Welcome to the dynamic city of Mumbai, where the allure of Bollywood meets the hustle of everyday life. Amidst the towering skyscrapers and vibrant street markets, finding affordable places to live in Mumbai becomes a quest in itself. In this guide, we embark on a journey through the real estate maze of Mumbai, unveiling hidden gems and budget-friendly neighbourhoods that promise both comfort and affordability. Whether you’re a local resident or a newcomer to the city, our exploration will serve as your compass in discovering the ideal, cost-effective living spaces Mumbai has to offer. If you are looking for economical housing in Mumbai, here’s a list of affordable places to live in Mumbai.
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Borivali
Current real estate statistics explicate Borivali, another cheap place to live in Mumbai, continues its designated position as the primarily residential area of Mumbai. It is a perfect location for people working near CST as it takes only 45mins by train. Known as the “suburb of gardens” it scaled as one of the modern attractions in the city. Right from schools, colleges, and hospitals to restaurants, Borivali has it all. The presence of good social infrastructure, business hubs and connectivity are progressing Borivali to become the most affordable location to live in Mumbai. Borivali railway station is one of the important stations as it is the starting point for local and outstation trains. This ensures a less tiring commute for frequent travellers. The area is easily accessible with multiple options such as buses, taxis and auto-rickshaws. It is one of the cheapest areas in Mumbai. Here are some properties for rent in Borivali.
Read: The Complete Guide to Renting a Home in India
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Rent: 1RK 11,000/month
1 BHK 15-20k/month
Necessary Social Amenities in the proximity:
- Educational institutions: Namdar Gopal Krishna Gokhale High School, Don Bosco High School, M.J. Junior College of Science in Borivali West
- Entertainment: Fish Park, Kanhere caves
- Hospitals: Apex Autospecialty hospitals
- Malls: Zone mall
- Parks: Sanjay Gandhi national park, Veer Savarkar Udyan
Kandivali
Formerly known as Khandolee is located in North Mumbai. It is located in suburban Mumbai and is emerging as a rapidly growing locality for new buyers. The railway station is centuries old built-in 1907. It is one of the busiest stations on the western line of the Mumbai suburban railway. Medical facilities for the elderly, local shops for homemakers, and entertainment & relaxation areas for family and friends are readily available in Kandivali. It is well connected with international and domestic airports. Both Airports are approximately 14kms from Kandivali. Mahindra Life spaces has spread its presence in Kandivali, making it an ideal destination for buyers. The Goregaon-Mulund Link Road passes through Kandivali which connects the western suburbs to the central suburbs. Kandivali is one of the cheap places to live in Mumbai. Here Are some properties for rent in Kandivali.
Rent: 1RK 10-15k/month
1 BHK 20-25k/month
Necessary Social Amenities in the proximity:
- Educational institutions: Lady of Remedy High School, St. Joseph’s High School
- Entertainment: Time zone Entertainment Pvt. Ltd., Keddington
- Hospitals: Shatabdi, Aastha
- Malls: Growell’s 101, Xth Central mall
- Parks: Evershine dream park
Malad
One can literally get everything under the sun in Malad. It has got multiple options in terms of food right from street food to posh hotels. Malad majorly attracts the working-class segment since its a hub for MNCs. Malad is regarded as the cheapest residential area to live in Mumbai. Burgeoning demand for household hubs and good accommodations for the upper-class and middle-class population has been soaring.
Malad connects with other major locations by SV Road, Link Road, and NH-8 Ferry. From Malad, one can avail ferry service for Gorai, Manori, and Versova. Moreover, the Chhatrapati Shivaji International Airport is just 12.2 kilometres distant from Malad West.
Malad attracts the working-class segment as it is surrounded by major corporate cores from Goregaon (HSBC Corporate Office, Lotus Corporate Park), Dindoshi (Reliance Energy and R Tech Park) and Andheri (Solitaire Corporate Park, LDS Infotech Pvt Ltd, Boston House). Here are some flats for rent in malad.
Rent: 1RK 10-15k/month
1 BHK 15-20k/month
Necessary Social Amenities in the proximity:
- Educational institutions: Billabong High International School
- Entertainment: Timezone, Somwari Bazar on every Monday near Zakaria Road
- Hospitals: Thunga, Sanjeevani
- Malls: Inorbit mall, Infiniti mall
- Parks: BMC garden, Godzilla, Upper Govind Nagar Park
- Commercial: Call Centres, KPOs and Corporate offices in and around Mindspace
Ghatkopar
If you’re looking for an affordable place to live in Mumbai, Ghatkopar it is! It’s one of the oldest settlements with arguably the cheapest rent in Mumbai. Ghatkopar metro station connects it with the rest of Mumbai making it accessible to and from work. It has excellent social infrastructure including residential, commercial, sports and educational institutions. Ghatkopar railway station is a part of the Central railway line. The Versova-Andheri-Ghatkopar metro line has been initiated by the Mumbai Metro project which will have a double line with a map that will use the usual trains with 12 high stations. Once the project is concluded, the travellers have to spend only 20 minutes which now take about 70 minutes. It is said to be one of the cheapest areas to live in Mumbai. Click here to rent flats in ghatkopar.
