Hyderabad has emerged as one of India’s fastest-growing cities, offering a blend of rich culture, modern infrastructure and thriving job opportunities, especially in the IT sector. With an influx of professionals and students moving to the city, the demand for rental homes has surged. However, finding an affordable locality to rent a house can be a challenge. Fortunately, Hyderabad offers several budget-friendly areas that provide a comfortable lifestyle without compromising on essential amenities. In this article, we explore the top affordable localities to rent a house in Hyderabad, ensuring you get the best value for your money.
Factors that make a locality affordable
When considering an affordable locality to rent a house in Hyderabad, several key factors influence the cost and overall value of the area. These factors include:
- Proximity to employment hubs: Localities closer to major job hubs like HITEC City or Gachibowli may come at a premium, whereas areas slightly farther away tend to have more budget-friendly options. However, a well-connected locality with good public transportation can still offer easy access to workplaces while keeping rental costs low.
- Infrastructure and amenities: Availability of essential infrastructure, such as hospitals, schools, supermarkets and parks, significantly affects rental prices. Localities with basic amenities but without luxury or premium facilities generally fall into the affordable category.
- Public transportation: A locality with excellent public transport options like metro stations, buses, and well-maintained roads tends to offer greater affordability. Efficient transport links help cut down on travel time without having to live in more expensive central areas.
- Safety and security: Affordable localities that provide a safe and secure environment are ideal for renters. The presence of security measures, including gated communities and regular patrolling, ensures that affordability doesn’t mean compromising on safety.
- Rental demand and vacancy rates: Areas with higher vacancy rates often have more negotiable rental prices, making them more affordable. Localities experiencing moderate rental demand tend to be less competitive, leading to better rental deals for tenants.
- Type of housing available: The type of housing in a locality, whether it’s independent homes, apartments, or shared accommodations, impacts the rental price. Localities with a mix of housing options, including smaller or older apartments, usually offer more affordable choices.
Top affordable localities to rent a house in Hyderabad
Here is a list of the cheapest localities in Hyderabad for renting a house.Â
1. Uppal
Located in East Hyderabad, Uppal is known for being home to the National Geophysical Research Institute. It is a well-established IT hub and boasts strong connectivity to nearby residential areas like Tarnaka (6 km) and Pocharam (13 km). Uppal is popular among middle-class and upper-middle-class students and professionals seeking a quieter, more spacious living environment, away from the busy city centre. Many prefer renting homes here due to the availability of independent houses. Uppal is served by its own metro station, and Kachiguda railway station is just 10 km away. Key amenities in Uppal include:
- Educational Institutes: Rankers Techno School, Kakatiya Junior College, St. Xaviers High School, Lady Flower Junior College, Meridian School and Global Indian International School
- Hospitals: Aditya Hospital, Krishna Multi Speciality Hospital, TX Hospitals and Sumithra Hospital
- Shopping centres and malls: Mahalaxmi Shopping Center, DSL Virtue Mall, Sree Hemadurga Mall and South India Shopping Mall.
| Rental rates in Uppal | ||
| Flat type | Price range | Average Rent |
| 1 BHK | Rs 6,000 – Rs 7,000 | Rs 6,500 |
| 2 BHK | Rs 10,000 – Rs 15,000 | Rs 12,250 |
