Walkeshwar
See 3 buildings →3buildings in budget
2 BHK100% of them
~1,050sq ft typical, up to ~1,240
Typical rent here: ₹2.5 lakh a month
Most premium buildings in budget
Nishat4 in budget · ₹262/sq ftREM Private Leasing Desk · Budget guide
What ₹3 lakh a month rents in South Mumbai
Every luxury home we list at ₹1.5–3 lakh a month in South Mumbai — the top half of a ₹3 lakh budget — locality by locality, with the most premium buildings the budget reaches.
44buildings to choose from at ₹1.5–3 lakh, listed in the last 30 days
7localities with real choice
1995leasing Mumbai homes since
Tell the desk your budget and route — we shortlist privately and arrange the viewings.
As of 26 September 2026, Real Estate Mumbai has 44 buildings with homes at ₹1.5–3 lakh a month in South Mumbai, listed in the last 30 days. The most choice is in Mahalaxmi (7 buildings, mostly 2 BHK), Breach Candy (6 buildings, mostly 2 BHK) and Byculla (6 buildings, mostly 3 BHK). ₹3 lakh goes furthest in Peddar Road, where a home at this budget is typically about 1,200 sq ft.
Along the route
What ₹3 lakh gets you, locality by locality
Buildings with homes at ₹1.5–3 lakh a month, in route order. Sizes are the typical and the larger end of what is live today.
Nepeansea Road
See 5 buildings →5buildings in budget
2 BHK88% of them
~910sq ft typical, up to ~1,370
Typical rent here: ₹2.02 lakh a month
Most premium buildings in budget
Sagar Kunj3 in budget · ₹212/sq ftDariya Mahal1 in budget · ₹179/sq ftSimla House1 in budget · ₹147/sq ftPeddar Road
See 5 buildings →5buildings in budget
2 BHK92% of them
~1,200sq ft typical, up to ~1,200
Typical rent here: ₹2.5 lakh a month
Most premium buildings in budget
Sukh Shanti6 in budget · ₹208/sq ftBreach Candy
See 6 buildings →6buildings in budget
2 BHK64% of them
~1,060sq ft typical, up to ~1,180
Typical rent here: ₹2.75 lakh a month
Most premium buildings in budget
Shankar mahal2 in budget · ₹238/sq ftTardeo
See 5 buildings →5buildings in budget
3 BHK75% of them
~1,200sq ft typical, up to ~1,430
Typical rent here: ₹2.67 lakh a month
Most premium buildings in budget
Orbit Heights1 in budget · ₹250/sq ftHeera Panna4 in budget · ₹238/sq ftAditya Heights1 in budget · ₹214/sq ftMahalaxmi
See 7 buildings →7buildings in budget
2 BHK58% of them
~820sq ft typical, up to ~1,450
Typical rent here: ₹2.35 lakh a month
Byculla
See 6 buildings →6buildings in budget
3 BHK56% of them
~1,080sq ft typical, up to ~1,440
Typical rent here: ₹1.9 lakh a month
Most premium buildings in budget
Piramal Aranya Ahan5 in budget · ₹194/sq ftPiramal Aranya46 in budget · ₹190/sq ftPiramal Aranya Arav9 in budget · ₹183/sq ftAlso a building or two in Colaba (1), Cuffe Parade (3), Kemps Corner (1), Grant Road (1), Mumbai Central (1).
How we measure: live residential homes with photos, at ₹1.5–3 lakh a month. "Most premium" ranks buildings by their median rent per square foot across at least 5 live homes, and lists only buildings with a home inside this budget. Typical size is the median; "up to" is the 90th percentile. A locality needs at least 5 homes to get a card. Data as of 26 September 2026; the same figures are published as open data (JSON).
