Many people do keep bees in the suburbs, though regulations on beekeeping apply in some suburban areas.
We recommend you check with the relevant local authorities (eg: council, state agricultural body) to find out what's required in your jurisdiction before you set up a new hive.
It can also be useful to consult within your neighbours they have any issues with a beehive being close to their property.
Suggested reading: Where do I locate my Flow Hive?