| 3 BHK | Rs 17,000 – Rs 19,000 | Rs 18,000 |
Source: Housing.com
2. Somajiguda
Somajiguda, home to the Raj Bhavan (the official residence of the Governor of Andhra Pradesh and Telangana), is poised to become a commercial hub. Despite this commercial growth, the area still has residential pockets offering relatively affordable accommodation, especially when compared to upscale neighbourhoods. With its excellent infrastructure and connectivity, Somajiguda is an ideal option for those seeking affordable rental homes. Known for its peaceful surroundings, it is conveniently located near Punjagutta, Khairatabad, and Begumpet. Residents enjoy the lush greenery that surrounds the area, providing a serene environment for relaxation. Key amenities in Somajiguda include:
- Educational institutes: Mt.Helicon Public School, The Jain International School, Villa Marie College, Chaitanya Vidyalaya, Roots Junior College, Hyderabad Public School and St. Francis College for Women
- Hospitals: Yashoda Hospitals, Asian Institute of Gastroenterology, Zoi Hospitals and Matrika Hospital
- Malls: S.K.Mahavir Mall, L&T Mall, Amit Plaza, Hyderabad Central and GS Mall
| Rental rates in Somajiguda | ||
| Flat type | Price range | Average Rent |
| 1 BHK | Rs 15,000 – Rs 20,000 | Rs 17,500 |
| 2 BHK | Rs 21,000 – Rs 26,000 | Rs 23,000 |
| 3 BHK | Rs 30,000 – Rs 70,000 | Rs 50,000 |
Source: Housing.com
3. Miyapur
Miyapur, once a small village, has now become a part of Hyderabad’s expanding cityscape. Located about 22 km from the city centre, it stands out as one of the most affordable housing options in Hyderabad. Miyapur enjoys excellent connectivity, linked to the city centre via the Miyapur-Gachibowli and Miyapur-Kompally Intermediate Ring Roads. Additionally, its proximity to NH-65 provides easy access to major cities like Machilipatnam and Pune. The area also offers ample employment opportunities and is conveniently located just 4 km from Hafeezpet Railway Station. Key social amenities in Miyapur include:
- Educational Institutes: Matrusri DAV Public School, Silver Oaks International School, Academic Heights Public School, Vignan Global Gen School, Sri Chaitanya Girls Jr College, Genesis School, and Deeksha Junior College.
- Hospitals: Srikara Hospitals, Healix Hospital, and Mirra Multispeciality Hospital.
- Shopping centres and malls: GSM Mall & Multiplex, Maangalya Shopping Mall, Miyapur Central, Grand Mall and Sriven Mall
| Rental rates in Miyapur | ||
| Flat type | Price range | Average Rent |
| 1 BHK | Rs 12,000 – Rs 15,000 | Rs 13,500 |
| 2 BHK | Rs 19,500 – Rs 24,500 | Rs 22,000 |
| 3 BHK | Rs 29,000 – Rs 36,000 | Rs 32,500 |
Source: Housing.com
4. Begumpet
Named after Basheer Unnisa Begum, the daughter of the 6th Nizam of Hyderabad, Begumpet is located to the north of Hussain Sagar Lake. This area is renowned for housing the famous Begumpet Airport, which is primarily used for training and chartered flights. Surrounded by numerous MNCs and government offices, Begumpet has evolved into a key commercial and residential hub. It is known for its peaceful atmosphere, featuring wide, well-maintained roads lined with lush greenery. Begumpet offers a mix of historical charm and modern conveniences, with housing options ranging from vintage homes to contemporary apartments. Its balance of commercial importance and residential tranquillity makes it a valuable choice for affordable living in Hyderabad. Key social amenities in Begumpet include:
- Educational institutes: Meridian School, Gowtham Model School, Hyderabad Public School, St Joseph’s High School, BSD DAV Public School, St. Francis College For Women, and S.V. College.
- Hospitals: KIMS Hospital, VINN Multi Speciality Hospital, Vivekananda Multi Speciality Hospital, and Yashoda Hospitals.
- Malls: Central Mall, Babukhan Mall, Oasis Centre, and L&T Metro Mall.
