Real Estate

Rent Properties on a Budget – Where to Find Them?

Finding rent properties at the right place to live is a critical yet hectic task to accomplish. When choosing a house, you always look for a place that offers all the necessities of life. An area ideally located in the neighbourhood or at least close to the places you often tend to visit. A commercial hub in its surrounding is also a significantly ideal feature that most of us look for. Availing all these amenities in a single deal is rare or comes at a high price. 

Moreover, due to the skyrocketing rentals driven by swelling inflation, choosing a good house for rent in Pakistan has become even more challenging. For budget buyers, rental properties are escaping affordability limits with every passing day. An unstable economy, as well as a demand/supply disparity, is contributing towards the worsening of tenants’ problems. 

Despite the unfavourable economic circumstances, the recent initiatives by the Government of Pakistan have repaired the damage to some extent. The encouraging incentives, including tax exemptions for the real estate sector, have shouldered the struggling market. 

As a result, the business activity in Pakistan’s real estate sector has gained momentum. Consequently, more investors, both local and foreign, are now advancing their financial stakes in different cities. 

Amidst this genial scenario, you must contemplate certain factors during your hunt of finding a house for rent in Islamabad, Lahore, Karachi, or other cities of Pakistan.  

What to Consider When Finding a Rental Property?

Following are some of the critical factors that you must keep in notice when searching for a rental property:

  • Size of the Property: The size of your house varies with your need. If you are a bachelor looking to stay alone, a single-room flat or a studio apartment will work best. Likewise, if you have a small family then you at least need a portion of a house.
  • Choose the Right Location: This could be the most crucial factor in your decision-making process. If you can find a place for less, but it has poor access to commercial areas and commute routes, you must reconsider shifting to the place.
  • Access to Basic Necessities: The place where you live needs to be equipped with all the basic human needs of life (e.g., water, gas, electricity, public transport, etc.). If a property lacks any of these facilities, it is not worth moving there. 

Where to Find Rent Properties on a Budget 

and Graana, we have a range of options for you to choose from. Graana.com offers an all-inclusive and diverse listing of the rental as well as sale properties from all cities and areas of Pakistan. While you keep all the factors mentioned above in mind, graana.com eases the process of finding the right house for you. 

Finding Affordable Properties for Rent in Pakistan

Houses for Rent in Lahore

Lahore is a continually expanding city offering the best of Punjab in infrastructure development, industrial and corporate setup, medical and educational facilities, and more. Being the provincial capital with a high standard of living and an ever-growing population, the rental prices in Lahore have always remained on the higher side compared to the rest of the cities in the country. 

The houses for rent in Lahore is varying with the area within the city. For instance, if you are looking for a low-budget house for rent in Lahore, areas like Gulberg and Paragon City are your go-to options where the average rent of a 5 Marla house is Rs. 37,000 and Rs. 35,000 respectively. 

Below is the segmented area list of average rents in Lahore city:

Popular Areas Average Rent (5 Marla) Average Rent (10 Marla) Average Rent (1 Kanal)
DHA 54,000 95,000 167,000
Bahria Town  42,000 63,000 114,000
Johar Town  47,000 71,000 160,000
Model Town 43,000 76,000 151,000
Allama Iqbal Town  43,000 76,000 174,000
Paragon City 35,000 61,000 94,000
Gulberg 37,000 127,000 221,000
EME Society 46,000 67,000 122,000
Wapda Town 43,000 67,000 122,000

Houses for Rent in Islamabad

The federal capital of Pakistan, Islamabad, was named the world’s most beautiful capital in 2021. Moreover, it was rated as the second safest city in Southern Asia, with a safety index of 70.85. Inarguably, Islamabad is the most preferred city to live in for most Pakistanis as well as foreigners residing in Pakistan. 

However, the mean property price in Islamabad is the highest. This is disappointing news for low-budget tenants, but graana.com still has some great rental options that may fall within your budget if you find an affordable house for rent in Islamabad. The average rent in Islamabad’s middle-class areas ranges between 15,000-20,000 PKR for single accommodations and between 30,000-50,000 PKR for portions or complete houses.

Following is a list of average rents of houses in Islamabad/Rawalpindi:

Popular Areas Average Rent (5 Marla) Average Rent (10 Marla) Average Rent (1 Kanal)
Ghauri Town 30,000 40,000 70,000
Airport Housing Society 35,000 50,000 85,000
PWD 40,000 60,000 85,000
Bahria Town  60,000 90,000 130,000
G-13 60,000 100,000 150,000
G-14 50,000 80,000 120,000
DHA 45,000 75,000 130,000

Houses for Rent in Karachi

The flourishing artistic and touch that dwelled into the modern city life never fascinates visitors, ex-pats, and foreigners coming to Karachi. It is a city that offers both diversity and opportunity. Like other necessities of life, the rents of houses in Karachi are slightly more affordable than both Islamabad and Lahore. 

If you are planning to shift, explore hundreds of budget houses for rent in Karachi on Graana’s web portal to find the one that best matches your requirements.

To find a good house for rent in Karachi, you need to have a minimum of 20,000 PKR budget. If you are a student or working professional finding a single-person accommodation, then even 5-7 thousand PKR are sufficient to find you a shared space in Karachi. 

Houses for Rent in Faisalabad 

Faisalabad is the third most populous city of Pakistan. It is known as the Manchester of Pakistan due to its thriving textile industry. The average rent of single accommodation in Faisalabad varies between 15,000 to 25,000 PKR. The best way to find budget houses for rent in Faisalabad is by exploring the vast database of options on Graana.com’s search listings. 

Houses for Rent in Multan

Known as the “City of Saints”, Multan’s atmosphere is settled into a blissful touch of culture and an enlightening eminence of spirituality. Multan is an emerging cultural and economic hub owing to its firmly growing real estate market.

If you are looking for a rental property in Multan, it is ideal for local and foreign investors comparing the rates in different areas and then choose an option that best suits your need. Graana.com has an extensive listing of houses for rent in Multan that will assist you in making the right decision. 

Most of the housing communities in Multan have a varying range of comforts and luxuries available for their rental properties. Consequently, the prices vary based on the area location, amenities, house size, etc.

However, when finding a house for rent in Multan, you must keep an average budget of 10 to 40 thousand depending on the level of amenities you are comfortable with. 

Some facts about Multan’s rental values are as follows:

  • To rent a 5 marla house, you need to have a PKR 7 to 30 thousand budget.
  • For an 8 marla house, you should consider keeping between PKR 10 to 40 thousand.
  • The rents of a 10 marla house range between PKR 16 to 60 thousand. 

 

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