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Rent: 1RK 15-20k/month
1 BHK 20-25k/month
Necessary Social Amenities in the proximity:
- Educational institutions: Garodia International Centre
- Entertainment: Kidzania
- Hospitals: Ruby Eyecare
- Malls: R City Mall
- Parks: LBS joggers park
Kurla
It is said to be the heart of Mumbai and is redeveloping at a rapid pace. Kurla has mixed masses from slums to upper-class segments. It is well connected with both the airport and railway station. One can locate various worship places in and around Kurla including Darul Uloom Mehboob-e-Subhani, Sai Baba Temple, Holy Cross Church, Ganpati Mandir, Masjid W Madrasah Markazudawa, Kurla & Holy Cross Catholic Church, and a few more. Click here to rent flat in kurla.
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Rent: 1RK 10-15k/month
1 BHK 20-25k/month
Necessary Social Amenities in the proximity:
- Educational institutions: Kohinoor International School, Don Bosco College
- Entertainment: Still Water Aquatics – Nature Aquarium Gallery
- Hospitals: Khan Bahadur Bhabha Municipal General Hospital, Arpan General Hospital, Fauziya hospital
- Malls: Phoenix market city
- Parks: Sahajeevan park, Match Factory Garden
Vikhroli
Real estate sector title Vikhroli due to high-quality social infrastructures namely banks, schools, colleges, amusement parks, and commercial enterprises. Being easily accessible, it is one of the cheapest areas to live in Mumbai. Vikhroli has excellent connectivity. The central streets that connect to Vikhroli are Lal Bahadur Shastri Road, Agra Road, and Eastern Express Highway. Swimming pools, spas, private theatres, courts, fully equipped gyms, gardens, fine dining restaurants, are leading to a boost in demand for residential projects in Vikhroli. Click here to rent flats in vikhroli
Rent: 1RK 10-15k/month
1 BHK 15-20/month
Necessary Social Amenities in the proximity:
- Educational institutions: St. Joseph’s High School, Asmita Law College
- Entertainment: Vikhroli Social,
- Hospitals: Godrej Memorial hospital, L H Hiranandani hospital
- Parks: Sambhaji park, Gurudev Ravindranath Tagore Udyan
Chembu
Offering great connectivity along with employment, social infrastructure, and industrial centres, it makes Chembur the ideal residential area. Chembur is located 15 km from the airport and 6 km from the nearest railway station. It is considered to be the cheapest residential area to live in Mumbai. One of the significant purposes of people moving into Chembur is its connectivity. It connects Navi Mumbai to Central Mumbai and in addition, the Eastern and Western express highway is a benefit to countless travellers making life a little easier. Chembur boasts of several attractions such as Tata Institute of Social Science, Diamond Garden and the Dr Ambedkar Garden. Chembur is well known for IT and software hub with Petroleum Corporation Limited, Bhabha Atomic Research Centre, Hindustan Petroleum Corporation Limited, The Tata Power Company Limited, and many more. For all the Bollywood fans, RK studios is located in Chembur. Click here to rent flats in chembur.
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Rent: 1RK 10-15k/month
1 BHK 25-30k/month
Necessary Social Amenities in the proximity:
- Educational institutions: St Gregorios High School
- Entertainment: Carnival IMAX Multiplex
- Hospitals: Zen Multi Speciality Hospital, and Apollo Spectra Hospitals
- Malls: KStar Mall, Cubic Mall
- Parks: Ambedkar Garden, Chimni Garden
Airoli
Airoli is a well-known residential and business area in Mumbai, and it is well-connected with Thane via the Kalwa bridge and Mulund by the Mulund-Airoli bridge, making it one of the cheapest places to live in Mumbai. Airoli is a popular residential location for middle-class families and students due to the low cost of renting or purchasing a property. Another advantage of this location is that it is a centre for education and has all of the essentials of contemporary life within walking distance.
Necessary Social Amenities in the proximity:
- Educational institutions: Datta Meghe World Academy, Dayanand Anglo Vedic Public School, Vibgyor High School, etc.
- Entertainment: Thane Creek Flamingo Sanctuary, The Mint Leaf, PubG game place Airoli Sec 5, Chinchawali Garden, etc
- Hospitals: Criticare Hospital, Rainbow multispeciality hospital and trauma centre
- Malls: Oerlikon Trade place Private Limited, Rock Point, etc.
- Parks: NMMC Park, Newa Garden Park, Yashwant Rao Chavan Garden, Rajiv Gandhi Garden, etc
Thane
Thane is one of the city’s burgeoning, well-developed residential regions, with a plethora of well-known schools, shopping malls, hospitals, entertainment venues, and other amenities. Thane is well connected to the rest of the city thanks to local bus, train, and metro services. Thane is known for being the cheapest residential area in Mumbai.
