Hyderabad, the largest city of Andhra Pradesh and its biggest contributor of GDP , sees an exodus of immigrants from other Indian cities. It is primarily its IT/ITeS sector that attracts a large populace from outside. Demand for rental properties remains an all-time high owing to this influx, on one hand, and because of the occupancy needs for its own population. For tenants, the city offers several affordable options. Property prices in the city are highly undervalued, if compared to other tier-1 cities. Accordingly, the rates of rental properties too have not seen appreciable rise over years. Read the article to know about the rental rates prevalent across its different localities.

For budget tenants for two-room flats for rent in Hyderabad, the apt options can be Sainikpuri, Bowanpally, Nizampet, Chanda Nagar, and Kukatpally. Across these, tenants would find rental homes with 8-10k as starting range. Others like Suchitra, Beeramguda, Puppalaguda, and Kompally too offer rent hoses in this bracket. Localities with monthly rentals upto11-15k are Neredmet, Miyapur, Manikonda, Dairy Farm Road, Asif Nagar, and Golconda Fort. Both Manikonda and Miyapur are well-developed residential locations and have witnessed growth of IT sector.

Hyderabad real estate properties over Malaysia Township, Peerm Cheru, Vijay Nagar, Serlingampally, Trimulgherry, and S.R. Nagar come with starting rentals in 15-20k bracket. Premier areas like A.S. Rao Nagar, Kondapur, Bandalaguda Mandal, Banjara Hills, and Nanakram Guda can also be good choices for seekers of two BHKS in this range. Higher rates are prevalent in Vasavi Colony, Srinagar Colony, Madhapur, Jubillee Hills, and APPA Junction. A two room flat across these can cost a tenant monthly rental in 20-50k rental bracket. APPA Junction and Somajiguda are expensive colonies and even the starting rents rates there can fall in 45-55k.

Presence of develop-bale infrastructure, potential to utilize manpower, presence of global conglomerates, and rapid industrialization are the prime reasons why people flock to this 'City of Pearls' year after year. The city is well-connected and is served by a number of state and national highways. National Highway 3, 7, 9 and 252 criss-cross it, making it feasible for denizens to commute to an from here. Then there is P.V. Narsimha Rao Elevated Expressway that connects city's international airport to rest of the city. There are a number of national educational institutes that are functional in the city and attract students from all over the country.

Rental rates have not seen appreciation over years, but after the creation of separate Telangana, the prices are expected to rise.