Best Areas To Live In Mumbai For Every Budget

Looks like someone’s very curious to know about the poshest areas in Mumbai. And if you don’t have multiple credit cards in your wallet right now, then we know your search is more ‘curiosity’ than searching for a place to stay. But in case you want to know about the top-most localities you can afford under your budget, we’ve compiled a list of the best residential areas in Mumbai for every budget. And yep, that includes Navi Mumbai. No surprises there.

And the reason why we can confidently speak about this is that we’ve got our own managed apartments and co-living spaces at prime locations in Mumbai. So we, at Stanza Living, know our way around the city and the rental housing scene too. Both for students and working professionals alike. So now that you know where we’re coming from, it’s time you read on. But don’t forget to bookmark this page. So when you consider your move to Mumbai, you know which areas will fit under your budget. Just like you know which outlets not to even enter whenever you visit a good shopping mall.

Best areas to live in Mumbai for every budget in 2022

5 best residential areas in Mumbai to live in. According to decreasing monthly rents:

• Tardeo
• Worli
• Andheri East
• Chembur
• Navi Mumbai

Looking for spacious flats that come with professional housekeeping? Check out our managed apartments in Mumbai.

Tardeo

Tardeo is one of the most expensive localities in Bombay. What else do you expect from a place with a name that makes you nervous while pronouncing it? Also, it’s not just that the monthly rents are super high in Tardeo. It’s also the fact that it’s pretty hard to actually find a property here. But in case you got the money and the repo to back it up, we’re sure you’ll find one. Plus, after you move here, you’ll have the Ambanis as your neighbours for every time you’ve run out of sugar and you need to borrow some in the wee hours.

Worli

Here’s a short description of Worli. Swanky high-rise apartments. Huge sea-facing balconies. And celebrities casually walking their pups on the beach. So you can already imagine why it’s super difficult to afford a place in Worli. So much so that even the property brokers here have got paparazzi around them. Just kidding. Ok, not really.

Andheri East

Moving on from ultra-rich areas to more affordable ones, we’ve got Andheri East for common folks like us. As part of our list of the ‘best area to live in Mumbai’. And for good reason. Andheri East offers a lot of housing options including apartments, PGs, and even modern co-living spaces. Plus, Andheri is where a lot of major corporate companies, digital marketing firms and production studios are located. So if you happen to be involved in any of them, you’ll save plenty on your commuting costs too. In a way, when it comes to your monthly budget, Andheri does not have any ‘Andhera’. Ok, sorry, bye.

Chembur

Even though Chembur might sound like a town where a Gabbar Singh would live, it’s actually a pretty good neighbourhood to stay in Mumbai. The rents are relatively cheap. The connectivity is convenient enough. And it’s famous for its local misal pav, pav bhaji and sweet shops. So if you’re just starting out in your career, then Chembur might just be the place for you.

Navi Mumbai

We know loads of people like to say that Navi Mumbai is not part of the so-called ‘main Mumbai’. But it very much is. It’s where most of the middle-class population is concentrated. So the rents are relatively lower than all the other areas. Also, here you’ll find a lot of young migrants staying on rent. That’s because you can have a bit more spacious rental spaces that you’d otherwise not find in other localities at the same cost. So there’s that.

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