Hyderabad is one of the oldest cities in India, and its history dates back to the era of the Nizams. However, in recent years, Hyderabad has become one of the major job locations in the country. As a result, many people from different parts of India flock to Hyderabad to earn a living. Hence, renting houses, apartments, and rooms is common among the young population. If you want to find a house for rent in Hyderabad, you have come to the right place.
In this article, you will learn how to find a “house for rent in Hyderabad.” Additionally, this article will provide you with various details regarding cost, rental locations, and other important aspects. Furthermore, you will also learn about other essential factors one needs to consider before renting a location in Hyderabad. Hence, to learn more about rentals in Hyderabad, read on to the end of the article.
House for Rent in Hyderabad: A General Overview
Known as the City of Nawabs, Hyderabad has a rich history of royalty, tourism, and food. The city is located on the banks of the river Musi and is the capital of Telangana. In recent times, the city has become one of the fastest-growing modern cities in India. Furthermore, in the last few years, the city has become a major destination for some of the biggest tech companies in the world, making it one of the biggest IT Hubs.
Since the city is continuously evolving with a vibrant IT landscape and technological innovation, it can be a bit overwhelming to find a house for rent in Hyderabad. Moreover, even if you find one, it might not be a good location, or the house might have problems. Hence, finding a place for rent in Hyderabad can be difficult and tedious.
However, the most obvious thing to do here is to look continuously for the one that suits you best. Still, it is always a great option if you can make your search less difficult and tedious. You can do it by determining your exact needs and demands and planning out how to search for the best rental property in Hyderabad.
In addition to these aspects, one of the major things to think about is the location in which you want to stay. If you are moving to Hyderabad for a job, you will need to stay near your job location. However, if you are moving with your family, you need to choose a place where there is a friendly and lively neighborhood.
What is the Average Cost of Living in Hyderabad?
When you are relocating to a new city, it is always important to consider the cost of living. In Hyderabad, the cost of living is comparatively less than that of other major metropolitan cities like Bengaluru, Pune, Mumbai, New Delhi, etc.
However, different locations in Hyderabad have different rental prices. Furthermore, the rent also depends upon the type of property you are trying to rent. Moreover, it also depends on the type of amenities you want to avail of. Nevertheless, the average rental value in Hyderabad is ₹13,000 per month. Also, you will need to consider the size of the house as well. For example, most rental properties in Hyderabad are 2BHK.
There are costly areas as well as not-so-costly areas. The cost of an area depends upon the popularity, neighborhood, amenities, and access to the area. Some of the costliest areas in Hyderabad include Jubilee Hills, Banjara Hills, Madhapur, etc. Basically, some of the most expensive properties in Hyderabad are located in those areas.
The city of Hyderabad has different zones that help the local government for administrative purposes. Here, the names of the zones are the Central Zone, South Zone, North Zone, and West Zone. The ‘Old City’ is the one that stands on the southern side of the Musi River. On the other hand, the northern side of the river is the ‘New City.’ While the former consists of the historic locations, the latter consists of the urbanized locations.
What are the Best Rental Locations in Hyderabad?
The following are some of the major rental locations in Hyderabad which you can consider if you are trying to rent a house:
1. Banjara Hills
Being a posh locality in Hyderabad, the rents in this place are usually high. Moreover, as an economic hub of the city, Banjara Hills will offer you all the finer things you want in life. Additionally, you will also have access to some of the best restaurants, malls, educational institutions, and more.
2. Jubilee Hills
Jubilee Hills is one of the most expensive places in Hyderabad since a lot of celebrities, politicians, and businesspersons live in this area. As a result, this place is full of amenities and facilities. Thereby, the rents in the area are really high. However, if you can afford it, you should definitely try staying in this location and feel yourself like a celebrity.
3. Gachibowli
Gachibowli is only 5 kilometers from HITEC City and is one of the best locations if you want easy access to office areas. Furthermore, this area is also quite family-friendly. Such factors make this area a popular location for newcomers to the city. Apart from that, you will also have excellent access to business centers, supermarkets, malls, hospitals, parks, and more. Surprisingly, the rent prices are not too high.
