Average Rent for 2 BHK Apartments in Mumbai: 2025 Guide

Mumbai, the financial capital of India, is one of the most expensive cities to rent a home. The rental prices of 2 BHK apartments in Mumbai vary significantly depending on the locality, amenities, connectivity, and demand. If you are looking for a 2 BHK rental property in Mumbai, it is essential to understand the prevailing rates in different areas to make an informed decision.

Factors Affecting Rental Prices in Mumbai

Several factors contribute to the rental prices in Mumbai, including:

• Location: Prime locations such as Bandra, Juhu, and Worli command higher rents compared to suburban areas like Mulund or Kanjurmarg.

• Connectivity: Proximity to railway stations, metro lines, and major roads impacts rental costs.

• Amenities: Gated communities with security, parking, swimming pools, and gyms tend to have higher rental prices.

• Demand: Areas with IT parks, business hubs, and educational institutions see higher rental demand, leading to increased prices.

• Property Age & Condition: Newer apartments with modern facilities attract higher rents compared to older constructions.

  
  

Average Rent for 2 BHK in Different Localities of Mumbai

1. Premium & High-End Localities

These areas are home to affluent residents, celebrities, and business executives. The cost of renting a 2 BHK here is among the highest in the city.

• Bandra West: ₹57,000 – ₹75,000 per month

• Juhu: ₹50,000 – ₹66,000 per month

• Worli: ₹57,000 – ₹75,000 per month

• Lower Parel: ₹50,000 – ₹65,000 per month

• Dadar: ₹49,000 – ₹64,000 per month

  
  

2. Mid-Range Localities

These areas provide a balance between affordability and quality of life. They are popular among working professionals and families.

• Andheri West: ₹35,000 – ₹47,000 per month

• Chembur: ₹29,000 – ₹38,000 per month

• Powai: ₹31,000 – ₹41,000 per month

• Wadala: ₹37,000 – ₹49,000 per month

• Khar: ₹51,000 – ₹67,000 per month

  
  

3. Affordable & Budget-Friendly Localities

These locations offer relatively lower rents and are preferred by students, young professionals, and budget-conscious families.

• Borivali East: ₹22,000 – ₹30,000 per month

• Kandivali East: ₹23,000 – ₹31,000 per month

• Mulund: ₹24,000 – ₹31,000 per month

• Ghatkopar West: ₹27,000 – ₹36,000 per month

• Kanjurmarg West: ₹25,000 – ₹33,000 per month

Additional Costs to Consider While Renting

When renting a 2 BHK in Mumbai, tenants should also consider the following additional expenses:

• Security Deposit: Usually 2-6 months' rent, depending on the landlord and locality.

• Brokerage Fees: If renting through an agent, brokerage typically equals 1-2 months' rent.

• Maintenance Charges: Ranges from ₹2,000 – ₹10,000 per month in gated societies.

• Utility Bills: Electricity, water, and gas bills can add ₹3,000 – ₹7,000 per month to monthly expenses.

Tips for Renting a 2 BHK in Mumbai

• Use Online Portals: Platforms like MagicBricks, 99acres, and NoBroker can help compare rental prices.

• Negotiate the Rent: Landlords may be open to reducing the rent, especially for long-term agreements.

• Check Connectivity: Ensure the location has good access to public transport and essential facilities.

• Inspect the Property: Visit the apartment to check the condition, ventilation, and maintenance.

• Review the Lease Agreement: Read all terms carefully, including rent escalation clauses, before signing.

  
  

Conclusion

The average rent for a 2 BHK apartment in Mumbai varies widely based on the locality, amenities, and demand. Premium areas like Bandra, Worli, and Juhu have high rental costs, while mid-range and budget-friendly locations such as Andheri, Powai, Mulund, and Borivali offer more affordable options. Before finalizing a rental property, consider additional costs like security deposits, brokerage, and maintenance fees to estimate the total monthly expense accurately. By researching well and negotiating wisely, you can find a suitable 2 BHK rental home in Mumbai that fits your budget and lifestyle.

Also if you are doing budgeting then you can look out for CirclePe, a company that helps its tenants to move in without the hassle of giving a large amount of security deposit.