Top 10 Best Places to Live in Mumbai in 2023

Mumbai, a cosmopolitan city in India, has always heartily welcomed the influx of individuals. This city has always been preferred by people to settle in with their families ascribed to the availability of sound civic amenities, social facilities, public transport infrastructure and plenty of job opportunities across different sectors. This city is considered one of the most populated cities in India as every year people across the world migrate here for better opportunities and a better lifestyle. But for some folks, moving to a huge city like Mumbai can be daunting at times. 

One of the biggest challenges for someone who is migrating to this dream city is finding a suitable residential place. With so many residential options available in Mumbai, people may tend to get confused. The residential prices in each neighbourhood in Mumbai differ notably depending on the amenities and infrastructure in the area. 

When selecting the perfect location for you or your family to reside in Mumbai, the following factors should be taken into consideration:

  1. The location should be close to your or your spouse’s workplace 
  2. The availability of high-quality healthcare and medical facilities.
  3. The availability of shopping centres, parks and entertainment centres 
  4. The distance to the nearest train/metro station and airports 
  5. Look for the safe and secure surrounding 

Below is a list of the best areas to live in Mumbai based on conveyance availability, safety, and affordability:

1. Andheri – 

Andheri, often referred to as the business capital of Mumbai, is home to a number of corporate offices, banks, and many established institutions. It is a popular residential area with housing to suit all preferences. The area is well-connected to the rest of the city, with a railway station linking it to the central and western suburbs, and the Mumbai International Airport in close proximity. In addition to this, Andheri is known for its shopping options, with a wealth of malls, markets and street shops providing a wide variety of products. These factors combine to make Andheri an ideal place to live, work and take advantage of the city life.

Now many students as well as working professionals stay in and around Andheri due to close proximity to reputed colleges and top MNCs. These people usually stay alone and not with their families, so renting an entire apartment gets hard on their pocket. 

The rental cost for an individual will go around Rs. 20,000 to 30,000 per month.

GetSetHome’s PG in Andheri –

2. Powai –

Powai is an upcoming trendy suburban neighbourhood located in the northeastern part of Mumbai. The area is rapidly developing into a hub for residential as well as commercial activities, thanks to its proximity to the renowned IIT Bombay campus and the presence of various multinational companies such as Deloitte, TCS, and Accenture. Powai is majorly dominated by the Hiranandani Group. It is one of the high-class areas with aesthetic infrastructure which has a presence of luxury apartments and gated communities to independent houses and villas.  

Many single-working professionals shift to Powai because of the presence of top MNCs. Everyone aspires to work in these organisations but if you are fresher with a bare minimum budget then instead of renting an entire apartment, you should go for sharing accommodations until you get properly settled in this buzzing city. 

The rental cost for an individual will go around Rs. 25,000 to 35,000 per month.

GetSetHome’s PG in Powai –

3. Vile Parle – 

This locality is majorly popular among all the students across Mumbai due to the presence of top educational institutions such as NMIMS, Mithibai College, Dahanukar College and Sathey College. The neighbourhood is also known for its renowned eateries and street food stalls, making it a food lover’s paradise. With a rich cultural history, a range of educational institutions, and a buzzing food scene, Vile Parle is a popular destination for those seeking a convenient but comfortable lifestyle in Mumbai.

Every year, many students flock to Vile Parle due to its abundance of well-established educational institutions. These students always find it difficult to find perfect accommodation in and around Vile Parle. This locality has multiple Hostel/PG options available but finding the most suitable home always becomes a task. 

The rental cost for an individual will go around Rs. 20,000 to 30,000 per month.

GetSetHome’s PG in Vile Parle –

4. Lokhandwala, Oshiwara and DN nagar –

These bustling neighbourhoods located in Andheri West are majorly famous among aspiring actors. They also boast of some of the city’s best shopping destinations, including the Lokhandwala Market and Manish Market where one can find an array of trendy clothes, accessories, and other items. 

The residential areas of Lokhandwala have become popular amongst aspiring actors, especially those in the television and film industry, due to its proximity to production houses and relatively low rent. The spaciousness of the area and its access to public transport are other incentives that make people choose to live here.

The rental cost for an individual will go around Rs. 20,000 to 25,000 per month.

GetSetHome’s PG in Lokhandwala, PG in Oshiwara and PG in DN Nagar –

5. Malad and Kandivali –

These localities are known for their proximity to beaches, lush green parks and peaceful environments which are rare to find in a bustling city like Mumbai hence making them popular residential locations. In general, the residential rates in Malad and Kandivali are considered to be on the higher side compared to other suburban areas in Mumbai due to their connectivity to other parts of the city. 