4. Begumpet
This place is an affordable option for renting houses and apartments. Also, Begumpet is known for having various government offices and MNCs. Moreover, you will also have quick access to the airport. In addition to that, the excellent residential facilities and nearby popularity make this place one of the most popular areas in Hyderabad. As a result, the rent is a bit higher. But they are surely worth it.
5. Kukatpally
If you want to live close to the HITEC City of Hyderabad, Kukatpally is one of the best places to be. In addition to that, you will also find plenty of 2 BHK and 1 BHK apartments in the area for rent. Some of the major amenities in the area include access to multiple parks, hospitals, schools, malls, markets, and more. As a result, there is a high demand for rental properties in the area.
6. Ameerpet
If you have teenagers and adolescents in your family, then Ameerpet is one of the best places to move in. This is because Ameerpet consists of some of the best academic institutions in the country. Hence, if you are looking for a house for rent in Hyderabad for your young ones, then Ameerpet is the place for you. Also, you will find affordable options when it comes to rent.
7. Uppal Kalan
If your budget is not on the higher side, then Uppal Kalan is a great place to stay in Hyderabad. This place will not burn a hole in your pocket and will give you a variety of affordable houses and apartments for rent. The area is full of 1BHK and 2BHK apartments. Furthermore, you will also have access to metro rail, major office areas, and educational institutions.
8. Madhapur
This is one of the most popular locations among IT professionals, and it is located in the middle of HITEC City. Hence, if you stay in this place, you will have close proximity to the workplace, better connectivity, access to public transport, and more. Also, it is a great place to stay with your family.
9. Somajiguda
If you are looking for a house for rent in Hyderabad in a peaceful area, then Somajiguda is a great option to choose. Once you start staying in this area, you will not feel like you are living in a metropolitan city. Furthermore, there is also the presence of excellent road and rail connectivity with easy access to markets, schools, workplaces, etc.
10. Manikonda
It is also one of the most well-connected areas in Hyderabad, and you will have easy access to IT companies, malls, schools, restaurants, hospitals, and more areas. Apart from that, it is also one of the most aesthetically pleasing areas in Hyderabad. These factors are enough to consider renting a house or an apartment in the area.
Factors to Consider Before Choosing a House for Rent in Hyderabad
The following are some of the major factors you need to consider if you are finding a house for rent in Hyderabad:
- Determine your needs, and then prioritize your location. Depending on your lifestyle and your finances, you can choose your stay.
- Before you choose a place to rent in Hyderabad, make sure you assess all the amenities and furnishings of the apartment.
- Always establish a realistic budget before you choose a rental property to stay in. Furthermore, you will also need to factor in additional costs related to the rent.
- You will also need to evaluate the layout of the property that you choose. It also depends on your privacy level and how you want to stay at your home.
- Always perform a comprehensive background check of the lender if you like a property. This is an important step to take before you want to finalize on the rent.
House for Rent in Hyderabad: What to Expect?
It is always a better option to rent a property rather than buying. This is because buying property will require you to spend a lot of money in a very short span of time. Furthermore, in a metropolitan and historical city like Hyderabad, the cost of homes is quite high.
According to Investopedia, “Renting may be a little easier on the pocketbook because it provides a fixed-dollar cost for monthly expenditures, which are paid along with the rent. Besides potentially increasing from year to year, the rent tends to remain steady. If maintenance issues arise, the landlord pays for the repairs. Instead of spending your money on a new roof, you can invest it or spend it as you like.”
However, if you are struggling to find a house for rent in Hyderabad, a great place to look for is rental websites. Apart from that, you can also consider contacting a broker. A broker can help you to find the best houses in the locality you prefer. Furthermore, a broker can also recommend affordable housing in other localities, which might end up becoming a better option for you.
Wrapping Up
Hope this article was helpful for you to get a better understanding of how to find a house for rent in Hyderabad. However, before you find a house for rent, make sure you are deciding on a location to stay in. To find the right property at the best price, you can consider taking the help of a broker.
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