The Pearl City- Hyderabad is one of the most demanding property markets of India due to ample job opportunities and upcoming Hyderabad Metro Line and other infrastructure developments. This historically and culturally famous city boasts several numbers of offices, reputed IT Parks & multinational companies and Special Economic Zones. Its pleasant weather, quality of living and low crime rate have allured people to settle over here. Owing to a large influx of young population in the city for job or study purposes, there is a steady demand for rental houses, apartments/flats in Hyderabad. Affordable living, seamless connectivity and massive infrastructure facilities ensure the people living here a comfortable and peaceful life.

If you are one of those people who are looking for affordable apartments/flats for rent in Hyderabad, here are the top 5 locations that you can consider.

Ameerpet

Located to the north-west of Hyderabad bordering Sardar Patel Road and NH 65, Ameerpet is a popular residential as well as a commercial suburb with the livability score of 10. It’s greatly connected to different parts of the city through extensive road and rail transportation networks. Ameerpet metro station is the prime interchange station that links the Red Line and Blue Line of Hyderabad Metro. This region has many good schools, colleges, hospitals, banks, shopping complexes, restaurants, and other recreational facilities for a convenient stay.

Multifarious residential apartments/flats are available in Ameerpet among which 2 & 3 BHK flats are the most preferred type for rental purposes. The average rental costs of 2 & 3 BHK apartments/flats in Ameerpet is around Rs.20500 approximately.

Madhapur

Considered the nucleus of Information Technology activity, Madhapur is the most sought-after residential area of Hyderabad. The popular IT Hub- HITECH City is situated in the heart of this suburb and it hosts the most IT/ITES establishments in Hyderabad. It is situated in close proximity to other major areas such as Banjara Hills, Jubilee Hills and Gachibowli. The suburb provides excellent connectivity while having great physical and social infrastructure. The recently established Hyderabad Metro elevated the realty market of Madhapur and there is a rising demand for rental houses, apartments/flats in here.

The rental cost is affordable in Madhapur and multi-story 2 & 3 BHK apartments/flats are mostly preferred for rent. While the costs of 2 BHK apartments for rent start from Rs.17000, the 3 BHK apartments cost from Rs.21000.

Gachibowli

About 5 km away from HITEC City, Gachibowli is another IT hotspot that receives good rental demand from working professionals. Its proximity to Hyderabad University and prime commercial hubs attract more numbers of people for residence. The locality is well-connected to other regions of the city and has adequate infrastructure facilities for residents to lead a calm and comfortable life.

Gachibowli’s rental market is growing rapidly with the upcoming Hyderabad Metro Line V that will directly link the locality to Rajiv Gandhi International Airport.

Larger residential units are most popular here at reasonable costs. 2 & 3 BHK high-rise flats are the most desired property type for rent in Gachibowli. The average rental cost of 2 & 3 BHK apartment in Gachibowli is around Rs.56000 per month approximately.

Begumpet

A part of Secunderabad, Begumpet is a well-established residential cum commercial suburb in Hyderabad. Its strategic location and Begumpet Airport influences this region’s growth and development. This region provides smooth connectivity through frequent buses, taxis, and other transportation networks. The presence of distinguished educational institutions like Rajiv Gandhi Aviation Academy, AP Aviation Academy, reputed health care centers and other recreational facilities are found in this locale.

Various types of residential units are available for rent in Begumpet within your budget price. 1 & 2 BHK apartments/flats are most sought-after for rent and cost from Rs.12000 onwards approximately.

Kukatpally

Kukatpally is a rapidly emerging Industrial Hub in the north-western part of Hyderabad. Its close proximity to HITECH City and the presence of Mumbai National Highway has led to a large scale boom in real estate activity in Kukatpally. It is a growing residential hub with a huge demand for rental houses, apartments/flats from IT professionals working in the nearby IT hubs. Provides easy access to major IT hubs and other places in the city through frequent buses and trains. All the necessary social amenities are located conveniently in and around this suburb.

With a wide range of property options available for rent in Kukatpally, the rental price is much more reasonable and affordable costing from Rs.8500 for a 2 BHK apartment/flat and Rs.14000 for a 3 BHK flat in here.

If you are seeking an apartment/flat for rent in Hyderabad, check out these top 5 locations through Sulekha.