Everywhere around the globe, Mumbai is among the top places for expensive real estate, ranking higher in cost than both New York and Tokyo. However, finding a budget-friendly home across the entire city is particularly difficult. To address this, we’ve compiled a list of Cheap Rooms in Mumbai for Rent that offer cost-effective housing options without cutting corners on necessary facilities. The neighborhoods on our list are seen as the top picks for middle-class families looking to settle.
Best Affordable Areas in Mumbai
Goregaon
Situated in the westernmost part of the state, Goregaon was once primarily residential. This area has emerged as one of the Affordable Areas in Mumbai for Rent, despite recent increases in property values due to rising demand from developers.
2. Ghatkopar
Comprised of a blend of old and new residential developments, Ghatkopar is widely recognized as the most budget-friendly and least expensive area to live in Mumbai. It boasts affordable rental options and meets basic living requirements, making it an attractive choice for those on a budget. Ghatkopar is also home to popular local attractions.
3. Thane
As a significant district in Mumbai, Thane is known for its well-developed residential neighborhoods that have been undergoing numerous changes, making it one of the city’s Cheap Places in Mumbai to Stay. Its excellent transportation links to the rest of the city contribute to its appeal.
4. Vikhroli
Renowned for its high-quality social infrastructure, including banks, schools, universities, parks, and commercial businesses, Vikhroli is also the city’s Real Estate Sector awardee for the Year. The demand for residential properties has seen a surge due to the availability of these amenities, pushing Vikhroli to the top of the list as an affordable living area in Mumbai.
5. Airoli
Dedicated to both residential and commercial use, Airoli is a popular area among middle-class families, ranking as one of the Cheapest Areas in Mumbai for Rent. Its proximity to Thane makes it an efficient choice for travel between the two areas.
6. Chembur
Chembur is seen as an attractive residential spot in Mumbai, thanks to its excellent transport connections, making it a popular choice for those looking for a budget-friendly living option. The area offers plenty of job opportunities, particularly in its industrial zones, and is home to several notable landmarks in Mumbai.
7. Powai
Powai is renowned among nature enthusiasts for its location along the hills of the Vikhroli Parksite region, which offers stunning views of Powai Lake. Renting properties in Powai makes it an economical choice for those in Mumbai, and the scenery at sunset is breathtaking, with the lake reflecting the surrounding mountains.
8. Borivali
Borivali, known as the northern suburb of Mumbai, boasts a mix of quality infrastructure and commercial areas, all connected effectively, making it an Affordable Area in Mumbai for Rent. It’s a sought-after neighborhood for many.
9. Kandivali
Kandivali is a suburban Mumbai area located close to the western section of the Mumbai Suburban Railway at the Kandivali Station. This proximity to Borivali has made it the city’s most economical place to live, attracting many with its reasonable prices and proximity to essential locations.
10. Navi Mumbai
Navi Mumbai is often the choice for middle-class families looking for an affordable home in the city. It is distinguished by its well-planned layouts and extensive building stocks, offering Cheap Places in Mumbai to Stay.