Bangalore, the Silicon Valley of India, attracts a large number of professionals, students, and entrepreneurs from across the country. Whether you're relocating for a job, studies, or business opportunities, one of the key concerns is the cost of renting accommodation in the city. So, how much does rent in Bangalore cost per month?
Factors Affecting Rent in Bangalore
The rental prices in Bangalore vary based on several factors such as location, property type, amenities, and proximity to key business hubs. Here's a breakdown of rent costs in different parts of the city:
1. Prime Areas (Expensive Localities)
If you prefer staying in prime areas like Koramangala, Indiranagar, or Whitefield, you can expect higher rental costs. A 1BHK apartment in these areas can range from INR 25,000 to INR 50,000 per month, depending on the amenities and furnishing.
2. Mid-Range Areas (Affordable Yet Well-Connected)
Areas like Marathahalli, BTM Layout, and Electronic City offer relatively affordable rent with good connectivity to IT parks and commercial centers. Here, a 1BHK apartment may cost between INR 15,000 to INR 30,000 per month.
3. Budget-Friendly Areas
If you're looking for more budget-friendly options, areas such as Hebbal, Yelahanka, and Bannerghatta Road provide rentals starting from INR 10,000 to INR 20,000 for a 1BHK apartment.
Rent Breakdown by Apartment Type
1BHK Apartment: INR 10,000 to INR 50,000 per month, depending on the locality.
2BHK Apartment: INR 20,000 to INR 70,000 per month.
3BHK Apartment: INR 35,000 to INR 1,20,000 per month.
Additional Expenses to Consider
Apart from rent, tenants should consider additional costs such as:
Maintenance Fees: Ranges from INR 1,000 to INR 5,000 per month.
Utility Bills: Electricity, water, and gas can add INR 2,000 to INR 5,000 monthly.
Security Deposit: Landlords typically ask for 2 to 6 months' rent as a security deposit, but if you use CirclePe you can easily avoid paying upfront security deposits and move in while paying No Security Deposits.
Tips to Save on Rent in Bangalore
Opt for shared accommodation to split costs.
Look for apartments in emerging localities with better affordability.
Negotiate rent and maintenance charges with landlords.
Use CirclePe for Security Deposits.
Conclusion
Bangalore offers a wide range of rental options to suit different budgets and lifestyle preferences. Whether you're looking for a high-end apartment in the city's bustling hubs or an economical stay in the suburbs, planning your budget effectively will help you find the right place without financial strain.
