Looking for an Affordable Place to Live in Dhaka? Here is our 5 Top Affordable Places in Dhaka, Bangladesh

When looking for a place in Dhaka, money is a major concern for most people. Because living in Dhaka is very expensive. A place on low budget that you can buy is hardly to find. While a lucky few can afford a house and a lavish lifestyle, around 80%—the vast majority of us—have to manage our finances carefully just to get by. In Bangladesh, especially in Dhaka, this is true indeed. We are working hard to make ends meet, and the single largest expense eating into our paychecks is almost always house rent, which accounts for the largest share of our monthly income.

Reducing house rent is a key strategy for lowering expenses and increasing savings. However, some individuals may be unwilling to live in underdeveloped areas due to their status and needs. Others are put off by the idea of living far from the city center, worried about long commutes and not having easy access to the marketplace. You might be surprised to learn that you don't have to sacrifice a great location for an affordable home. Our goal is to help you find a well-designed house in affordable places to live in Dhaka that offer both comfort and convenience.

Here are the top five most affordable places to live in Dhaka, based on a mix of low rent and good amenities.

5. Mirpur

Mirpur is one of Dhaka's oldest neighborhoods. It used to be known for its very low prices, making it a go-to spot for people on a budget. Over time, Mirpur has developed significantly and now features many popular schools, restaurants, and shopping centers. Due to this growth, rent prices have gone up, but it's still more affordable than areas like Banani. Yet you can find low budget apartment here.

Mirpur's biggest advantage is that it's a self-contained community where you can find almost everything you need nearby, reducing the need for travel. When you do need to go elsewhere, Mirpur has excellent public transport. For modern and fast travel, it is served by several metro stations, including Mirpur 10, Mirpur 11, Kazipara, and Shewrapara.

4. Mohammadpur

Just like Mirpur, Mohammadpur has long been home to families in Dhaka managing tight budgets. It has also seen significant development over the years, boosting the popularity of housing options and, as a result, raising rental costs. Fortunately, nearby areas like Shyamoli, Adabor, and Dhaka Uddyan have evolved into commercial hubs. With many corporate and retail businesses now based there, Mohammadpur stands out as a budget-friendly place in Dhaka that helps residents avoid the stress of commuting through heavy traffic. This strategic advantage gives Mohammadpur an edge over Mirpur, placing it slightly higher in terms of both affordability and convenience.

3. Malibagh

Malibagh is ranked higher than both Mirpur and Mohammadpur because the rent is generally much lower. While the area itself is still developing and might not offer a modern lifestyle on its own, it's surrounded by convenient spots. From Malibagh, you can easily get to the marketplaces in Rampura, the famous Mouchak Market, and even the central railway station in Kamlapur. It’s easy access to key locations makes it a very practical and affordable place to live in Dhaka.

2. Jatrabari

Jatrabari is located on the outskirts of Dhaka, which is far from a remote area. It’s one of the busiest places, giving you easy access to the Bongshal, sports shops in the stadium market, and combining the famous Gulisthan markets of Dhaka. Many people who work in the Motijheel business district choose to live in Jatrabari to shorten their daily commute. Since Jatrabari is outside the main city, the rent is much lower. It can be a good choice for those who frequently travel outside of Dhaka. If you're searching for affordable places to live in Dhaka that still offer great connectivity, Jatrabari deserves serious consideration.

1. Hazaribag

Last but not least! Everyone knows that a decade ago, Hazaribag was an expensive area because it was close to a high-end neighborhood called Dhanmondi. However, when the government moved the tanneries out of the area, a large amount of space became available. This caused housing prices to drop significantly, making it one of the most cost-effective low budget places to live in Dhaka.

Hazaribag is still close to many important locations like Dhanmondi, New Market, and Azimpur. It is very convenient for people who work in Mohammadpur. While it may not have many bus stops, you can easily walk or take a short rickshaw ride to nearby areas like Azimpur, where you can find transport to almost anywhere in Dhaka. Though it doesn't have its own metro station, it's very close to the Dhaka University and Shahbagh stations, which can be reached via a short rickshaw ride or a walk. It also provides easy access to the historical sites of Lalbagh Fort and Ahsan Manzil. Where you can spend quality time with your family. Isn’t it a prime location on low budget?

Conclusion

We've researched with our team to highlight areas that perfectly balance low cost with convenience, so you can find the ideal home without breaking your budget. While there are other affordable places to live in Dhaka, these five locations offer the best combination of low rent and convenience. They give you the most bang for your buck, making them excellent choices for anyone looking to save money without sacrificing access to the city's key areas.