Necessary Social Amenities in the proximity:
- Educational institutions: D.A.V. Public School, Hiranandani Foundation School, Sulochanadevi Singhania School, etc
- Entertainment: Datiwali Lake, Hariyali Lake, Suraj Water Park, etc
- Hospitals: Siddhivinayak Hospital (Multi Speciality), Bethany Hospital, etc.
- Malls: Amrapali Shopping Center, Infinity Shopping Arcade, Korum Mall, etc
- Parks: Community Park, Thane Mahanagar Palika, etc.
Panvel
Due to the existence of many tiny cottage industries, Panvel is one of the most popular and favoured residential locations in Navi Mumbai for the cheapest area in Mumbai for rent. Panvel is also well-connected to the rest of the city via local buses, autorickshaws, and other modes of transportation. This area is on its way to becoming more prosperous in the near future as it is one of the best places to live in Mumbai for middle-class families. Panvel is also a great area to reside for those who enjoy being in the middle of nature, with several vacation exploration opportunities such as Karnala Fort, Adai Waterfalls, Bird Sanctuary, and Camping in Kalavantin Pinnacle.
Necessary Social Amenities in the proximity:
- Educational institutions: Shantiniketan Public School, New Horizon Public School & Penguin Kids, K.E.S. English Medium High School, etc
- Entertainment: Adai Waterfalls, Wonders Park, Karnala Fort, ISKCON Kharghar, etc.
- Hospitals: Panvel Hospital, Paramount Hospital, etc.
- Malls: Orion Mall, Mahalaxmi Mall, Glomax Mall, etc.
- Parks: Kamothe Park, CIDCO Park, Govind Sagar, etc.
Powai
Powai, another cheap place to live in Mumbai, is a small town on the shores of Powai Lake, surrounded by the Vikhroli Parksite area’s hills. Because of the many well-known educational institutes and corporations, this region is the cheapest area in Mumbai for students. Every year during Ganesh Chaturthi, Powai attracts tens of thousands of devotees for the ‘Visarjan.’ This neighbourhood is also connected to other sections of Mumbai by autorickshaw and local bus service; in your spare time, you can visit several historical temples and lakes. It won’t cost you much as it is one of Mumbai’s cheapest areas.
Necessary Social Amenities in the proximity:
- Educational institutions: Bombay Scottish School, S. M. Shetty High School, Smiles Fun School, etc.
- Entertainment: Devi Vageshwari Mata Temple, Suvarna Temple, Forest Park, etc.
- Hospitals: Dr L H Hiranandani Hospital, IIT Bombay Hospital
- Malls: Galleria Shopping Mall, Powai Plaza, Classic Super Store, Heera Panna Shopping Centre, etc.
- Parks: M.C.G.M. Nirvana Park, Heritage Garden, Deer Park, Raheja Vihar Jogging Park, etc.
Shahapur
Many trekking places and historical temples can be found in Shahapur, making it a popular residential region for sports fans and traditional people. This location is also recognised for being a major water provider to Mumbai, with four large dams supplying more than 2900 megalitres of water every day. Shahapur is also well-connected to all of the city’s major areas via local trains, buses, and auto services. You can spend your leisure time here as it is one of the cheapest places in Mumbai.
Necessary Social Amenities in the proximity:
- Educational institutions: G. V. Khade Vidyalaya, P.S. Deshmukh School, M.N Barora Vidhyalaya, etc.
- Entertainment: Modak Sagar, Mahuli fort, Aajoba Parvat, Bhatsa Dam, etc.
- Hospitals: Arya Hospital, Saibaba Mululti-speciality Hospital and Trauma Care Center, etc
- Malls: High Street Phoenix, Infiniti Mall Malad, Prime Mall, etc.
- Parks: Shivaji Park, Joggers Park, Rotary Park, etc.
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FAQ’s
What is the average cost of renting in Mumbai?
You can find apartments anywhere from INR 6,000 to 40,000 per month in Mumbai, depending on the number of BHKs you choose.
What is the average cost of transport in Mumbai?
The average commute in Mumbai would come to around Rs.1,000-3,000 per month depending on the type of distance and the type of transport you choose.
What is the average cost of food in Mumbai?
The average cost of food in Mumbai would come around Rs. 3,000 – 25,000 per month, depending on the number of family members, as well as whether you choose to hire a cook or do it yourself.
What are the average utility expenses in Mumbai?
The average expense on utilities in Mumbai can be anywhere between Rs 2,000 to 3,000 per month.
Which are the most affordable places to stay in Mumbai?
You can choose anyone from Goregaon, Thane, Navi Mumbai, Kurla, to Sion, Saki Naka, Mulund, Chembur, Dahisar and more, for affordable housing with all the ideal living amenities nearby.
