Property Rent Rates & Price Trends in Lucknow - 2020
One of the most populous cities of the country, real estate in Lucknow has a lot to offer. From affordable housing options to luxury homes, there is a vast choice if you are looking at properties on rent. New initiatives on the part of the government and authorities as well as businesses ensure that there is a constant pool of tenants. Today, even the peripheries are opening up to accommodate the rental housing demand in Lucknow.
If you are looking at rental options across Lucknow, note the following:
Popular configurationIn Lucknow, larger homes, that is 3BHK units are popular even on rent. Out of the 1,325 units on rent in Lucknow, 621 are 3BHK units closely followed by 2BHK units.
Affordable properties on rentIf you are looking at properties within Rs 10,000 per month, there are over 200 across the city in localities like Viraj Khand, Aashiyana, Aliganj, Virat Khand, Gomti Nagar, Kamta, Vrindavan Yojna, IIM Road, Vikrant Khand 2, Husainganj, Indira Nagar etc. These are apartments, independent homes or villas across Lucknow. However, those affordably priced could be small configurations.
On Makaan.com’s livability score, Hazratganj, which is a heritage zone, is ranked 10 on 10. One of Lucknow's oldest and most popular localities, Hazratgunj is known for its quaint bazaars, plush hotels, theatres, shopping complexes and restaurants. Rental range varies between Rs 4,000 to Rs 65,000 per month. At 9.6 out of 10, liveability of Butler Colony is also quite impressive. Butler Colony not only houses some of the city’s best educational institutes and hospitals but also the best of hostels and restaurants. If you are looking at a property on rent in Butler Colony, reserve a budget of Rs 25,000 per month and above. Charbagh has a liveability score of 9.5 out of 10 and will also have a metro connectivity soon. Rents herein is in the similar range as Butler Colony, considering the two localities are quite similar on many parameters.
Luxury homes on rentIn Lucknow, if you are looking at plush abodes, turn to VIP Road, Lalkaun, Gomti Nagar, Patrakar Puram Road, Mahanagar, Vikas Khand where you can find properties in the range of Rs 50,000 per month and above. These may be apartment units, villas or independent homes.
Furnished homes on rentThere are over 200 properties on rent in Lucknow that are fully-furnished. Depending upon the size of the unit, exact location of the house, brand of the developer, quality of construction and furnishing, fittings, monthly rent of such properties may be in the range of Rs 5,000 to Rs 1.30 lakh. Do enquire about security deposit of these homes on rent in Lucknow. You can see the entire list of fully-furnished homes.
Villas on rent in LucknowIf apartment units are not your pick, you could choose from independent homes and villa projects on rent in Lucknow. Currently, there are close to 300 such properties in the rent range of Rs 2,500 to Rs 1.50 lakh per month. Some of the top localities for villas in Lucknow include Lalkuan, Gomti Nagar, Vikas Khand, Mahanagar, Vibhuti Khand etc. Zone-wise popular localities- If you are looking at a property near Alambagh region, Sultanpur, properties near NH-24B, Amar Shaheed Path are the most popular regions on a tenant’s preference meter.
- In Lucknow East Gomti Nagar has maximum properties listed for rent.
- In Lucknow South, Vrindavan Yojna, Sushant Golf City and Aashiyana have maximum properties listed for rent.
- Going for Lucknow Central, Hazratganj, Nishant Ganj and Butler Colony are popular choices.
The annual rental yield in Lucknow is 3.98 per cent. You could recover 3.98 per cent of the property cost in a year if you put the property on rent. This calculation is based on the average rates in the city and is not fixed. This calculation helps a potential landlord to calculate his annual rental yield.
