Renting an Apartment in Mumbai – Your Essential Checklist

Mumbai, its glamour and the fast life, it’s all very fascinating and amazing, but when it comes to staying in Mumbai, it’s a task. Buying a flat is something that we are not going to talk about, as that is something that we have not done, YET. So, let’s talk about the other form of stay in Mumbai, which is renting.

Renting in Mumbai can be an adventure. With its diversity in neighborhoods and lifestyles, Mumbai offers plenty of options, but they come with certain challenges. Whether you’re moving to Mumbai for work, education, or just a new beginning, understanding the rental landscape can save you time, money, and headaches. So, we have brought this simple guide for you, and hope that you might get some help from here.

1. Understanding Location-Based Rent

Mumbai’s rent varies significantly based on location. It is hence advisable that you consider the location before exploring the options. You have to consider the facts like your office or college location. Travelling by road (cab) in Mumbai is typically expensive and time consuming, but the connectivity that the local (train) offers, is amazing. Hence, if you decide to stay far (to save on rent) from your office or college, the locals might save a lot of time and money for you.

When it comes to rentals, the closer you are to South Bombay (SoBo), the higher the rent. Suburbs like Borivali and Malad are more comparatively affordable, while areas like Parel and Lower Parel command premium prices.

For instance, while a single occupancy, fully furnished room in a shared flat in Borivali costs between ₹12,000 and ₹20,000 per month, in Parel or Lower Parel, the same setup ranges from ₹30,000 to ₹60,000.

For families renting an entire flat, the costs are generally more economical than shared flat setups.

Once you finalise the location, your next task is to find your home.

2. Where to explore options for flats / rooms

M has stayed in Mumbai for quite some time and changed his flat for 4 times and also has some experience by helping his friends in finding the right place. The first option that one should explore to find a flat is Facebook, there are groups called ‘Flat and Flatmates’, which are divided location wise, and usually provide very good options. However, in such cases, you have to be careful that the posts are not from any brokers, or else you will end up paying the brokerage.

The next option that may be explored include websites like Nobroker, Nestaway, etc. These websites also give great options, and you can set up your visits according to your time, with their dedicated managers. They also help you in executing the leave and license agreement (also called rent agreement).

Finally, when nothing helps, you have to reach out to brokers and tell them your requirements and schedule the visit.

3. Dealing with Brokers

If you’re using a broker, be prepared to pay a brokerage fee, usually one month’s rent. However, this is negotiable. While there are many genuine brokers, you have to be careful while dealing with them. One of the personal experiences includes paying the advance and then not getting to finally get the flat and then running behind the brother to get the advance back. M finally got it back, he’s a lawyer after all, but may not be :P. Another important point is that some brokers expect brokerage every year. So, it’s very important to discuss and check EVERYTING UPFRONT, including the brokerage (including negotiation), support with leave and license agreement, cleaning/painting of the house, etc.

4. Types of Rentals: Options to Suit Every Lifestyle

As mentioned above, you can rent a single occupancy room (ideal for single tenants who prefer privacy in their room), rent a shared a room (a cost-effective choice for students or those on a tight budget), rent an entire flat (better suited for families or someone who doesn’t like any interference).

Keep in mind that certain housing societies or landlords don’t allow bachelors or have strict rules regarding tenants, choice of food (i.e. vegetarian or non-vegetarian) and the guests that visit your flat. Always confirm these rules before committing.

5. Deposits and Other Costs

Landlords typically ask for a deposit equivalent to 2–3 months’ rent, which can be a considerable upfront cost. Some godlike landlords allow you to pay in tranches, so you can try your luck with that, if required.

It is important to ensure that the terms regarding the deposit are clearly outlined in your rental agreement. Further, please take photos of the flat/room when you move in and send them to the landlord (and also the broker if they’re involved). This can protect you from unfair deductions when you vacate.

Also, if you like partying or hearing loud music at night, please check how many bachelors stay in the building/society, and how your neighbours are, or else, be ready to be evicted overnight. That happens in Mumbai, M has such friends :P.

6. When Vacating: Avoid Unfair Deductions

Landlords often deduct money from your deposit for repainting or repairs. To avoid surprises:

• discuss repainting obligations before signing the agreement. In many cases, landlords deduct repainting costs automatically, but you may negotiate this.
• keep a record of bills and ensure all dues (e.g., maintenance, utilities) are cleared before vacating.

If deductions seem unreasonable, ask for an itemized breakdown or receipts for repairs.

7. Tips for a Smooth Renting Experience

Research Rent Trends: Knowing the typical rent for your chosen area helps in negotiations.

• Inspect thoroughly: Check for damages, appliances, and maintenance issues before moving in.
• Negotiate smartly: From rent to brokerage to deposit terms, everything is negotiable if approached tactfully.
• Have a written agreement: Ensure all terms – rent, deposit, maintenance fees, and notice period—are documented.

Conclusion

Renting in Mumbai can be complex but rewarding with the right preparation. The key is to know your options, negotiate wisely, and stay vigilant about your rights. Whether you choose a cozy room in Borivali or a luxury apartment in Parel, Mumbai’s unique charm will make it all worthwhile.

A final tip. Try not to spend too much on your stay when you start living in Mumbai and instead stay a little far, in a good apartment and society and travel by locals.

PS: No need to read the last sentence if you are RICH :P.