Affordable localities to rent a property in Coimbatore

Coimbatore is among the top tier-2 cities in India, which has become a preferred real estate destination. Besides its well-established industrial base, the city has seen growth in its IT sector with the emergence of technology parks. Moreover, Coimbatore is also a favourable retirement destination for many people. Hence, the demand for residential properties, including rented properties, has increased. The rental rates vary based on factors such as location, connectivity, upcoming infrastructure projects, amenities, etc. In this guide, we list the top affordable localities in Coimbatore for rent.

Rental market trends in Coimbatore

The residential rental market in Coimbatore has seen significant growth in recent years owing to its rapidly growing IT sector and industries. Major IT hubs like Peelamedu and Trichy Road and localities close to educational institutions like PSG Tech, Coimbatore Institute of Technology, etc., witness a steady demand for rented properties from students and working professionals. The rental rates have seen a 7.5% YoY growth. The average monthly rent in the city is Rs 25,000 to Rs 30,000.

Key drivers of the residential rental market in Coimbatore

• Thriving industrial hubs: Coimbatore is known for its well-established industries, especially in textiles and engineering. Warehousing and logistics hubs have also developed, impacting the real estate market.
• Fast-developing IT sector: Several IT and ITES companies have come up in the city, which has created job opportunities. The demand for rented homes has increased owing to the influx of working professionals.
• Upcoming infrastructure projects: Coimbatore is well-connected to neighbouring cities through arterial roads, such as Avinashi Road, Palakkad Road, national highways and state highways and bypasses, such as Coimbatore Eastern Bypass. Moreover, upcoming projects such as the Coimbatore Metro have led to real estate growth in the city, creating investment opportunities.

Affordable localities to rent a property in Coimbatore

#1. Vadavalli

Vadavalli is a fast-developing locality in Coimbatore, which enjoys excellent road connectivity via State Highway 167 and Thondamuthur Road. The area has easy access to the Coimbatore Junction Railway Station and the Coimbatore International Airport. There are plenty of social infrastructural facilities, including schools, hospitals, supermarkets, etc. Employment hubs, including IT parks, are in the vicinity, which attracts many working professionals.

Rental options: Apartments of 2, 3 and 4BHK sizes, luxury villas in gated housing projects and independent houses are available for rent.

#2. Singanallur

Singanallur is a premium locality in Coimbatore, which is 7 km distance from the Coimbatore International Airport. Moreover, arterial roads such as Trichy Road (NH-181), Kamarajar Road and Vellalore Road connect the locality to other parts of the city. Well-developed social infrastructure and public transport facilities are available here. Employment hubs such as TIDEL Park and ELCOT IT Park are within 5 km of the locality.

Rental options: Apartments of 2 and 3BHK sizes are available for rent in the range of Rs 15,000 to Rs 20,000.

#3. Ganapathy

Ganapathy is a well-developed locality in northeastern Coimbatore. It is a residential cum commercial neighbourhood with social infrastructural facilities, including schools, healthcare facilities, shopping malls, etc. The Coimbatore International Airport is around 10 km from Ganapathy. Employment hubs, including IT parks and industrial areas, are located in the vicinity.

Rental options: Apartments and independent builder floors of 2 and 3BHK sizes are available for rent in the range of Rs 10,000 to Rs 30,000.

#4. Pattanam

Pattanam is a prominent residential locality in Coimbatore, around 6 km from Singanallur and Irugur. There are plenty of social infrastructural facilities such as schools, hospitals, shopping malls, etc.

Rental options: Apartments of 1 and 2BHK configurations are available in the range of Rs 7,000 to Rs 20,000.

#5. RS Puram

RS Puram or Rathina Sabapathi Puram is a residential locality and a popular shopping hub in Coimbatore. The area is known for educational institutions, sporting facilities, tourist spots, restaurants, cultural centres, multi-national commercial establishments and important government offices. RS Puram is near the Coimbatore North Junction Railway station, while the international airport is 12.5 km from here.

Rental options: Independent builder floors, 1 and 2BHK apartments are available in the range of Rs 15,000 to Rs 20,000.

#6. Peelamedu

Peelamedu is a residential and commercial locality in eastern Coimbatore. There are IT/ITES, tech parks and industrial hubs such as Tidal Park and ELCOT SEZ in the vicinity. Public transportation and social infrastructural facilities are available, including hospitals, schools, malls, etc. The area also has a proposed metro station under the Coimbatore Metro network. Moreover, the Coimbatore International Airport is around 4.5 km, which makes it convenient for frequent travellers.

Rental options: Rented properties in the area include 1, 2 and 3BHK apartments in the range of Rs 15,000 to Rs 30,000.

#7. Kalapatti

Kalapatti is a fast-developing residential cum industrial locality in northeastern Coimbatore. The international airport is around 5.7 km from the area. It has good connectivity to major roads such as NH 47, NH 209 and SH 678. There are plenty of social amenities, including schools, hospitals, malls, etc. Tech parks and industries are located in the vicinity.

Rental options: Rented properties in the area include independent builder floors and 1 and 2 BHK in the range of Rs 12,000 to Rs 25,00 0 and luxury 3BHK villas and apartments in the range of Rs 30,000 to Rs 40,000.

#8. Thudiyalur

Thudiyalur is a bustling neighbourhood in Coimbatore known for its industries and IT parks. The Coimbatore International Airport is around 19 km from the area. Arterial roads such as NH181 are linked to the locality and good public transportation is available. Social amenities include schools, hospitals, shopping hubs, etc.

Rental options: Independent builder floors, 2 and 3BHK apartments in the range of Rs 15,000 to Rs 25,000 are available for rent.

#9. Irugur

Irugur is a prime locality in Coimbatore, located near areas such as Singanallur, Pattanam and Neelambur. Social infrastructure is well-developed in the region, which includes schools, medical facilities and shopping hubs. The Coimbatore International Airport is around 11.1 km from the area, which is convenient for frequent travellers.

Rental options: Independent houses and apartments of 2 and 3BHK sizes in gated projects are available for a monthly rent of Rs 10,000 to Rs 20,000. s

#10. Ramanathapuram

Ramanathapuram is a bustling residential locality in southern Coimbatore with excellent connectivity via arterial roads like State Highway 978 and Trichy Road. The Coimbatore International Airport is around 26 km from the locality. Employment hubs such as KCT Tech Park and Target Tech Park are nearby, making this a suitable locality for working professionals. Social infrastructure is well-developed and includes schools, multi-speciality hospitals, malls, etc.

Rental options: Independent builder floors of 1 and 2BHK sizes and apartments of 2, 3 and 4BHK sizes are available for monthly rentals of Rs 10,000 to Rs 50,000.

Housing.com News Viewpoint

When renting a property in Coimbatore, prospective tenants must consider several factors, such as the rental rates in a locality, budget preference, proximity to offices or colleges, social amenities, etc. They must assess their needs when finalising a location.

Consider type of accommodation: The type of rented accommodation is another key factor for renters. Typically, families look for 2 or 3BHK homes while single individuals or students look for 1BHK flats, studio apartments or shared accommodation for renting.

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