Property for Rent in Noida

Noida offers a wide range of employment options to locals and mostly immigrants from neighbouring cities. People from all across the nation have been relocating to Noida for employment or to reside permanently. The cost of living is low in Noida as compared to Gurgaon and Faridabad. Consequently, there is a markedly elevated demand for rental properties. The majority of locals invest in real estate and rent it out to generate an investment return.

When the pandemic hit, the value of the rental market decreased as most people headed back to their hometowns. The rental market suffered greatly, especially since the primary market niches were students and professionals. However, post-pandemic the rent in Noida has picked up but is lower compared to Gurgaon. 

Noida has a diverse selection of rental properties available for rent, including studio flats, builder floors, apartments in a range of unit sizes, apartment complexes, and villas.

Market Trend for Rent in Noida

Given that most of Noida's population are students and professionals, renting out properties offers excellent returns on investment for investors. However, in 2020, due to the pandemic, the rental rates went down by 25%, leaving the landlords scouting for tenants. The rental rate for a 3-BHK apartment went down to Rs. 8,000, which has been the lowest to date. 

Noida has attracted a lot of potential investors and end-users as its liveability has improved and there is no shortage of renters who favour it more as employment sectors are located nearby. In 2022, the rental market in Noida picked up as several employment sectors opened up and offices returned to normal. The PG accommodations in Sectors 16 and 127 picked up as well as the offices nearby began to function. 

Given the large amounts of unsold merchandise and the backlog of projects, Noida may not have been able to present a positive image of itself recently. However, not for long, as Noida is one of the best micro markets for affordability, with plenty of high-quality properties available thanks to reputable builders.

Top Localities for Rent in Noida

The top localities for rent in Noida are -

• Sector 62
• Sector 44
• Sector 137
• Sector 75
• Sector 50
• Sector 128
• Sector 100
• Sector 49
• Sector 74
• Sector 150

Noida Property for Rent by Budget Type

Noida has a diverse portfolio of properties for rent, including studio flats, apartments, builder floors, villas, apartments within gated communities, office spaces, and commercial properties. One can find 11,351 properties available for rent in Noida in different price ranges.

Approximately 886 one-bedroom properties are available for rent in Noida. The rent price for a 1-BHK apartment or studio flat starts at as low as Rs 5,500 for a carpet area of 400 sq. ft. and increases to Rs 1.5 lakhs for a carpet area of 600 sq. ft. The prices depend on the locality and the owner of the property.

Noida features more than 5,687 two-bedroom properties available for rent. The rental price for a 2-BHK starts from Rs. 6,500 covering a carpet area of 850 sq. ft. and goes up to Rs 1.8 lakhs with a carpet area of 1140 sq. ft.

One can find over 2,434 three-bedroom properties available for rent in Noida. The rental price for a 3-BHK starts from Rs. 7,650 covering a carpet area of 1,085 sq. ft. and increases to Rs 5.5 lakhs with a carpet area of 2,120 sq. ft.

Noida has over 318 four-bedroom properties for rent. A 4-BHK property rental price starts at Rs. 12,500 with a carpet area of 1,200 sq. ft. and goes up to Rs. 1.5 lakhs spanning a carpet area of 2,806 sq. ft.

The city has a handful of 56 five-bedroom properties available for rent in Noida. A 5-BHK property’s rent price starts at Rs. 35,000 with a carpet area of 4,000 sq. ft. and increases up to Rs. 1.5 lakhs covering a carpet area of 5,335 sq. ft.