| Rental rates in Begumpet | ||
| Flat type | Price range | Average Rent |
| 1 BHK | Rs 10,500 – Rs 12,000 | Rs 11,250 |
| 2 BHK | Rs 25,000 – Rs 27,500 | Rs 26,000 |
| 3 BHK | Rs 35,000 – Rs 45,000 | Rs 40,000 |
Source: Housing.com
5. Manikonda
Located near Hyderabad’s major commercial hubs, Manikonda is known for its prominent Lanco Hills Tech Park. This area offers excellent connectivity to the Rajiv Gandhi International Airport and major highways, including NH-4, NH-7, and NH-9. Manikonda is positioned between Telecom Nagar and the Outer Ring Road, making it an ideal residential option for professionals working in and around the city. The Lanco Hills Tech Park, supported by the Telangana Government, spans 7.85 million sqft and includes both SEZ and non-SEZ zones. Additionally, the locality benefits from a signal-free road to the International Airport, further enhancing its accessibility. Manikonda has seen significant development in social infrastructure, making it a prime area for affordable rentals. Key social amenities in Manikonda include:
- Educational Institutes: Sri Gayatri e-Techno Schools, SR Digi School, Mount Litera Zee School, Sri Chaitanya Junior College and Sadhana Junior College
- Hospitals: Uneeds Hospital, Aditya Hospital and Avasa Multispeciality Hospitals
- Malls: Panchavati Park and Lalit Mall
| Rental rates in Manikonda | ||
| Flat type | Price range | Average Rent |
| 2 BHK | Rs 15,000- Rs 40,000 | Rs 27,500 |
| 3 BHK | Rs 55,000- Rs 60,000 | Rs 57,500 |
Source: Housing.com
6. Ameerpet
Situated in the North-West of Hyderabad, Ameerpet is an excellent choice for college students and young professionals looking for affordable living while staying well-connected to key areas like Begumpet and Banjara Hills. Known as Hyderabad’s educational hub, Ameerpet is filled with numerous software training institutes, making it a popular destination for IT professionals. Many choose shared flat accommodations to save on costs. The area’s bustling commercial and educational atmosphere is balanced by its wide range of budget-friendly housing options. Here are the key social amenities in Ameerpet:
- Educational institutes: Harshini College, Niraj Public School, Gowtham Model School, Mount Banyan Global, D S Ram Reddy College and Priyadarshini Degree College
- Hospitals: Wellness Hospital, Aster Prime Hospital, Apollo Spectra Hospitals and Challa Multi-Specialty Hospital
- Malls: KLM Fashion Mall, The Chennai Shopping Mall and South India Shopping Mall
| Rental rates in Ameerpet | ||
| Flat type | Price range | Average Rent |
| 1 BHK | Rs 10,000-Rs 15,000 | Rs 12,500 |
| 2 BHK | Rs 20,000- Rs 25,000 | Rs 22,500 |
| 3 BHK | Rs 50,000- Rs 2 lakh | Rs 1.23 lakh |
Source: Housing.com
7. Madhapur
Madhapur is one of the most affordable localities to live in Hyderabad, offering excellent infrastructure and various amenities at reasonable property prices. For families seeking rental options, Madhapur presents a perfect choice with its proximity to numerous software companies, making it a preferred area for working professionals. The locality strikes a balance between affordability and convenience, ensuring a comfortable lifestyle. Some of the key social amenities in Madhapur include:
- Educational institutes: Urbane Junior College, Manthan International School, National Institute of Fashion Technology, Venkateshwara Arts and Pharmacy College and GCR International School
- Hospitals: Hedge Hospital, Oakridge Hospitals, Vikram Hospital and Medicover Hospitals
- Malls: Best Fashion Outlet Mall, Inorbit Mall, TOD and NEXT Galleria.
| Rental rates in Madhapur | ||
| Flat type | Price range | Average Rent |
| 1 BHK | Rs 15,000- Rs 30,000 | Rs 22,500 |
| 2 BHK | Rs 20,000- Rs 45,000 | Rs 32,500 |
| 3 BHK | Rs 35,000- Rs 80,000 | Rs 57,500 |
Source: Housing.com
8. Kondapur
Kondapur, located in the Ranga Reddy District of Hyderabad, is a popular residential hub nestled between HITECH City and Gachibowli. It offers a wide range of affordable rental options, making it an ideal locality for those working in the Cyberabad IT zone. The presence of major corporate offices, including Google, adds to its appeal. Kondapur is surrounded by residential areas like Kothaguda, Vinayaka Nagar and Shilpa Layout, making it a vibrant and well-connected neighbourhood. The area’s key social amenities include:
- Educational Institutions: Maharshi Vidya Mandir, Mount Carmel International School, St. Ann’s High School, Arbor International School and Chirec International School.
- Hospitals: Civil Hospital, Srinidhi Multi Speciality Hospital, Apollo Clinic and KIMS Hospital
- Shopping malls: Galleria, Atrium, Srinivasa Shopping Mall, NSL Centrum Mall, Sarath City Capital Mall and AMB Mall.
