Hiring Flats for Rent in Hyderabad Real Estate: How Much to Pay for a 2 BHK?

Andhra Pradesh's biggest part of GDP comes from Hyderabad, a city that ranks fifth in terms of its national contribution. City's realty market too has progressed well with a steady demand coming from both buyers and tenants. The city is frequented by a large number of expatriates, thanks to its well-established IT sector and excellent physical infrastructure. But as far as rental prices are concerned, the rates are lower if compared to other tier-1 cities of India. Let's see how the rental rates fare in Hyderabad across its different localities.

Consider flats for rent in Hyderabad, at Appaguda, Dammaiguda, Shannerpet, and Kothapet. The average rent in these areas for a 2 BHK ranges between 3k and 6k. Some of the other affordable regions in the city are A. S. Rao Nagar, Bularam, and Dilsukhnagar. We are talking about the stating prices here, The upper limit can reach up to 10-15k/month. At Miyapur, Nallakunta, D.D. Colony. Manikonda, Vidya Nagar, BandlaGuda, , Madhapur, Kukatpally, and Himayath Nagar, the rental range lies between 7-10k. These are, again, the starting rates.

Let’s us consider real estate Hyderabad in areas like Kondapur, D.D. Colony, Basheer Bagh, Nizampet, Tolichowki, Kamalapuri, Balanagar, a two-room rental house can cost a tenant anywhere between 11-15k, and even above. Jubilee Hills and Uppal Mandal have hefty rental rates: between 20k and 25k. At Bowanpally, the highest value can reach up to 35k, depending upon the exact location of the chosen property.

The deposit paid at the time of possession too varies from place to place. Generally, it is lower than in other metros. At Kondapur, the deposit can vary anywhere between 45k and 85k, while at Dilsukhnagar, it is around 6-7k only. Within the same locality, the deposit sum can vary widely. For example, at Bowanpally, the annual deposit can be 14k for a monthly rental of 7k, and around 2 lacs for a 35k property. At IT-driven colonies, it is generally higher than other lesser developed areas.