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9 Most Affordable Places to Live in Mumbai

Posted on October 30, 2023October 31, 2023 By Nupur Chawale No Comments on 9 Most Affordable Places to Live in Mumbai

Are you someone who intends to visit Mumbai, the city of dreams, to try their luck? This is a list of Mumbai’s most reasonably priced neighborhoods, so you won’t have to break the bank trying to afford the bare minimum. This blog is about 9 Most Affordable Places to Live in Mumbai.

Mumbai is not just India’s center for finance but also entertainment. Mumbai, the home of numerous well-known celebrities like Salman Khan, Virat Kohli, Mukesh Ambani, Amitabh Bachchan, Shah Rukh Khan, and others, is a city where many people from various cities and cultures find their dreams come true.
Mumbai welcomes anyone seeking employment in the large metropolis, be they struggling actors, models, directors, writers, photographers, or salaried staff members. Mumbai is a city where many people look for hope, which is why real estate there is quite expensive. But fear not—we’ve got you covered.

Most Affordable Places to Live in Mumbai

We’ve compiled a list of the most reasonably priced neighborhoods in Mumbai to assist you in locating the ideal spot to live while you’re working toward your goals. Mumbai houses are often small because there is a high demand for space. The most popular sizes are 1 BHK, a single bedroom, hall, and kitchen, and 1 RK, one room and kitchen. Continue reading to find out which parts of Mumbai are the most affordable. Here is 9 Most Affordable Places to Live in Mumbai.

1. Borivali

Borivali, also called the “suburb of gardens,” is among Mumbai’s most reasonably priced areas to dwell. For individuals who work close to CST, Borivali is a great location because it can be reached there in around 45 minutes by local train.
Borivali, teeming with universities, schools, hospitals, and even eateries, is also developing into a centre for cutting-edge corporate offices and social infrastructure. Additionally, there are many ways to get to Borivali, such as the Borivali Railway Station, taxis, buses, and autorickshaws. In Borivali, rental properties are easily found.

Nearby social amenities:

  • Hospitals: Apex Hospital, Lotus Multispeciality Hospital, Shree Ganesha Hospital, Mandapeshwar Nursing Home
  • Educational institutions: Orchids The International School, Don Bosco High School, JBCN International School, and St. Francis Institute of Technology
  • Mall: Indraprastha Shopping Center, V Star Mall

2. Ghatkopar

Ghatkopar, one of Mumbai’s oldest neighborhoods, is well-known for its business, residential, and educational establishments. One neighborhood in Mumbai dominated by multi-story flats is Ghatkopar, considered among the most reasonably priced areas.
Ghatkopar Metro Station connects Ghatkopar to the rest of Mumbai. Additionally, the Versova-Andheri-Ghatkopar metro line has already been started by Mumbai Metro, and Ghatkopar will be even easier to reach once the project is completed. In Ghatkopar, renting a home is simple.

Nearby social amenities:

  • Hospitals: Ramabai Thackrey Hospital, Samartha Maternity & Multispecialty Hospital, Aadhar Orthodic Hospital
  • Educational institutions: The Universal School, P G Garodia School, PVG Vidya Bhawan School, Vidyaniketan Commerce & Science College
  • Mall: R Odeon Mall, Milan Shopping Center

3. Vikhroli

A suburb in north-east Mumbai, Vikhroli is furnished with various living areas. Vikhroli is always in demand among prospective homeowners or tenants because of its excellent infrastructure, gardens, restaurants, theatres, etc.
All of the main areas of Mumbai are connected to Vikhroli via the Central Railway Line’s Vikhroli Railway Station. Additionally, the Eastern Express Highway, Lal Bahadur Shastri Road, and Agra Road are the main thoroughfares linking Vikhroli to the rest of the city. Lease an apartment in Vikhroli.

Nearby social amenities:

  • Hospitals: Samarth Hospital, Aastha Hospital, Krantiveer Mahatma Jyotiba Phule Hospital, and Godrej Memorial Hospital
  • Educational institutions: Orchids The International School, Abhay International School, Utkarsha Bal Mandir, Sandesh College of Arts Commerce & Science, Vikas College of Arts Science and Commerce
  • Mall/Market: Vikhroli East Market, Daksh SuperMarket

4. Kandivali

Kandivali, formerly known as Khandolee, is a developing neighborhood in north Mumbai. With its abundance of leisure and entertainment spaces, Kandivali is a great spot for families with children and working professionals to live. Kandivali, which is 14 kilometers from the domestic and international airports, is one of the neighborhoods that provide convenient access to all of Mumbai’s most popular locations.
Constructed in 1907, the Kandivali Railway Station is among the busiest in the city and provides smooth connectivity to all of Mumbai’s most desirable neighborhoods. The Goregaon-Mulund Link Road also connects the western suburbs to the central suburbs by passing through Kandivali. Certain properties in Kandivali that are for rent are easily located.

