. There are also public transport facilities available. In addition, the industrial areas of Odhav Khokhra and Naroda are in proximity.
Pros: Good connectivity to other parts of the city and access to industrial hubs are the major pluses of Vastral.
Cons: Residents have reported parking and traffic jams in the area.
Rent options: Vastral has modern 2 and 3BHK apartments available for rent.
#5. Nikol
Nikol is an emerging suburb in Ahmedabad situated close to the well-developed area of Naroda. The Ahmedabad railway station is around 8.5 km from the area, while the international airport is around 12 km, which makes this area suitable for frequent travellers. Social infrastructural facilities such as schools, hospitals, shops, markets, parks, etc., are available in the vicinity. The area is also easily accessible from some important industrial hubs.
Pros: The area is in proximity to the airport and railway station, which is a major advantage.
Cons: Lack of direct connectivity and traffic problems are some key concerns of the residents.
Rent options: There are gated communities with 2 and 3BHK apartments available for rent in Nikol.
#6. Gota
Gota is a developing locality in north Ahmedabad with the availability of social infrastructural facilities such as schools, colleges, healthcare centres, markets, etc. The Ahmedabad railway station is around 13 km from the locality, while the airport is around 20 km from here. The locality has good road connectivity and proper public transportation. There are commercial hubs in the vicinity, such as the AVVY corporation, Skywalk the Element.
Pros: Access to social amenities and road connectivity are some of the major advantages of this area.
Cons: Lack of direct metro and traffic issues are some of the key concerns of the residents.
Rent options: Gota has many gated societies offering 2, 3 and 4BHK apartments on rent.
#7. Chandkheda
Chandkheda is a well-known commercial and residential locality in northwestern Ahmedabad. The area draws many working professionals due to the presence of industries and reputed companies such as ONGC. The area is also preferred owing to its easy access to IIT Gandhinagar and other educational institutions. Moreover, social amenities such as schools, medical centres, malls, restaurants, banks, etc. make the locality comfortable for living. The Ahmedabad airport is around 10 km from Chandkheda, while the Ahmedabad railway station is around 12 km from the locality.
Pros: Access to employment hubs and robust connectivity are the major pluses of this locality.
Cons: Lack of direct metro connectivity and traffic congestion are some of the key concerns of residents.
Rent options: Chandkheda has gated societies and independent buildings offering 2 and 3BHK apartments for rent.
#8. Nana Chiloda
Nana Chiloda is a locality in northeast Ahmedabad that has good road connectivity to other parts of the city via Sardar Patel Ring Road and the Golden Quadrilateral Road. The area has well-developed infrastructure and social amenities, including shops, schools, hospitals, etc. There are industrial hubs in the vicinity, which makes this area suitable for those working nearby. The international airport is 9.5 km away, while the railway station is 13.3 km from this locality.
Pros: Good accessibility to the airport and other parts of the city is a major plus point for this locality.
Cons: The area does not have direct metro connectivity and is prone to traffic congestion.
Rent options: Nana Chiloda has modern 2 and 3 BHK apartments and luxury 4 and 5BHK villas available for rent.
#9. South Bopal
South Bopal is a neighbourhood in western Ahmedabad with access to well-developed social infrastructure, including schools, healthcare facilities, supermarkets, banks, parks, etc. The locality is well-connected to other parts of the city by road and has good public transport options. The airport is 35 km away while the Ahmedabad railway station is around 16 km from this area. The job hubs of Prahlad Nagar and Satellite are easily accessible and located within 10 km.
Pros: Good social infrastructural facilities and road connectivity are the major benefits of this locality.
Cons: Lack of direct metro connectivity, traffic jams, and parking issues are major concerns for the residents.
Rent options: The locality has many gated societies with 2, 3 and 4BHK apartments available for rent.
#10. Shela
Shela is a fast-developing locality situated on the western side of Ahmedabad. It has good road connectivity to other parts of the city via the Sardar Patel Ring Road. The bustling office hubs of Prahlad Nagar and Satellite are within easy reach and located within a 10 km radius. Social infrastructure is well-developed and includes schools and hospitals. The airport is around 35 km from the area, while the Ahmedabad railway station is around 18 km.
Pros: Access to employment hubs and well-developed social infrastructure are some of the major plus points of this locality.
Cons: The area does not have direct metro connectivity.
Rent options: Shela has several gated projects providing spacious 2 and 3BHK apartments on rent.
Things to consider when renting in Ahmedabad
- Location: Prospective tenants looking for rented homes in Ahmedabad should check if there is easy access to offices, business hubs or educational institutions, depending on their needs. They should also inspect the locality to check if essential amenities and public transport are available.
- Rent and additional charges: When choosing a house for rent, make sure to check the rental rates in the locality and select the best location based on your budget preferences. Moreover, prospective tenants should consider the additional expenses they may incur, such as maintenance charges, brokerage charges and utility expenses.
- Tenancy laws: Prospective tenants must learn about the existing tenancy laws and their legal rights as tenants. This will help them avoid any possible disputes with landlords.
- Documentation: When renting a house, a rental agreement must be signed by the landlord and the tenant after discussing the terms and conditions. A tenant verification might be necessary, so one should check with the landlord and share the necessary documentation to complete the procedure.
Housing.com News Viewpoint
The rental housing market in Ahmedabad is seeing an upward trend and is expected to witness growth in the coming years owing to factors such as its thriving industrial hubs and upcoming infrastructure projects. Hence, there is a growing demand for rented homes in key localities. A key factor that makes Ahmedabad a preferred destination by the working population and students is affordability.
FAQs
What is the most affordable locality in Ahmedabad?
Gota, Vatva and Maninagar are some of the affordable localities in Ahmedabad.
How much do you need to live comfortably on rent in Ahmedabad?
A monthly salary of Rs 40,000 to Rs 50,000 is ideal to stay comfortably on rent in Ahmedabad.
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