| Rental rates in Kondapur | ||
| Flat type | Price range | Average Rent |
| 1 BHK | Rs 10,000- Rs 25,000 | Rs 17,500 |
| 2 BHK | Rs 15,000- Rs 60,000 | Rs 37,500 |
| 3 BHK | Rs 30,000- Rs 1 lakh | Rs 65,000 |
Source: Housing.com
9. Shamshabad
Shamshabad, located in South Hyderabad, is a highly preferred locality for renting due to its proximity to the Rajiv Gandhi International Airport. The area boasts excellent connectivity with major routes like Srisailam Highway, PVN Expressway, NH-7 and the Outer Ring Road. With Umdanagar Railway Station nearby, commuting is convenient. The presence of prestigious educational institutions such as TATA University and Symbiosis also attracts many young residents. Moreover, the upcoming metro station and IT parks like Nano Tech Park make Shamshabad an attractive location for future investments. Some social amenities in Shamshabad include:
- Educational Institutes: Symbiosis International University, Ravindra Bharathi School, SR Digi School, Blue Bird School, TATA University, Government Junior College and Gowthami Degree College.
- Hospitals: Lims Hospitals, St. Theresa’s Hospital, Trident Superspeciality Hospital, Suraksha Multispeciality Hospital and Shanthi Multispeciality Hospital.
- Malls: Ramaswamy & Sons
| Rental rates in Shamshabad | ||
| Flat type | Price range | Average Rent |
| 1 BHK | Rs 9,500- Rs 13,500 | Rs 11,500 |
| 2 BHK | Rs 11,000 – Rs 15,000 | Rs 13,000 |
| 3 BHK | Rs 22,000- Rs 28,000 | Rs 25,000 |
Source: Housing.com
10. Nallagandla
Nallagandla is a top choice for those seeking affordable housing options with modern amenities nearby. Its strategic location close to IT and financial hubs makes it highly desirable for working professionals and their families. The well-planned infrastructure and availability of essential facilities make Nallagandla an attractive option for comfortable living. Social amenities in Nallagandla include:
- Educational Institutes: Epistemo Vikas Leadership School, Manthan International School and Sadhana Infinity School
- Hospitals: Citizens Speciality Hospital, Pranaam Wellness Center and Sai Balaji Children’s Clinic
- Malls: P.B.N.R PLAZA and Venkata Sai Arcade
| Rental rates in Nallagandla | ||
| Flat type | Price range | Average Rent |
| 2 BHK | Rs 34,000- Rs 40,000 | Rs 37,000 |
| 3 BHK | Rs 40,000- Rs 55,000 | Rs 47,500 |
Source: Housing.com
11. Shamirpet
Shamirpet, located in the northern part of Hyderabad, is an emerging locality recognized for its peaceful atmosphere and budget-friendly housing options, including villas, plots, and apartments. Unlike other areas of Hyderabad, which are dominated by tech firms, Shamirpet is home to pharmaceutical companies like MN Science and Technology Park and AG Research. Key social amenities in Shamirpet include:
Educational Institutes: BITS Pilani Secuderabad, Nalsar University of Law, CSR Business School, and IVY International School
Hospitals: YPS Hospital and Sri Venkatsai Diagnostics Center
Malls: VPT Mart, Govind Shopping Mall, and GNRS Shamirpet Central
| Rental rates in Shamirpet | |
| Flat type | Average Rent |
| 1 BHK | Rs 10,000 |
| 2 BHK | Rs 14,500 |
| 3 BHK | Rs 26,400 |
Source: Housing.com
12. Kukatpally
Kukatpally, located in the northwest of Hyderabad, is a well-established and affordable locality with a strong infrastructure. It is particularly favored by IT professionals due to its proximity to HITEC City and Gachibowli. The area also hosts numerous offices, commercial spaces, and small pharma companies. Neighboring areas include Kothaguda, Nizampet, Jubilee Hills, Chanda Nagar, and Moti Nagar. Kukatpally is characterised by high-rise buildings and PG accommodations, with prominent developers such as Mahindra Lifespace, Incor, Lodha Group, Reliance Builders, Emami Group, and Vertex Homes contributing to its growth. Key social amenities in Kukatpally include:
- Educational Institutes: Holy Mary College, Jawaharlal Nehru Technological University Hyderabad, and Avinash College of Commerce
- Hospitals: Prasad Hospital, Anupama Hospital, OMNI Hospitals, and Remedy Hospitals
- Malls: NSL Centrum Mall, Manjeera Mall, and Forum Sujana Mall
| Rental rates in Kukatpally | ||
| Flat type | Price range | Average Rent |
| 1 BHK | Rs 15,000- Rs 26,000 | Rs 20,166 |
| 2 BHK | Rs 12,000- Rs 30,000 | Rs 21,000 |
| 3 BHK | Rs 30,000- Rs 40,000 | Rs 35,000 |
Source: Housing.com
Advantages of residing in affordable areas of Hyderabad
Here are some key benefits of living in Hyderabad’s budget-friendly localities:
- Cost-effective living: Compared to other metro cities in India, Hyderabad offers more reasonable property rates. You can find villas or duplex homes within an affordable price range, making it a desirable destination for homebuyers.
