Pune, also known as the Oxford of the East, is a sprawling city with an urban population of nearly 5 million. At the same time, it is also the cultural capital of Maharashtra. While it carries less renown than Mumbai, it still provides vivid images of the country—both contemporary and historical. If you wish to settle in the city as a student or a resident, you should learn how to find budget-friendly flats in Pune.

Living in a city like Pune, it is crucial to analyze the budget portion allocated to accommodation costs. As per a study, renting an apartment in Pune is more affordable than buying land. For instance, a 1BHk apartment in the city centre can cost around INR 10k monthly. With the concept of co-living in Pune, you can get a share of INR 5k for a basic apartment.

How to Find Cheap Housing in Pune?

With an increasing inflow of the young population in the city of Pune, either due to education or employment, there has been an increase in the demand for cheap housing. People flocking to the city search for popular areas offering cheap housing options in Pune.

Whether you are leaving your house for the first time, looking for a change or graduating, you need proper accommodation and quickly! However, figuring out how to find a budget-friendly apartment for rent in Pune can be overwhelming. You are probably aware of how expensive monthly rent can be!

The good news is that you can learn how to find budget-friendly flats and discover a space that meets your needs. Before you sign the agreement, here are some tips to help you find an affordable rental space in Pune:

1. Find a Budget-friendly Rental Apartment Based on Your Income

Understanding how to find affordable apartments comes down to how much you can actually afford. Affordability tends to be relative. A golden rule of thumb is not to spend over 30 percent of your monthly income on accommodation. However, in reality, in urban centers like Pune, individuals often spend as much as 40%-50% of their monthly income on accommodation.

Moreover, you also need to qualify as a tenant. This implies filling out the application (along with paying a fee) to get approval for the desired property effectively. As you possess knowledge of how much you qualify for, decide how much you will spend every month.

Ultimately, budgeting is the key to finding an affordable apartment for rent in Pune.

2. Embrace Co-Living

Another conventional way to minimize your monthly expenses is to find flatmates to live with. Stanza Living promotes the notion of co-living in urban cities like Pune to minimize overall expenses.

You can start by asking family and friends and later on expand your search to include outside connections. Social media can also help you connect with the wider circle of friends so you don’t end up living alone. With Stanza Living, you can look for flats in Pune, supporting the concept of co-living and helping you save significantly every month.

3. Understand Your Deal-Breakers

If you are a working professional, you might need a room for yourself in the apartment that you are sharing with other flatmates. Sharing an apartment for rent with others does not imply you need to compromise on your lifestyle or daily habits.

Before choosing an apartment for rent in Pune, here are some quick questions you can ask yourself:

• Does the neighbourhood appeal to me?
• How much would I need to commute daily?
• Does the apartment offer proper facilities, like an oven, dishwasher, stove, washing machine, and others?
• Is the apartment located inside a residential complex?
• How far are nearby landmarks, like the supermarket, movie theatre, railway station, or airport?

When you are searching on Stanza Living, you have the option to filter your results based on locality, budget, gender, and other preferences.

4. Plan to Furnish Over Time

It turns out to be a major investment to get your flat up to your standards, especially in terms of the overall decor. Therefore, you can plan to bring in decorations and furniture over time instead of all at once. Moreover, you can also choose apartments with built-in furniture or accessories to enhance your living standards.

For the initial months, stick to basic necessities. Give your creativity some time to plan ahead if you wish to save on your monthly rental expenses. Indeed, it will help you save money upfront.

Conclusion

If you would love to save some extra bucks, our guide can help you find an affordable flat for rent in Pune. Our services can assist you in finding your dream home in Pune sooner than you think! With Stanza Living, you can skip the queue and book a flat visit right away! With our expert assistance, you can find your dream home in Pune within your budget.

FAQs

1. What kind of flats are available in Pune at Stanza Living?

At Stanza Living, we offer a wide range of flats for rent in Pune to cater to diverse preferences and requirements. You can  find listings for 1 BHK flats, 2 BHK flats, and even 3 BHK flats in Pune. Simply visit our website and search for your desired preferences.

2. Is Pune the Ideal city to live in for students and working professionals?

Indeed, Pune is a thriving city for young professionals and budding minds to reside in. With rapid urbanization and affordable living costs, both students and professionals can search for budget-friendly flats for rent in Pune.

3. What are the Best Areas to Search for Rental Apartments in Pune?

Pune is a rapidly developing city with immense scope for urbanization. Therefore, you can always come across projects under development in the thriving city. If you are looking for affordable flats for rent in Pune, some famous areas to consider are Kharadi, Aundh, Viman Nagar, and Wakad.