Nearby social amenities:

  • Hospitals: Shatabdi Hospital, Sukhsagar Hitech Hospital, Paarth Hospital, BMC Hospital
  • Educational institutions: Kapol Vidyanidhi International School, St.Joseph’s High School, Akshara High School, Prakash College of Commerce and Science,
  • Mall/Market: Raghuleela Mega Mall, Thakur Mall

5. Malad

Malad is a hub for multinational corporations and a haven for white-collar workers. Known as one of the most affordable neighborhoods, Malad has everything from opulent hotels to mouthwatering street cuisine.
You can ferry to Versova, Gorai, and Manori at Malad. Link Road, SV Road, and NH-8 Ferry also connect Malad to the rest of the city. Malad West and the Chhatrapati Shivaji International Airport are about 12.2 miles apart. You may rent apartments in Malad here.

Nearby social amenities:

  • Hospitals: Thunga Hospital, Lifeline Multispeciality Hospital, Zenith Hospital
  • Educational institutions: Orchids The International School, Billabong High International School, Ryan International School, and Nagindas Khandwala College Of Commerce Arts And Management Studies
  • Mall/Market: Infiniti Mall, Inorbit Mall

6. Kurla

Kurla, which is regarded as the center of Mumbai, is one area that is growing quickly. Kurla is home to numerous worship sites, including Ganpati Mandir, Holy Cross Church, Sai Baba Temple, and Darul Uloom Mehboob-e-Subhani. Kurla is a neighborhood that appeals to both middle-class and upper-class residents. It’s easy to locate a rental apartment in Kurla.

Nearby social amenities:

  • Hospitals: Kohinoor Hospital, City Hospital & Research Centre, Amar Hospital
  • Educational institutions: Holy Cross High School, Kohinoor International School, St. Joseph High School, Mithibai College
  • Mall/Market: Phoenix Market City

7. Chembur

Because of the industrial hubs surrounding Chembur, many people choose it as their preferred residential neighborhood. Diamond Garden, Dr Ambedkar Garden, and the Tata Institute of Social Science are just a few of the well-known attractions in Chembur. Several well-known businesses, including Bhabha Atomic Research Centre, Petroleum Corporation Limited, Hindustan Petroleum Corporation Limited, and others, are based in this well-known IT hub.
Aside from the fact that Chembur has industrial hubs nearby, people choose to reside there because of the great connection it provides—the city is only 15 km from the airport. Moreover, Chembur links Central and Navi Mumbai, simplifying thousands of passengers’ lives. View the apartments available for rent in Chembur.

Nearby Social Amenities:

  • Hospitals: SRV Hospital, Zen Multi Speciality Hospital, Apollo Spectra Hospital
  • Educational institutions: JBCN International School, St. Gregorios High School, Vivekanand Education Society’s Institute of Technology (VESIT)
  • Mall/Market: Cubic Mall, K-Star Mall

8. Powai

Powai is surrounded by the hills of Vikhroli Parksite and is located at the shoreline of Powai Lake. Powai is considered an inexpensive and ideal place for professionals and students because it is home to numerous businesses and educational institutions. In addition, many devotees travel to Powai for Ganesh Visarjan during Ganesh Chaturthi. Powai is home to the well-known Sanjay Gandhi National Park, and plenty of other historical sites exist to explore. In Powai, rental houses are easily found.

Nearby social amenities:

  • Hospitals: SRV Hospital, Zen Multi Speciality Hospital, Apollo Spectra Hospital
  • Educational institutions: JBCN International School, St. Gregorios High School, Vivekanand Education Society’s Institute of Technology (VESIT)
  • Mall/Market: Cubic Mall, K-Star Mall

9. Airoli

One of Mumbai’s greatest neighborhoods for homes and businesses is Airoli. It offers families and students a range of reasonably priced home alternatives. The Kalwa and Mulund-Airoli bridges provide excellent access to Mulund and Thane, two of the city’s most important areas. The best feature of the neighborhood is the abundance of amenities available to its inhabitants, enabling them to lead modern, pleasant lives. It’s very simple to locate rental properties in Airoli.

  • Hospitals: Rainbow Multispeciality Hospital, Trauma Center, and Criticare Hospital
  • Educational Institutions: Vibgyor High School, Dayanand Anglo Vedic Public School, and Datta Meghe World Academy
  • Shopping Malls: Rock Point and Oerlikon Trade Place Pvt. Ltd.

In sum: Affordable Localities of Mumbai

Mumbai is a large city, so completing your lodging research online is vital before moving there. With only a few clicks, you may search Magicbricks from your home to uncover the most reasonably priced neighborhoods in Mumbai.

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