📲
Best Localities To Rent A Home In Bengaluru

Best Localities To Rent A Home In Bengaluru

Best Localities To Rent A Home In Bengaluru
(Shutterstock)

Silicon Valley of the east, Bengaluru, is the land of professional opportunities. Consequently, the demand for rental housing in the city seems to be never-ending. This demand is also the reason why tenants have to pay a premium to rent a unit in Bengaluru ─ average monthly rent in the city is Rs 27,713.

In this article, we list localities where demand for rental housing is the highest.

Whitefield: One of the major suburbs of Bengaluru, Whitefield is a choice for those planning to rent premium properties lying in proximity to IT parks. The locality is home to a large number of working population looking for an average of a 2BHK home.

Currently, there are over 60 apartments are available for rent in Whitefield, with 50 of them being in the 1BHK and 2BHK category. The average monthly rent for an apartment in Whitefield is over Rs 23,500.

Horamavu: Horamavu is a residential locality surrounded by some of the key commercial areas, including KR Puram, Banaswadi, Ramamurthy Nagar, Hebbal and Kalyan Nagar. Connectivity with the Outer Ring Road and MG Road makes Horamavu a destination of choice for those working in the nearby commercial areas.

Currently, the locality has over 400 apartments in configurations, including 1BHK, 2BHK, 3BHK and 3+BHK. You will have to pay an average of Rs 11,400 as rent for an apartment in Horamavu.

Mahadevapura: With over 380 apartments available for rent, Mahadevapura is an emerging real estate hotspot in Bengaluru. Connected through the Metro network and the Outer Ring Road, Mahadevapura can be an ideal pick for those working in the many IT companies located in proximity, including the ones operating in the International Tech Park. Average rent for a month in this locality is Rs 19,000.

Yelahanka: At Rs 28,500 average monthly rent, Yelahanka is a locality for those looking to rent premium properties. The locality that has over 145 apartments up for rent, a total of 140 are in 2BHK and 3BHK configuration. Known to be a self-sufficient township, Yelahanka has over the years developed from a satellite town to a well-developed locality with growing residential and commercial real estate.

Bellandur: Centrally located, Bellandur is a luxury rental market with an average monthly rental of Rs 46,300. Bellandur lies in proximity to almost all the popular localities in Bengaluru, including Whitefield, Electronic City and ITPL. Bellandur has everything ranging from malls to IT parks and restaurants to premium schools. One could rent from over 100 listed apartments.

Let us look at the areas where the concentration of rental stock is the highest according to listing available on Makaan.com.

Rajarajesgwari Nagar: The Rajarajeshwari Temple is not the only defining feature of this locality that is equally popular among the old and new residents of India's Silicon Valley. The arrival of technology parks in its vicinity have made this locality, which has a liveability score of 8.3, quite popular among the IT workforce looking for rented homes. In case you are one of those, you would not have to suffer any lack of choice as this happens to be the area from where the highest number of rented properties is listed on Makaan.com. While average monthly rent in the area currently stands at Rs 16,600, you could find a rented home for yourself for as less as Rs 6,000 a month. Easily available configurations of units are 2BHK and 3BHK units. Depending on the construction quality and the exact location, a 2BHK unit may cost you a monthly rent of between Rs 6,500 and Rs 25,000 a month. A 3BHK unit, on the other hand, can be rented for Rs 14,000-30,000 per month.

Nagarbhavi: Primarily a residential area in west, Nagarbhavi is strategically located between the Mysore road and the Magadi Road. Owing to this connectivity factor the locality is beginning to enjoy the attention of investors, hence the easy availability of rental stock. When compared to Rajarajeshwari Nagar, renting a home in this locality, which has a liveability score of 8.2, is more affordable. While average monthly rent in this locality is Rs 13,000 per month, you could find a 2BHK accommodation for yourself in the range of Rs 12,000 to 16,000 a month. For a 3BHK configuration, rents may go up to Rs 16,000 per month.

Electronic City-Phase-2: Owing to ongoing development work, Electronic City Phase-2 has yet to gain the popularity its first sibling seems to be enjoying. However, this is also the reason why buying and renting in this locality is comparatively cheaper—average monthly rent in this area is Rs 13,400 as compared to the monthly average of Rs 16, 200 at Electronic City-Phase-1. Additionally, there is no lack of choices to pick from. You could pick from all different configurations — a 1BHK, a 2BHK or a 3BHK—according to your requirements. While monthly rent of a 1BHK accommodation could be as low as Rs 6,500, prices may go up to Rs 30,000 per month for a 3BHK unit. In case you are looking for a 2BHK, you can afford it for as less as Rs 6,000 monthly. However, if you want to go big, rents may go as high as Rs 70,000 per month.

Do note here that in all the above-mentioned localities average rentals are lower than the city average —average monthly rent in Bengaluru is Rs 28,200.

Now, let us look at other top localities which offer you easy availability of rental stock:

Locality

Liveability Score ( on a scale of 10)

Avg Rent (INR)

JP Nagar-Phase-7                               

8.5

23,200

Hoysala Nagar

NA

20,800

Horamavu

8.8

14,200

Electronic City Phase 1

7.8

16,200

Jigani

6.8

16,000

Bommanahalli

8.8

15,300

Whitefield Hope Farm Junction

8.3

51,500

Source: Makaan.com 

With additional inputs from Gunjan Piplani

Last Updated: Wed Sep 18 2019

Similar articles

@@Wed May 13 2020 19:59:51