Average Rent in Mumbai (2026)
Monthly rental prices for studios, 1-bedroom, 2-bedroom, 3-bedroom and larger apartments in Mumbai, India. Updated April 2026.
Monthly Rent by Apartment Type
| Unit Type | Min (INR) | Avg (INR) | Max (INR) |
|---|---|---|---|
| 1 BHK | 18,000 | 32,000 | 55,000 |
| 2 BHK | 28,000 | 52,000 | 90,000 |
| 3 BHK | 50,000 | 95,000 | 160,000 |
| 4 BHK | 90,000 | 180,000 | 350,000 |
| Bungalow/Duplex | 180,000 | 400,000 | 1,000,000 |
All prices in INR per month. Data represents 2026 market averages.
Rent by Neighbourhood in Mumbai
Mumbai Rental Market Overview
Mumbai is India's most expensive and active rental market. The city's chronic housing shortage, corporate sector, and entertainment industry drive strong demand. Bandra, Worli, and Lower Parel are prime areas with South Mumbai being the traditional premium zone.
Key Insights for Landlords
- Security deposits in Mumbai can be 2–6 months rent — significantly higher than other cities.
- Leave & Licence (L&L) agreement is the standard rental contract in Maharashtra.
- Maharashtra Rent Control Act applies to older properties — newer buildings are decontrolled.
- BKC (Bandra Kurla Complex) is driving premium office and residential demand.
- Property yields in Mumbai are among the lowest in India — appreciation is the primary return.
Mumbai at a Glance
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Frequently Asked Questions
What is the average rent in Mumbai in 2026?
The average rent in Mumbai ranges from INR 32,000/month for a studio to INR 180,000/month for a 3-bedroom apartment. A 1-bedroom apartment averages INR 52,000/month.
Are rents in Mumbai increasing?
Rents in Mumbai are rising with a year-on-year change of +6.8%. Mumbai is India's most expensive and active rental market. The city's chronic housing shortage, corporate sector, and entertainment industry drive strong demand. Bandra, Worli, and Lower Parel are prime areas with South Mumbai being the traditional premium zone.
What is the rental yield in Mumbai?
The average gross rental yield in Mumbai is 2.8% per year. Use our rental yield calculator for Mumbai to estimate returns for specific properties.