5000 per month migt not be that good. If you can look a little farther you will find very good 3BHKs for 12000. Grab your friends and take it up. 1500 sq ft houses have newly come up
All these areas near Tidel Park and Airport are slowly growing because of students. Cheran Ma Nagar is a calm and quiet place. You should get a small 2 BHK for 5000 Rs. Do consider getting vehicles.