Overall, Malad and Kandivali offer a great contrast to the hustle and bustle of Mumbai. 

The rental cost for a 1BHK will start from around Rs. 25,000/- per month.

6. Dadar – 

Dadar is a neighbourhood located in the heart of Mumbai, making it a highly desirable location for those seeking a convenient living. This cultural and historical hub of the city is home to several iconic landmarks such as Shivaji Park, Siddhivinayak Temple, and Dadar Flower Market. As a result, the residential rates in Dadar are high and the flat rates here start from crores. Despite the high prices, people are willing to move to Dadar, owing to its excellent connectivity, thriving commercial activity, and access to quality infrastructure. 

The rental cost for a 1BHK will start from around Rs. 45,000/- per month.

7. Bandra West – 

Bandra West, located in the western suburbs of Mumbai, is a sought-after neighbourhood that exudes a fashionable and affluent vibe. It boasts colonial architecture, luxurious villas, and tree-lined streets, making it a favourite among the fashion and entertainment industries. The area offers an array of options for dining, shopping, and entertainment, ranging from high-end designer stores to quaint cafes and vibrant nightlife venues. Visitors can explore popular tourist spots like the Bandstand Promenade, Carter Road, and the Bandra Fort, which offer breathtaking views of the Arabian Sea and glimpses of the city’s rich history.

The rental cost for a 1BHK will start from around Rs. 30,000/- per month.

8. Lower Parel – 

Over the past few years, Lower Parel in Mumbai has experienced significant growth as a commercial and residential area. The neighbourhood boasts the renowned High Street Phoenix Mall, which is one of Mumbai’s biggest shopping centres. With a variety of dining options, ranging from upscale restaurants to local street vendors, Lower Parel has something to satisfy every palate.

Lower Parel is easily accessible from other parts of the city, thanks to its proximity to various railway stations and bus stops. Due to its location in south Bombay, the rental rates in this area are relatively expensive. Typically, a 1 BHK apartment can be rented for anywhere between Rs.50,000/- to Rs.1,50,000/- per month, with premium apartments offering luxurious amenities costing even more.

GetSetHome’s PG in Lower Parel and PG in Mumbai Central – 

9. Juhu – 

Located on the western outskirts of Mumbai and bordered by the Arabian Sea, Juhu is renowned for its luxurious atmosphere. The area is known for its vibrant culture, bustling nightlife, and luxurious properties. Juhu is also home to several upscale shopping destinations, restaurants, and entertainment venues, making it a hub for the city’s elite residents and visitors. Despite its high-end reputation, Juhu also offers affordable living options, making it a diverse and attractive neighbourhood for all types of residents. 

The rental cost for a 1BHK will start from around Rs. 40,000/- per month.

GetSetHome’s PG in Juhu –

10. Santacruz – 

Santacruz is a popular residential area for many due to its proximity to commercial centres, ease of access, and well-developed infrastructure. Its excellent connectivity to other parts of the city is a key factor in why it’s a top choice for residents.

The rental rates for apartments in Santacruz may vary depending on factors such as the type, size, location, and amenities of the property. Apartments in prime locations, such as near the airport or railway station, may cost more than those in quieter residential areas. It is important to consider these factors when searching for an apartment in Santacruz to ensure that you find a property that meets your needs and budget.

The rental cost for a 1BHK will start from around Rs. 25,000/- per month.

GetSetHome’s PG in Santacruz –

Now looking at the rental costs for all the above localities, it will get challenging for a newbie in Mumbai city to rent an entire apartment. One option that has gained popularity in recent years is coliving, which involves sharing living spaces with other like-minded individuals. Coliving offers several amenities and cost-effective rental options and it also allows you to bond with your other like-minded co-tenants. 

At GetSetHome, we offer top-notch coliving services to tenants in Mumbai and Pune without any hassle. Our extensive collection of properties in Mumbai (100+) and Pune (150+) guarantees that all tenants receive an exceptional coliving experience. 

Our properties are fully furnished and equipped with all the necessary amenities to provide a comfortable and convenient living experience. From high-speed internet to housekeeping services, we take care of everything so that our tenants can focus on their work or studies. At GetSetHome, we strive to create a homely atmosphere and provide a hassle-free coliving experience for everyone. And guess what the cherry on the cake is? Our rental prices in Mumbai start from only 10,000/- per month. 

To sum up, Mumbai provides a range of residential living options, each possessing its own distinctive character and appeal. It is crucial to select a locality that caters to your requirements and inclinations in terms of convenience, security, communication, and way of life. 

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