Which area in Pune has the lowest rent: Affordable Places to Live in Pune for 2024

Well-known for its rich cultural heritage, the city of Pune is the second-most populous city after Mumbai in the state of Maharashtra, India. With more than 7 million people residing in Pune, it is no doubt one of the biggest hubs for immigrants who come from all over the country to study and work in Pune. What was earlier known as the city of pensioners (retired people) is now famous for the happening vibe that attracts young people to this city also popularly known as 'Oxford of the East'.

Like any other city that is on the cusp of becoming a metropolitan, Pune has also seen a rising demand for flats and apartments. Pune has seen an upward trend in the price of flats, bungalows as well as rental rates in the prime areas of the city. But, this does not mean that Pune has exorbitant rent prices. There are plenty of areas in Pune where one can rent a flat cheaply without having to stay far away from the centre of the city. If you’re searching for the cheapest places to live in Pune, this is where your search ends!

Katraj

Located near National Highway 4 (NH4) which connects to Kolhapur and Bangalore, Katraj is a popular area in Pune for young students and professional persons. Katraj is close to Swargate bus depot which is a central point for public busses that run throughout the city, making it easy to commute. What was earlier a rural area surrounding the famous Katraj Lake, is now full of residential complexes that offer flats on rent at a relatively cheap rate. One of the main reasons for a pretty low rental rate is because of the huge influx of students and young working-class immigrants who prefer staying with flat and roommates.

Rent for 1 BHK In Katraj: Rs. 7200-8400

Social Amenities in the Proximity

Educational institutions: Bharati Vidyapeeth University

Hospitals: Rao Nursing Home, Bharati Hospital

Malls: D-Mart, KK Market

Parks: Rajiv Gandhi Zoological Park

Warje

Located just 12 KMs away from the city centre, Warje is another area in Pune that was earlier just a farming land but has seen a steady improvement over the past decade. Today, Warje is regarded as the ‘spiritual extension’ of Kothrud, one of the most expensive localities in the city of Pune. One of the main attractions of Warje is the close proximity to the National Defence Academy (NDA). Regardless of the rapid growth, people who are searching for the cheapest areas in Pune for renting flats find Warje as one of the most suitable areas. 

Rent for 1 BHK In Warje: Rs. 7800-8500

Social Amenities in the Proximity

Educational institutions: Rosary School & College, Modern High School

Hospitals: Mai Mangeshkar Hospital, Lodhar Maternity Home

Malls: Reliance Mall, Abhiruchi Mall

Parks: SmritiVan

Dhayari

Located right at the intersection of Sinhagad Road and NH4, Dhayari is a quaint little area that has quickly become the most sought after rental location due to the affordability factor. Dhayari is also blessed with being in close proximity to Symphony IT Park and Khadakwasla dam, a popular tourist attraction. One of the main reasons why one can easily find cheap flats to live in Dhayari is because of the high prices of surrounding localities of Manik Baug and Sinhagad road.

Rent for 1 BHK In Dhayari: Rs. 6200-7500

Social Amenities in the Proximity

Educational institutions: Asian College of Commerce, Sinhagad College

Hospitals: Vighnaharta Hospital, Adate Hospital

Malls: Abhiruchi Mall & Multiplex

Parks: PuLa Deshpande Garden

Wagholi

If you are working in an IT company and new to Pune then chances are that your colleagues will suggest you look for a flat on rent in Wagholi because of many factors. For starters, it is close to different IT parks such as Eon IT Park, Giga Space IT which have thousands of professionals working inside. Surprisingly, Wagholi has cheaper rental rates for flats when compared to surrounding areas of Viman Nagar, Kharadi. Another advantage of living in Wagholi is its close proximity to the Pune International Airport.

Rent for 1 BHK In Wagholi: Rs. 6800 - 7700

Social Amenities in the Proximity

Educational institutions: Imperial College of Engineering, Bharatiya Jain Sanghatana’s College

Hospitals: Lifeline Hospital, Imax Multispeciality Hospital

Malls: Epic Shopping, BA Shopping Hub

Parks: Wagheshwar Park

Vishrantwadi

Vishrantwadi by area is huge and it is still one of the most populous localities in the city of Pune. Closer to Alandi Road, it is a relatively new locality in terms of preference but the fact that it is so close to the Pune International Airport. It is a relatively quiet area with less pollution and good infrastructure. One of the biggest factors that make living in Vishrantwadi cheap is the high prices of surrounding areas such as Viman Nagar and Manjri. 

Rent for 1 BHK In Vishrantwadi:Rs. 7500-8200

Social Amenities in the Proximity

Educational institutions: SNBP College, Dr Ambedkar College

Hospitals: Serene Hospital, Kedarnath General Hospital

Malls: Shree Mahalaxmi Mini Mall, Creaticity mall (near vishrantwadi)

Parks: Pragati Garden

Bhosari

Known largely as one of the most populous areas in Pimpri Chinchwad, Bhosari is an upcoming locality for people looking for a quiet stay which is not too heavy on the pocket! Bhosari is also one of the most well-known industrial areas of Pune with MIDC, Tata Motors, Thermax, etc. industries located at the heart of the locality. Bhosari is slowly becoming a hub for families due to different amenities and infrastructural advancements.

Rent for 1 BHK In Bhosari: Rs.  8700-9700

Social Amenities in the Proximity

Educational institutions: ACS College

Hospitals: Anand Hospital, LifeLine Orthopedic Hospital

Malls: Indrayani Mall

Parks: Nana Nani Park, Bhosari Garden.

Read: Posh Areas in Pune to Help You Live Life Luxuriously

Dhankawadi

If you are looking for a cheap rental flat near the NH4 area but also close to Swargate bus depot, then Dhankawadi is a great option to look at! The area has seen fast development turning the ex-village into a densely populated urban area that it is today. One of the main advantages of finding a cheap rental flat in Dhankawadi is that it is very well connected to the other city centre by bus as well as auto-rickshaws. Surrounded by a few well-known colleges and universities, the area is also ‘hip’ and full of the young crowd that Pune is famous for.

Rent for 1 BHK In Dhankawad: Rs. 8500-9700

Social Amenities in the Proximity

Educational institutions: Pune Institute of Computer Technology (PICT)

Hospitals: Suyog Hospital

Malls: D-Mart, KK Market

Parks: 7 wonders park, Aaba Bagul Udyan

Read: An Insight on the Cost of Living in Pune

Hinjewadi

One of the best and most affordable places to live in Pune, Hinjewadi is the Information Technology hub of Pune. It is the crowning jewel of the software industry that has resulted in the rapid growth of Pune. Despite being a sought-after area for life in Pune, Hinjewadi is a relatively cheap area to stay because of the high influx of young people who like to share flats and live cheaply.

Rent for 1BHK In Hinjewadi: Rs. 8500-9500

Social Amenities in the Proximity

Educational institutions: International Institute of IT, Alard Institutes

Hospitals: Sanjeevani Hospitals, Ruby Hall Clinics

Malls: Xion Mall

Parks: Blue Ridge Walkers Park

As you’ve read above, Pune is a great city to live in cheaply especially for young students, professionals, and families! It is well-equipped with hospitals, educational institutions, and leisurely activity places. One can easily find a flat on rent in Pune starting from Rs. 6000 to 15,000 in your preferred locality once you look beyond the obvious places. We hope that the blog was useful and helped you in making a decision! You can check out homes on NoBroker and save thousands on brokerage.

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