- Ideal for students: Hyderabad is home to prestigious universities, attracting students from across the globe. Affordable housing options, including rental properties, make it easier for students to settle and pursue their education in the city.
- Enhanced security: To ensure the safety of its residents, Hyderabad has installed CCTV cameras in public spaces. The city’s administration continues to expand this initiative, contributing to a lower crime rate and a sense of security.
- Excellent public transport: The city boasts an advanced transport system, including metro services and an extensive bus network. Affordable localities are well-connected, providing seamless access to other parts of Hyderabad and nearby states without inconvenience.
Rental trends in Hyderabad
Hyderabad’s residential rental market has experienced notable trends in recent years, influenced by factors such as IT sector growth, infrastructure development, and urban expansion. Localities like Kollur and Adibatla have witnessed significant rental appreciation over the past three years. This surge is primarily due to infrastructural developments and their proximity to IT hubs. Areas such as Kukatpally Housing Board (KPHB) Colony, Film Nagar, and the Financial District have reported substantial rental yields. These localities benefit from well-established amenities and connectivity, making them attractive to tenants.Â
Affordable housing remains in demand, with localities like Nagaram and Patancheru Mandal offering properties at competitive rates. These areas provide budget-friendly options without compromising on essential amenities, catering to a broad spectrum of renters. For those seeking independent houses, areas such as Gachibowli, Miyapur, and Madhapur offer a variety of options. These localities provide rental houses catering to diverse preferences and budgets.Â
Overall, Hyderabad’s residential rental market exhibits a dynamic landscape, with emerging areas showing rapid appreciation and established localities offering stable returns. Prospective tenants and investors should consider factors like location, infrastructure, and proximity to employment hubs when making decisions.
Housing.com POV
Hyderabad’s vibrant growth and expanding job market make it an attractive destination for both professionals and students. Finding affordable rental options in this bustling city is crucial for many, and the localities discussed in this article offer excellent value without compromising on essential amenities. From Uppal’s serene atmosphere and well-established infrastructure to Ameerpet’s educational hub, each locality provides unique benefits tailored to different lifestyles and needs. Areas like Miyapur and Manikonda stand out for their affordability coupled with excellent connectivity, while Kondapur and Shamshabad offer proximity to major IT hubs and key amenities. When selecting an affordable locality, consider factors such as proximity to work, availability of social infrastructure, and overall safety. Hyderabad’s diverse neighbourhoods ensure that renters can find suitable options that fit their budget and lifestyle preferences. By choosing one of these top localities, you can enjoy a comfortable and well-connected living experience in this dynamic city.
FAQs
What factors should I consider when choosing an affordable locality in Hyderabad?
When selecting an affordable locality, consider proximity to employment hubs, availability of basic amenities, public transportation options, safety, rental demand, and the type of housing available.
Are there any localities in Hyderabad with good connectivity but lower rental rates?
Yes, localities like Miyapur and Kondapur offer excellent connectivity to major areas and employment hubs while maintaining relatively lower rental rates compared to more central or upscale areas.
Which locality in Hyderabad is best for families seeking affordable housing?
Madhapur and Manikonda are great options for families due to their good infrastructure, proximity to schools and hospitals, and a range of affordable rental options.
How can I find budget-friendly rental options in Hyderabad's IT hubs?
Look for localities slightly away from the core IT hubs, such as Miyapur or Nallagandla. These areas provide affordable housing while still being well-connected to major IT zones.
What amenities should I expect in affordable localities in Hyderabad?
Affordable localities generally offer essential amenities like schools, hospitals, shopping malls, and good public transportation. They may lack luxury features but provide the basics for a comfortable living environment.
| Got any questions or point of view on our article? We would love to hear from you. Write to our Editor-in-Chief Jhumur Ghosh at jhumur.ghosh1@housing.com |
