Lahore is one of the bustling cities of Pakistan. Lahore’s population has grown over the past two decades, and rental prices are increasing due to high housing demand and inflation in Pakistan. Finding affordable rental properties in the best areas is challenging and time-consuming. It needs attention to detail, such as rent, facilities and amenities, security, connection with major roads, etc. It would help if you explored neighbourhoods offering affordable residential rental properties without compromising quality of life.
The real estate sector of Lahore is evolving at a fast pace. Construction of new and modern housing societies takes place at a rapid rate due to rising demand. Some societies are way too expensive to provide a luxurious lifestyle to an affluent community in Pakistan. Whether you are a young professional, a middle-income family, or a student, there are always the best and most affordable housing societies options available that provide all the necessary facilities to live a comfortable life.
In this article, we will explore the four best and cheapest rental areas in Lahore that you can consider. All of these areas have unique characteristics and advantages. So, you have options to choose according to your preferences.
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DHA Phase 1
DHA is the most prestigious housing society in Pakistan. It is well known because of its modern infrastructure, top-notch facilities and amenities, and it offers a luxurious lifestyle to its residents. Selling property prices are so high, but rental residential property prices are still affordable.
DHA Lahore is divided into several phases. Phase 1 is located in the southwestern part of Lahore and is connected by major roads such as Ferozepur Road. The locality is close to the commercial hub of Lahore. Both factors, convenient lifestyle and affordability of rental properties, further improve its appeal among renters.
DHA Phase 1 provides all necessary and contemporary facilities and amenities like parks, mosques, and community centres. Markets in Phase 1 are famous shopping centres among Lahore’s citizens. Not only this, it also offers eateries with various cuisines and other services that make residents’s lives more comfortable. Many popular schools like Lahore American School and The Lyceum are located in its vicinity. Several clinics and Defense medical centres are accessible within minutes in an emergency.
Like other housing societies, it offers various rental properties in different locations, such as houses and apartments. The rents are affordable in DHA Phase 1 compared to the new phases. You can easily find a 1-bedroom apartment within 35k PKR. A tiny house can cost you 40k PKR per month. Depending on location, a large house with multiple rooms can cost you between 60K to 90K PKR.
DHA Phase 1 suits people who prefer a convenient and peaceful lifestyle. 24/7 security surveillance makes it preferable among people who like a secure environment for their families.
Ferozepur Road
Ferozepur Road is one of the major roads in Lahore, stretching from the centre to the outskirts. Model Town and Garden Town are affordable housing societies located along Ferozepur Road. These residential areas have easy access to the central and peripheral regions of the city. The location is ideal for working professionals or students who travel daily to the central city, business sectors, hospitals and other significant developments.
Ferozepur is not only a housing society but also a place to find all kinds of necessities like shops, markets, restaurants, parks, sports complexes, and recreational spaces. Proximity to educational institutes such as Aitchison College and Lahore Grammer School further enhances its appeal. Meanwhile, reputed hospitals like Shalimar Hospital provide the best medical services and are easily accessible.
Rental prices are competitive among housing societies, but on average, a 1-bedroom apartment is available within 25k PKR. Prices may vary according to housing societies, location, and distance from main roads. Large houses can cost you between 60k and 90k per month. A 5-Marla house is enough for a small middle-income family, usually costing 35k to 40k PKR.
Ferozepur Road and nearby housing societies are bustling due to massive commercial activities, providing a vibrant atmosphere. The availability of all necessary amenities and affordability of rental properties make it an attraction for renters.
Johar Town
Johar Town is the oldest and most prestigious housing society in Lahore. It is located in the eastern part of Lahore. It has a well-planned infrastructure and the best facilities and amenities but still offers affordable rental options. Johar Town has easy access to commercial centres and major roads. It is a preferable choice for young students and professionals.
Facilities like shopping malls, restaurants, educational institutes, healthcare institutes, parks, and recreational spots are available. A significant healthcare centre named Shaukat Khanum Memorial Cancer Hospital is accessible within a short drive. Johar Town is the hub of standard schools, such as the International School of Lahore and Lahore American School.
Johar Town offers various rental residential properties. 1-bedroom apartments can cost you between 30K PKR to 40K PKR. Large houses with multiple rooms cost you between 50K PKR and 85K PKR. The rental prices vary depending on location, facilities and amenities. It is a preferable choice among people looking for budget-conscious renters.
Johar Town is a residential and commercial space that provides a balanced lifestyle. Easy access to various amenities makes resident life easy and convenient. Well-maintained parks, recreational spaces, sports complexes and other additional facilities enhance its appeal.
Bahria Town
Bahria is one of the best housing societies in Pakistan. In Lahore, the residential area is located on its outskirts. It is away from the hustle and bustle of the city, offering a peaceful and calm atmosphere. Planned infrastructure, upscale living and availability of all facilities improve its availability. Some phases of Bahria Town offer affordable rental properties compared to others.
Like premium housing societies, it offers shopping centres, well-maintained parks, sports complexes, schools and educational institutes. Various environmental options, such as cinemas and eateries, are available within the vicinity. These modern facilities provide a luxurious living experience.
Famous educational institutes such as Bahria Town School and College and Roots Millennium School are part of society. Several private clinics and famous hospitals like Bahria Town International Hospital are easily approachable. They offer comprehensive medical services.
It is unbelievable, but rental properties are affordable in some phases. A one-bedroom apartment can cost you 28K PKR. Multiple-story houses for large families are available from 50k to 90k per month. Rental prices may vary according to phases, location, and property size. Competitive rental prices, security, and comfort are the main attractions of Bahria Town, Lahore.