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Top 15 affordable localities in Hyderabad to rent a house

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:

 

 

 

 

 

 

Top affordable localities to rent a house in Hyderabad

Here is a list of the cheapest localities in Hyderabad for renting a house. 

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:

 

 

 

 

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:

 

 

 

 

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:

 

 

 

 

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:

 

 

 

 

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:

 

 

 

 

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:

 

 

 

 

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:

 

 

 

 

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:

 

 

 

 

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:

 

 

 

 

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:

 

 

 

 

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:

 

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

 

13. Nagole

Nagole, situated in East Hyderabad, is a rapidly growing residential area that benefits from the Hyderabad Metro’s Blue Line extension. The locality offers easy connectivity to Uppal, LB Nagar, and Ameerpet, making it a convenient option for daily commuters. Known for its relatively peaceful environment, Nagole features a mix of independent houses, builder floors, and gated apartments at affordable prices. Its proximity to the Inner Ring Road and NH-163 ensures smooth access to other parts of the city. This locality is increasingly attracting working professionals and families seeking budget-friendly rental homes with good infrastructure. Key social amenities in Nagole include:

Rental rates in Nagole
Flat type Price range Average Rent
1 BHK Rs 8,000 – Rs 12,000 Rs 10,000
2 BHK Rs 13,000 – Rs 18,000 Rs 15,500
3 BHK Rs 20,000 – Rs 26,000 Rs 23,000

Source: Housing.com

 

14. Alwal

Alwal, located in North Hyderabad, is a well-established locality known for its serene environment, wide roads, and greenery. It is popular among government employees and defense personnel, thanks to its proximity to the Secunderabad Cantonment area. The locality is well-connected to Secunderabad, Bolarum, and Sainikpuri and offers affordable housing options, including independent homes and low-rise apartments. With numerous educational institutions and hospitals in the vicinity, Alwal serves as a great choice for families and retirees looking for a peaceful yet connected lifestyle. Key social amenities in Alwal include:

Rental rates in Alwal
Flat type Price range Average Rent
1 BHK Rs 7,000 – Rs 10,000 Rs 8,500
2 BHK Rs 11,000 – Rs 16,000 Rs 13,500
3 BHK Rs 17,000 – Rs 24,000 Rs 20,000

Source: Housing.com

 

15. Chandanagar

Chandanagar, located in the western part of Hyderabad, is a residential suburb known for its affordability and proximity to major IT corridors like Gachibowli and HITEC City. The locality is situated between Miyapur and Lingampally and enjoys good road and rail connectivity. It is served by Chandanagar railway station and well-linked by TSRTC buses. Chandanagar offers a range of rental housing options, from independent houses to gated communities, making it ideal for both families and working professionals. Key social amenities in Chandanagar include:

Rental rates in Chandanagar
Flat type Price range Average Rent
1 BHK Rs 9,000 – Rs 13,000 Rs 11,000
2 BHK Rs 14,000 – Rs 20,000 Rs 17,000
3 BHK Rs 20,000 – Rs 30,000 Rs 25,000

Source: Housing.com

 

Advantages of residing in affordable areas of Hyderabad

Here are some key benefits of living in Hyderabad’s budget-friendly localities:

 

How to pick the best affordable locality in Hyderabad for yourself?

Choosing the right affordable locality in Hyderabad goes beyond just rental prices. It requires a holistic evaluation of your lifestyle needs, work commute, safety, and future plans. Here are key considerations to help you make an informed choice:

 

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. 

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. 

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
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