Top 5 Affordable Localities for Renting Homes in Hyderabad
Hyderabad has become one of the most attractive rental markets in India. Rents have gone up by almost 10 to 15 percent in 2025, especially in the western IT corridors. Even then, the city still has pockets where families and professionals can find budget-friendly homes. A 2 BHK in affordable belts costs ₹15,000 to ₹25,000, while a 3 BHK is usually between ₹22,000 and ₹45,000. Here are the top 5 affordable localities for renting homes in Hyderabad, each with good connectivity and value.
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Miyapur is one of the most affordable and well-connected localities for renting homes in Hyderabad. The area sits at the end of the metro line, giving a 20 to 30 minute commute to HITEC City and Madhapur. Because of this, tenants save both time and money on transport.
A two-bedroom flat in Miyapur rents for ₹18,000 to ₹28,000, while a three-bedroom costs ₹25,000 to ₹38,000. Families also prefer this zone because schools like Vignan and Silver Oaks are close by. With metro access and plenty of grocery and shopping options, Miyapur is a value-for-money choice for tenants.
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Bachupally is a family-friendly locality for renting homes in Hyderabad, known for bigger apartments and reputed schools. The area has many affordable gated communities, which give residents space and safety at a lower rent than core IT hubs.
A two-bedroom home here is available for ₹15,000 to ₹22,000, and three-bedroom flats are ₹22,000 to ₹32,000. Top international schools in and around the locality make it especially attractive for families with children. For those willing to trade a slightly longer commute, Bachupally offers large homes at competitive rents.
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Chandanagar is one of the most balanced localities for renting homes in Hyderabad, offering both connectivity and affordability. Located between Lingampally and Miyapur, it has easy access to the IT corridor by road and rail. The drive to HITEC City usually takes only 15 to 20 minutes.
Rental prices are reasonable, with 2 BHK flats between ₹18,000 and ₹25,000 and 3 BHK homes between ₹25,000 and ₹35,000. Supermarkets, hospitals, and small malls are nearby, giving tenants daily convenience. Chandanagar works well for people who want mid-range rents without sacrificing commute time.
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Kompally is a calm and spacious locality for renting homes in Hyderabad, located on the northern side of the city. It has grown popular among families looking for larger houses and quieter surroundings.
Here, a 2 BHK rents for ₹15,000 to ₹20,000, while a 3 BHK is usually ₹22,000 to ₹30,000. Schools like Pearson and St. Martin’s, along with malls and restaurants, make it self-sufficient. While the drive to HITEC or Gachibowli is longer, Kompally offers some of the best value in terms of space and rent.
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LB Nagar is one of the most affordable localities for renting homes in Hyderabad, especially for tenants working in the eastern and central parts of the city. The area benefits from both metro connectivity and the Outer Ring Road, making travel across the city easier.
A 2 BHK here costs between ₹15,000 and ₹22,000, while a 3 BHK is ₹22,000 to ₹32,000. The locality has older but budget-friendly apartment complexes, attracting tenants who prioritise savings. Commutes to the IT corridor can take 40 to 50 minutes, but LB Nagar remains one of the cheapest metro-linked rental zones in Hyderabad.
For tenants in Hyderabad, the choice often comes down to rent versus commute. Miyapur and Chandanagar are popular with professionals for their metro access and balanced prices. Bachupally and Kompally are family favourites, with schools and larger apartments at affordable rents. LB Nagar suits those who want the lowest rents with decent metro access. Together, these five localities prove that even in 2025, Hyderabad still has budget options for renters.
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