.| Locality Name | Rental Rates | |||||
|---|---|---|---|---|---|---|
| 1 BHk | 2 BHK | 3 BHK | ||||
| Rent range | Avg rent | Rent range | Avg rent | Rent range | Avg rent | |
| Sultanpur Road | - | - | - | - | 17,000 - 18,000 | 17,666.67 |
| Faizabad Road | 12,000 | 12,000 | - | - | 1.2 L | 1,20,000 |
| Gomti Nagar | 5,000 - 11,500 | 7,214.29 | 12,500 - 35,000 | 18,541.67 | 13,000 - 35,000 | 23,636.36 |
| Gomti Nagar Extension | 10,000 | 10,000 | 26,000 | 26,000 | 21,000 - 36,000 | 28,750 |
| Kursi Road | 9,000 | 9,000 | 12,000 - 1 L | 32,400 | 25,000 | 25,000 |
| Vrindavan Yojna | - | - | 10,000 | 10,000 | 15,000 - 20,000 | 17,500 |
| Sushant Golf City | - | - | 15,000 - 27,000 | 18,333.33 | 17,000 - 25,000 | 19,750 |
| Rai Bareilly road | - | - | - | - | - | - |
| SGPGI Raibareli Road | - | - | 12,000 | 12,000 | 15,500 | 15,500 |
| Mohanlalganj | 6,000 - 6,500 | 6,166.67 | - | - | 15,000 - 16,000 | 15,500 |
| Kanpur Lucknow Road | - | - | 8,000 - 9,000 | 8,500 | - | - |
| Sultanpur Lucknow Road | - | - | - | - | - | - |
| Faizabad Lucknow Road | - | - | - | - | - | - |
| Lucknow Kanpur Highway | - | - | - | - | - | - |
| Purvanchal Expressway Under Construction | - | - | - | - | - | - |
| Gosainganj | - | - | - | - | - | - |
| Jankipuram | 6,500 - 8,000 | 7,250 | 7,000 - 18,000 | 10,800 | 10,000 - 30,000 | 19,333.33 |
| amar shaheed path lucknow | - | - | 12,000 - 13,000 | 12,500 | 14,000 | 14,000 |
| Aliganj | 7,500 - 18,000 | 11,000 | 25,000 - 35,000 | 33,76.92 | 15,000 - 16,000 | 15,500 |
| Omaxe City | - | - | 11,000 - 11,400 | 11,200 | 15,000 | 15,000 |
| Indira Nagar | 7,900 - 12,000 | 10,112.5 | 8,500 - 18,000 | 14,88.24 | 8,000 - 35,000 | 20,357.14 |
| New Jail Road | - | - | - | - | - | - |
| sultanpur road near shaheed pa | - | - | - | - | - | - |
| Hazratganj | 3,500 | 3,500 | 13,000 - 28,000 | 19,788.89 | 20,000 | 20,000 |
| Safedabad | - | - | - | - | - | - |
| Uattardhona | - | - | 15,000 - 18,000 | 16,500 | 12,000 - 15,000 | 13,000 |
| Deva Road | - | - | - | - | - | - |
| Madiyava | - | - | - | - | - | - |
| Jankipuram Extension | 5,500 | 5,500 | 12,500 | 12,500 | 17,000 | 17,000 |
| IIM Road | - | - | - | - | - | - |
| Lucknow Faizabad Road | - | - | - | - | 28,000 | 28,000 |
| sushant golf city sultanpur road | - | - | - | - | - | - |
| ahmamau | 7,500 | 7,500 | - | - | - | - |
| Juggaur | - | - | - | - | - | - |
| Gauri Bazar Lucknow | - | - | - | - | - | - |
| Mubarakpur | - | - | 10,000 | 10,000 | - | - |
| gossaiganj sultanpur road | - | - | - | - | - | - |
| Kalli Pashchim | - | - | - | - | - | - |
| Arjunganj | - | - | - | - | - | - |
| Faizabad Deva Bypass Road | - | - | - | - | - | - |
| Malhaur Railway Station Road | - | - | 11,000 | 11,000 | - | - |
| Raebareli Road | - | - | - | - | - | - |
| Amity University Road | - | - | - | - | - | - |
| Gomti Nagar Vistar | - | - | 14,000 | 14,000 | 16,000 | 16,000 |
| Sitapur Road | - | - | - | - | 16,000 - 17,000 | 16,500 |
| Lucknow Sultanpur Road | - | - | - | - | - | - |
| South City | 50,000 | 50,000 | 8,000 | 8,000 | 16,000 | 16,000 |
| Shaheed Path | - | - | - | - | - | - |
| Mohibullapur | - | - | - | - | 16,000 | 16,000 |
| Faizabad Satrikh Road | - | - | - | - | - | - |
| jankipuram vistar | 5,500 - 7,000 | 6,250 | 10,000 | 10,000 | 10,000 | 10,000 |
| IIM Road Lucknow | - | - | - | - | - | - |
| Hardoi Road | - | - | - | - | - | - |
| Bijnaur Road | - | - | 12,000 | 12,000 | - | - |
| Sarojini Nagar | - | - | - | - | - | - |
| Chinhat Satrik Road | - | - | - | - | - | - |
| Sitapur National Highway 24 | - | - | - | - | - | - |
| Itaunja | - | - | - | - | - | - |
| Matiyari | - | - | 5,500 - 15,000 | 10,500 | 10,000 | 10,000 |
| Ashiyana Colony | 10,000 - 12,500 | 11,250 | 10,000 - 16,000 | 12,400 | 10,000 - 35,000 | 19,111.11 |