Most Popular Areas to Look for Affordable Rental Apartments in Karachi

Bahria Town
Scheme 33
Gulshan-e-Iqbal
Federal B. Area
Nazimabad
North Nazimabad
Gulistan-e-Jauhar

With residential, commercial, and corporate high-rises dotting its entire urban landscape, Karachi — the largest city in Pakistan that also serves as its economic engine — has recently transformed into a concrete jungle. From small-sized studio flats to super luxurious penthouses; you can easily find many different types of apartments in the metropolis.

The City of Lights has the largest and probably the most interesting real estate market in the country. So, if you are specifically looking for an affordable flat for rent in Karachi, then there are plenty of options available out there, scattered in different localities across the city. Like always, we have come up with this post to help you kick off your property search on the right foot.

Here are going to name and discuss a few areas where you can easily find budget-friendly rental apartments in Karachi. We’ll also give you the average monthly rent for each type of apartment discussed in the piece to give you a better idea of the rental price trends in the city, as of May 2021.

So, without further ado, let’s get started!

Top Areas to Look for Affordable Flats for Rent in Karachi

Below is a list of areas that should be your priority while looking for budget-friendly rental apartments in Karachi

• Bahria Town
• Scheme 33
• Gulshan-e-Iqbal
• Federal B. Area
• Nazimabad
• North Nazimabad
• Gulistan-e-Jauhar

Bahria Town

We have kept Bahria Town on the top of our list discussing the most popular areas with affordable flats for rent in Karachi because it has some of the finest properties available at probably the best possible rates in the city, as of now. 

Most of the rental apartments available here are almost brand-new and in very good condition. You may hardly come across rental properties in any other part of the city as good as the ones available in Bahria Town, especially within a limited rental budget.

Bahria Town Karachi is a gated community with all modern-day facilities and amenities. This means you may not even need to leave society to take care of your day-to-day lifestyle and household needs as everything is available at a stone’s throw distance within the walls of this top-notch real estate project in the suburbs of Karachi. 

The average monthly rents for the different types of rental flats available in Bahria Town Karachi have been mentioned in the table below:

Scheme 33

The real estate development of Scheme 33 has an abundance of low-cost housing options. The neighbourhood was founded to promote the concept of affordable homes in the city. Owing to its immense size and slow pace of development, the project is partially completed and is based on many newly constructed housing societies and old localities.

Since it brings a wide array of investment options to the table, it has turned out to be the most popular area among property investors in Karachi, as per the data collected from Zameen’s Search Trends in the first quarter of 2021. Also, Scheme 33 enjoys a very well-connected location. Sharing boundaries with Gulshan-e-Iqbal at one end, the area also enjoys direct access to the Karachi-Hyderabad M-9 motorway on the other end.

Lower price trends also mean that rental properties in Scheme 33 are more affordable than in many other areas in Karachi. Take a look at the below table to check out the average monthly rents of the following available rental apartments in Scheme 33:

Gulshan-e-Iqbal

Another very popular area in terms of renting an affordable apartment in Karachi is Gulshan-e-Iqbal. Like a few of its surrounding neighbourhoods, it also caters to a large population of Karachiites living in apartments. Gulshan-e-Iqbal has plenty of both new and old residential buildings, most of which have parking arrangements. 

Linked directly with the main University Road, which is one of the most important expressways in Karachi, the neighbourhood is home to some of the top educational institutions in the city including the University of Karachi. As discussed, renting an apartment in this part of the city is cheap, despite the neighbourhood’s central location. 

Refer to the table below to learn more about the average monthly rents for the different apartment options available in Gulshan-e-Iqbal:

Federal B. Area

Previously, the real estate of Federal B. Area was dominated by bungalows and individual residential units with multiple storeys. However, owing to the recent changes and growing popularity of the modern-day real estate trends in Pakistan, more and more tall apartment buildings and co-living residential complexes have started to emerge in the neighbourhood.

This has also increased the commercial significance of the area as it now hosts some of the most popular eateries and shopping outlets in the city. Plus, the locality falls in proximity to neighbourhoods like North Nazimabad and Gulshan-e-Iqbal. Now, Federal B. Area is also one of the best localities to look for an affordable flat for rent in Karachi. 

The different types of rental apartments available in the Federal B. Area come with average monthly rents mentioned in the table below:

Nazimabad

One of the city’s oldest and poshest residential neighbourhoods, Nazimabad has surprisingly made it to our list of the top areas to find affordable rental apartments in Karachi. It is because Nazimabad has followed the footsteps of its surrounding neighbourhoods and its real estate market is now also dotted with many high-rise apartment buildings.

With the increasing number of vertical residential projects in the vicinity, Nazimabad has become one of the city’s busiest localities. There are a plethora of options available now in the area for apartment renters looking for options in different price ranges, especially the ones having a limited budget. 

So, let’s learn more about the average monthly rents for the most popular types of rental apartments available in Nazimabad:

North Nazimabad

The real estate value of North Nazimabad is increasing with time. The area is now home to many noteworthy apartment projects in Karachi. Owing to its unique positioning, North Nazimabad shares boundaries with many other popular neighbourhoods including Buffer Zone, Gulberg Town, and Nazimabad. The neighbourhood is dotted with many vertical residential projects offering affordable rental apartments. Many of these projects are recently constructed with flats in almost new condition. 

Average monthly rents for the different types of flats available in North Nazimabad are as follows:

Gulistan-e-Jauhar

Heavily dotted with apartment buildings, the entire urban landscape of Gulistan-e-Jauhar appears like one big cluster of mid-rise and high-rise residential projects. This makes it one of the liveliest and most populous neighbourhoods in the city. Gulistan-e-Jauhar is also connected to the Jinnah International Airport, Karachi, which can be accessed using the route of Shahrah-e-Faisal.

Landmarks like Millenium Mall and Nueplex Cinemas add to the commercial and recreational significance of Gulistan-e-Jauhar. There is no shortage of property options in terms of rental apartments in the vicinity. The availability of many important facilities and a convenient location make Gulistan-e-Jauhar one of the best areas to look for affordable apartments for rent in Karachi. 

Check out the average monthly rent for the available rental flats in Gulistan-e-Jauhar below:

Now that we have rounded up some of the most budget-friendly areas to rent an apartment in Karachi, it’s time for us to wrap up. We hope the information we have shared with you in this post will help you find a suitable and affordable flat for rent in the City of Lights.

If you have any questions, feedback, or are looking for information on the rental property market of Karachi, feel free to contact us at blog@zameen.com. We would be happy to assist you with your concerns.

On a side note, you may also like reading about the best areas to rent an apartment in Karachi and neighbourhoods in the city where you can rent properties under PKR 30,000 a month.

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