Bengaluru's Sky-High Rent: ₹70,000 Monthly and ₹5 Lakh Deposit Spark Outrage
A Bengaluru flat listed at ₹70,000 rent with a ₹5 lakh deposit has sparked online debate. Netizens compare it to European rates and warn it may set unsustainable benchmarks.
BengaluruRentHousing CrisisReal EstateHighend ApartmentsReal Estate NewsSep 01, 2025
One Redditor commented, “Ongoing rent here is ₹45,000 plus maintenance, and even that feels steep. For ₹70,000, you might as well buy the flat; these are selling at around ₹1.2 crore. It’s just a small 2BHK, more like a 1.5BHK. The owner seems to think expensive furnishing equals double rent.” This sentiment is shared by many who argue that such high rents make little financial sense when compared to buying an apartment.
Bengaluru, once considered more affordable compared to cities like Mumbai or Delhi, has seen a significant spike in rental prices post-pandemic. The surge in demand from returning IT employees and a limited supply of quality housing near major tech hubs like Whitefield, Panathur, and Sarjapur have driven this trend. Market data shows that 2BHK flats in gated communities that rented for ₹25,000– ₹30,000 a month in 2019 are now commanding ₹45,000– ₹55,000, with some Grade A apartments pushing far higher.
Tenants argue that such inflated asking prices set an unsustainable benchmark, forcing others to follow suit. “Maybe some unaware folks will end up taking it, and then that becomes the new standard,” one Redditor warned. Industry analysts note that while premium gated projects justify higher rents with amenities and landscaping, the gap between rental yields and property prices remains wide. For many, paying such high rents makes little financial sense when compared to buying an apartment.
As Bengaluru continues to grapple with rapid urbanization and housing shortages, the debate over whether the city is becoming ‘unlivable’ due to soaring rents shows no signs of slowing down. Several Redditors and prospective tenants have echoed a growing sentiment reflected in recent reports, saying the city’s rental market has become expensive. “The rental situation is the worst here. I’m going through the same, and honestly, Bengaluru feels no different from Mumbai now,” one user wrote, referencing how the city’s housing costs are increasingly being compared to India’s financial capital.
Over the last few years, comparisons have been drawn between Bengaluru and Mumbai. Rentals in the IT capital continue to increase 23-30% annually. Some apartments near Indiranagar reported a 40-50% hike in rentals last year. While Bengaluru suburbs, such as south Bengaluru and the outskirts of Whitefield, are still reasonably priced, local brokers say rentals in the city center and IT corridors have zoomed, with some 4BHK listings asking ₹2 lakh a month.
"Last November, we rented out a 4BHK for ₹2.5 lakh per month in north Bangalore. These are just one of the many transactions we did over a lakh price bracket," Sunil Singh, director of Realty Corps, said. The ongoing debate highlights the growing concerns about the affordability of living in Bengaluru, especially for the middle class and young professionals.
Frequently Asked Questions
Why are rents so high in Bengaluru?
Rents in Bengaluru have increased due to a surge in demand from returning IT employees and a limited supply of quality housing near major tech hubs. The city's rapid urbanization and housing shortages have also contributed to the rise in rental prices.
Is ₹70,000 a reasonable rent for a 2BHK in Bengaluru?
Many netizens argue that ₹70,000 is a steep rent for a 2BHK in Bengaluru, especially when compared to buying an apartment. High-end furnishing and premium amenities are often cited as justifications, but the financial logic is questioned by many.
What are the alternatives to renting in Bengaluru?
Some alternatives to renting in Bengaluru include buying an apartment, moving to more affordable suburbs, or sharing a flat with roommates to split the costs. Many netizens suggest checking with society guards and local brokers to understand hidden costs and water issues.
Is Bengaluru's rental market becoming similar to Mumbai's?
Yes, many netizens and reports suggest that Bengaluru's rental market is becoming increasingly expensive, similar to Mumbai. The city's rentals have been increasing by 23-30% annually, with some areas seeing even higher hikes.
What factors are driving the rise in rental prices in Bengaluru?
The main factors driving the rise in rental prices in Bengaluru include a surge in demand from IT employees, limited supply of quality housing, rapid urbanization, and the popularity of premium gated communities with high-end amenities.
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