Flats on Rent in Parel

402 verified properties · updated daily since 1993
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All BHK 1 BHK 2 BHK 3 BHK 4 BHK 5+ BHK
📍 Popular areas in Parel
G.D. Ambedkar Marg 70Jerbai Wadia Road 58Dr. Babasaheb Ambedkar 51Jeribai Wadia Road 29
5 BHK Lodha Primo in Parel For Rent
₹ 50,000/mo
5 BHK Lodha Primo
📍 Close to ITC Grand Central, Dr Earnest Borges Rd, Parel
🛏️ 5 BHK 🛋️ Semi-Furnished

Discover this exquisite 5 BHK property located in the prestigious Lodha Primo at Parel. Spanning an optimized layout, this semi-furnished residence is perfectly suited for modern living. Available on Rent for Rs. 50,000/month, featuring 1 Open parking.

🕒 Updated 29 May 2026
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4 BHK L&T Crescent Bay in Parel For Rent
₹ 5 Lac/mo
4 BHK L&T Crescent Bay
📍 Jerbai Wadia Road, Parel
🛏️ 4 BHK 🛋️ Fully Furnished

Discover this exquisite 4 BHK property located in the prestigious L&T Crescent Bay at Parel. Spanning an optimized layout, this fully furnished residence is perfectly suited for modern living. Available on Rent for Rs. 500,000/month, featuring 1 Open parking.

🕒 Updated 29 May 2026
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5 BHK L&T Crescent Bay in Parel For Rent
₹ 3 Lac/mo
5 BHK L&T Crescent Bay
📍 Jerbai Wadia Road, Parel
🛏️ 5 BHK 🛋️ Semi-Furnished

Discover this exquisite 5 BHK property located in the prestigious L&T Crescent Bay at Parel. Spanning an optimized layout, this semi-furnished residence is perfectly suited for modern living. Available on Rent for Rs. 300,000/month, featuring 2 parking.

🕒 Updated 29 May 2026
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2 BHK Bhavya Supreme in Parel For Rent
₹ 42,000/mo
2 BHK Bhavya Supreme
📍 GD Ambekar Marg, Parel Village, Sindhu Nagar,, Parel
🛏️ 2 BHK 🛋️ Semi-Furnished

Discover this exquisite 2 BHK property located in the prestigious Bhavya Supreme at Parel. Spanning an optimized layout, this semi-furnished residence is perfectly suited for modern living. Available on Rent for Rs. 42,000/month, featuring 1 Open parking.

🕒 Updated 29 May 2026
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5 BHK Lodha Aria in Parel For Rent
₹ 1.5 Lac/mo
5 BHK Lodha Aria
📍 Near Dosti Flamingos and Ashok Garden, Parel
🛏️ 5 BHK 🛋️ Semi-Furnished

Discover this exquisite 5 BHK property located in the prestigious Lodha Aria at Parel. Spanning an optimized layout, this semi-furnished residence is perfectly suited for modern living. Available on Rent for Rs. 150,000/month, featuring 1 Open parking.

🕒 Updated 29 May 2026
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2 BHK Crescent Bay Tower 3 in Parel For Rent
₹ 1.9 Lac/mo
2 BHK Crescent Bay Tower 3
📍 Jerbai Wadia Road, Near Mahatma Phule Education Society, Parel
🛏️ 2 BHK 📐 750 sqft 🛋️ Fully Furnished

Discover this exquisite 2 BHK property located in the prestigious Crescent Bay Tower 3 at Parel. Spanning an optimized 750 sq.ft. of carpet space, this fully furnished residence is perfectly suited for modern living. Available on Rent for Rs. 190,000/month, featuring 1 Open parking.

🕒 Updated 28 May 2026
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📊 Property rates in Parel

Apartments — buy₹50,000–100,000/sqft
1 BHK — rent₹55,000–1 Lac/mo
2 BHK — rent₹1 Lac–2.2 Lac/mo
3 BHK — rent₹2.2 Lac–4.4 Lac/mo
Commercial — lease₹130–290/sqft
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Updated May 2026 · Real Estate Mumbai research

📰 News about Parel

About flats on rent in Parel

Parel is an emerging residential micro-market within the broader mill-land redevelopment belt that also includes Lower Parel and Worli. The area is undergoing a significant transformation — heritage textile mills are being converted into premium residential and commercial complexes, bringing luxury housing to a historically working-class neighbourhood with some of Mumbai's best central connectivity.

Elphinstone Road and Parel stations on the Western Railway are within the neighbourhood. The Eastern Freeway on-ramp connects to BKC and Fort within 15 minutes. Key institutions in the area include KEM Hospital — Maharashtra's largest government hospital — the International Institute of Population Sciences, and several engineering colleges that give Parel an academic character alongside its industrial heritage.

New residential developments in Parel are primarily in the premium to ultra-premium range, with most projects offering 2-4 BHK apartments. The area attracts professionals seeking a central address with good connectivity, and investors drawn by the ongoing premium development. Real Estate Mumbai has been tracking the Parel transformation closely since 1993 and offers informed advisory for this evolving market.

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Luxury Living Elevated: New Malabar Hill Redevelopment Project
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