Bangalore being the IT hub, the metropolitan is now getting a lot of millennials migrating to the city. The place is not only a destination because of work opportunities but also because of the city's rich culture and social lifestyle. Many people are looking for a house for rent in Whitefield, Jayanagar, Koramangala, and other top localities. The city's cost of living is high, making individuals look for "1BHK near me" or studio apartments in cheaper localities in Bangalore.
Many factors apart from the rent can affect the cost of living in a locality in the city. Besides being the thriving tech industry hub, Bangalore is a place for creative startups and small business budding. Hence, individuals wish to shift to the city to improve their quality of life. Some millennials and families with a tight budget wish to live in a more affordable area and eventually shift into top rental localities like Whitefield.
5 Affordable Rental Localities in Bangalore:
Many factors affect the affordability factor of any rental locality in the city. Individuals looking for "1BHK near me" when they first move into Bangalore initially look for an area that will give them all the amenities and have reasonable rental value. The following is a list of 5 affordable localities in 2023:
Sarjapur: This locality is the most sought-after area in Bangalore, with its good connectivity with the IT and Business Hub like Whitefield, External Bypass, Electronic City, and other prime localities in Bangalore. When people look for a house for rent in Whitefield, the next best option is Sarjapur. The locality has many theatres, shopping complexes, educational institutions like St. Jerome's PU & Degree College, supermarkets, and hospitals like Columbia Asia. The rent in this area starts from INR 9,500/- while the capital value per sq. ft. in Sarjapur is around INR 3,000-4,000.
Chandapura: This suburb locality in Bangalore is closer to the NH-7 metro station, Airport, and railway station. The area is 8km from Electronic City, another top IT sector in Bangalore. Reputed builders mark the locality and have seen significant development in the real estate market. There are many independent villas and other 1BHK rental homes. The area is near Ayu Hospital and Sparsh Hospital, Swamy Vivekananda School ICSE, Lorven Public School, Reliance Mart, and Metro Mall. The 1BHK rent in the locality starts from INR 8,000/-
Malleshwaram: This is one of the most beautiful localities while falling under the most affordable rental localities category. The rent starts from INR 7,200/- for a 1BHK. The locality is rich in culture and heritage, with many restaurants, cafes, and parks. Manipal Hospital, Mantri Square Mall, Kendriya Vidyalaya, and Brigade School. It is well-connected to Rajajinagar, Sheshadripuram, and the Majestic Bus Station.
BTM Layout: The locality, also called Basaveshwara Nagar, is a well-known residential locality in Bangalore. It is near office spaces like Kalyani Magnum IT Park, AMR Tech Park, Vega City Mall, Life Care Hospital, Kidzee School, and IQRA International School. The 1BHK rent starts anywhere between INR 10,000/- to INR 12,000/-. The locality also connects to other parts of town via Outer Ring Road. The Bangalore City Railway Station is 12km away, while the green-line metro is 3.8km away (15 mins ride).
Hebbal: This is a popular locality in Northern Bangalore, well-connected to the city via Hebbal flyover, Bellary Road and Outer Ring Road. The neighbourhood has a well-developed infrastructure. The locality has many high-rise apartments with rental values starting from INR 9,500/-. Essential amenities include Columbia Asia Hospital, Hebbal Lake Park, IIBS College, City Central Mall, and cinema halls. The railway station is 10.6km away.