By area
₹3 lakh a month in other areas
Available now
Every building in South Mumbai at ₹1.5–3 lakh
Showing 25–44 of 44 buildings
Last updated 21 Sep 2026
Tardeo
Heera Panna
3 BHK1,400 sq ftSemi-Furnished
₹2.7 Laca month
Hajiali
Updated 21 Sep 2026
+3 more in this building
Cuffe Parade
Atur Terraces
3 BHK1,650 sq ftSemi-Furnished
₹3 Laca month
Captain Prakash Pethe Marg
Updated 20 Sep 2026
Mahalaxmi
Prestige Jasdan Classic
3 BHK1,400 sq ftSemi-Furnished
₹3 Laca month
NM Joshi Marg
Updated 20 Sep 2026
+2 more in this building
Tardeo
Orbit Heights
2 BHK910 sq ftMiddle floor
₹2 Laca month
Javji Dadaji Marg, Nana Chowk
Updated 19 Sep 2026
Breach Candy
Beach View
2 BHK900 sq ftFully Furnished
₹2 Laca month
Bhulabhai Desai Marg
Updated 19 Sep 2026
Breach Candy
Shankar mahal
3 BHK1,000 sq ftFully Furnished
₹2.8 Laca month
Sophia College Lane, Cumballa Hill
Updated 18 Sep 2026
Nepeansea Road
Jogani Apartment
2 BHK800 sq ft
₹2.62 Laca month
Dungarsi Cross lane Teen Batti Malabar Hill
Updated 16 Sep 2026
Nepeansea Road
Simla House
3 BHK1,700 sq ftSemi-Furnished
₹2.25 Laca month
Malabar Hill
Updated 16 Sep 2026
Mahalaxmi
Lodha Primero
2 BHK850 sq ftSemi-Furnished
₹2 Laca month
NM Joshi Marg
Updated 12 Sep 2026
+2 more in this building
Mahalaxmi
Belvedere Court
3 BHK1,565 sq ftSemi-FurnishedHigher floor
₹3 Laca month
Sane Guruji Marg, RTO Colony
Updated 9 Sep 2026
Byculla
Piramal Aranya Ahan
3 BHK920 sq ftSemi-Furnished
₹1.6 Laca month
Near byculla zoo
Updated 8 Sep 2026
+2 more in this building
Tardeo
Aditya Heights
3 BHK1,200 sq ftSemifurnished
₹2.5 Laca month
Sant Veer Meghmaya Rd,Dadal Estate, Bane Compound
Updated 2 Sep 2026
Peddar Road
Sunita Apartment
2 BHK850 sq ftFully Furnished
₹1.55 Laca month
Bomanji Petit Marg
Updated 2 Sep 2026
Grant Road
Akruti Aditya
2 BHK810 sq ftHigher floor
₹1.8 Laca month
Jehangir Daaji St, Zoroastrian Colony
Updated 2 Sep 2026
Tardeo
Enterprise Apartment
2.5 BHK1,100 sq ft
₹2.65 Laca month
Forjett Hill Road, Gamadia Colony Road
Updated 27 Aug 2026
Nepeansea Road
Dariya Mahal
2 BHK922 sq ft
₹1.65 Laca month
Jain Mandir, Malabar Hill
Updated 27 Aug 2026
For owners
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Questions
Frequently asked questions
What does ₹3 lakh a month rent in South Mumbai?
At ₹1.5–3 lakh a month we have 44 buildings to choose from in South Mumbai today. The deepest choice is in Mahalaxmi (7 buildings, mostly 2 BHK), Breach Candy (6 buildings, mostly 2 BHK) and Byculla (6 buildings, mostly 3 BHK).
Where does ₹3 lakh go furthest in South Mumbai?
In Peddar Road a home at this budget is typically about 1,200 sq ft; in Mahalaxmi it is about 820 sq ft. Sizes are the median of the live homes at ₹1.5–3 lakh.
Which buildings are best for a ₹3 lakh budget in South Mumbai?
Measured by rent per square foot over at least 5 live homes, the most premium buildings with homes in this budget include Nishat (Walkeshwar), Sagar Kunj (Nepeansea Road), Sukh Shanti (Peddar Road) and Shankar mahal (Breach Candy).
REM Private Leasing Desk
Tell us your budget, we do the searching
Share your budget, route and move-in date. The desk comes back with a private, matched shortlist — including homes that are not advertised — and arranges the viewings around you.
