May 26, 2022

Student Guide to Rental in Mumbai

When you’re planning to move to Mumbai, finding a good rental home is tricky. Kinda like playing a new video game in super hard mode. But what else can you expect? With so many top colleges in the city, you’d always find someone already in the queue to get the rental house you worked so hard to find. But don’t you worry, we’re here to guide you through everything and anything about renting in Mumbai.

And yup, we know all about it. Because making second homes for young migrants like you is kind of our full-time job at our Stanza Living managed apartments. It’s also why we make your rental life super easy by covering all your household chores (like preparing meals, cleaning your rooms, and taking out your laundry) and providing you the ability to do all your house-renting formalities (like paying rent) via our resident app. And we want to make your life easier even before you’ve made the move to the city of dreams. With our co-living and apartments guide for students looking to rent homes in Mumbai. With this covered, you skip past that competition. If finding a good rental apartment is a hard video game, then these are the cheat codes.

Things I Should Consider to Make Life Easier While Living in a Rental

Here you go! These are the things you need to figure out before you start to rent in Mumbai:

Looking for a place that covers all your household chores? Just check out our residences in Mumbai.

Locality

Choosing a neighborhood is the most important thing to do before you look for an apartment. It’ll dictate the rent you pay every month, the total commuting costs it takes to travel to your office, and literally every other thing. Also, it’s not necessary that you’ll find the place that you imagined in the locality you choose. So make sure you shortlist 2-3 areas at least. Or if you’re a billionaire, just straight up go for a house in Malabar Hill. But then again, if you were one, you wouldn’t be reading this page, would you?

Here are some areas you can consider staying in the city:

  • Students preparing for competitive exams: Andheri West, Andheri East, Borivalli
  • College students: Bandra West, Vile Parle, Kharghar
  • Students with part-time jobs: Powai, Andheri, Bandra

Type of Accommodation

If you’ve cemented your decision to move into Mumbai, then good. But you also have to decide how you’d want to live in the city. You can either go for an independent apartment or managed accommodation like co-living spaces and flats. And while you make those crucial decisions, these are things to ask yourself. One is whether the option you choose will fit your budget. And second, whether you’d like to live with roomies.

If you ask for suggestions, we’d recommend going for a co-living space. Because all your household chores will be covered and you can chill as hard as that guy who spends more time in the college canteen than in classes.

Furniture

Long gone are the days when you had to run around your new neighborhood looking for furniture. And so are the days when you’d have to commit and purchase new ones. So we suggest you look for the top online furniture rentals or buy old items from acquaintances and online marketplaces. Now, some of you might interpret ‘old’ as ‘battered’. But think about it. Nobody takes care of valuables as this country does. Like we don’t even remove the plastic cover from the TV remote until it becomes completely covered with dirt.

Internet and Electricity

No matter which area you pick, the internet packages are the same throughout the city. But when it comes to electricity, there are three different providers, TATA, Adani and Maharashtrian board, in Mumbai. Depending on the provider, energy consumption is charged differently. So you can check the latest tariff rates for each. And sorry, you won’t get any special subsidies even if you peddle inspiring stories about Ratan Tata on LinkedIn.

Food

Let’s face it, your monthly food expense is the biggest cash burner after your rental apartment. So you have to be smart about managing your daily meals. If you choose to cook your meals, then opt for online grocery apps or make late-night visits to the vegetable market to get more discounts. But in case you wanna avoid cooking altogether, Mumbai dabbawalas will cover your back. And don’t worry. They’ve never missed delivering a tiffin. In short, they’re as efficient as your mum when it comes to arranging condiments using old bottles in the kitchen.

FAQs on Rental Guide for Students in Mumbai

Which are the things I Should Consider While Living in a Rental in Mumbai?

Things you should consider while living in a rental in Mumbai:

  • Locality
  • Type of accommodation
  • Furniture
  • Internet and Electricity
  • Food

Which are the Best Areas to Rent a House in Mumbai?

Well, these are the best areas to rent a house in Mumbai:

  • Students preparing for competitive exams: Andheri West, Andheri East, Borivalli
  • College students: Bandra West, Vile Parle, Kharghar
  • Students with part-time jobs: Powai, Andheri, Bandra

What is the Average Apartment Rent in Mumbai?

A quick Google search for ‘Mumbai rent room’ will show you a ton of listings. But to help you make your budgets wisely, we’ve listed the average rental rates in Mumbai:

Localities

1 BHK

2 BHK

3 BHK

Goregaon

8k – 10k

23k – 30k

35k – 50k

Thane

10k – 12k

18k – 25k

35k – 65k

Navi Mumbai

5k – 12k

15k – 25k

20k – 30k

Kurla

12k – 20k

18k – 30k

28k – 40k

Sion

13k – 23k

25k – 40k

32k – 55k

Saki Naka

11k – 20k

18k – 32k

30k – 45k

Mulund

15k – 19k

22k – 34k

30k – 48k

Chembur

12k – 18k

21k – 27k

30k – 43k

Dahisar

10k – 15k

15k – 23k

18k – 30k

South Mumbai

30k – 40k

40k – 60k

60k – 1lac+

Andheri West

30k – 45k

40k – 50k

40k – 70k

Bandra West

35k – 43k

38k – 60k

55k – 90k

Jogeshwari (W)

23k – 30k

35k – 50k

40k – 65k

Worli

38k – 60k

55k – 90k

65k – 1lac

Juhu

45k – 55k

55k – 70k

65k – 80k

Dadar

27k – 39k

40k – 60k

50k – 70k

Parel

40k – 70k

60k – 95k

90k – 1lac+

Vile Parle

35k – 45k

50k – 75k

80k – 1lac

Powai

30k – 45k

45k – 60k

65k – 90k

What are the Things I Should Look for in A Rental Listing?

You must check these things whenever you come across a rental listing:

  • Location
  • Rental Policy
  • High-quality Photos
  • Amenities
  • Cost Breakdown

What is A Good Salary to Live in Mumbai?

If you earn upwards of 75K per month, you could live comfortably in Mumbai. But if you manage your finances well, you could probably make it in less than that. So make sure you do your research and make your budgets before you finally move in.

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