For Rent
₹ 1.2 Lac/mo
📍 Jeribai Wadia Road, Parel
🛏️ 2 BHK
📐 770 sqft
🛋️ Unfurnished
🕒 Updated 03 Jun 2026
Flats on Rent in Parel
311 verified properties · updated daily since 1993
📍 Popular areas in Parel
For Rent
For Rent
For Rent
₹ 1.75 Lac/mo
📍 G.D. Ambedkar Marg,, Parel
🛏️ 3 BHK
📐 1172 sqft
🛋️ Fully Furnished
🕒 Updated 03 Jun 2026
For Rent
₹ 2.5 Lac/mo
📍 Dr. S. S. Rao Road,, Parel
🛏️ 3 BHK
📐 1329 sqft
🛋️ Semi Furnished
🕒 Updated 02 Jun 2026
For Rent
₹ 3 Lac/mo
📍 Jerbai Wadia Road, Parel
🛏️ 3 BHK
📐 1800 sqft
🛋️ Semi Furnished
🕒 Updated 02 Jun 2026
For Rent
₹ 3.25 Lac/mo
📍 Jerbai Wadia Road, Parel
🛏️ 3 BHK
📐 2100 sqft
🛋️ Semi Furnished
🕒 Updated 02 Jun 2026
For Rent
₹ 7 Lac/mo
📍 Near ITC Grand Central, Parel
🛏️ 5 BHK
📐 2700 sqft
🛋️ Semi Furnished
🕒 Updated 02 Jun 2026
For Rent
₹ 63,000/mo
📍 Jerbai Wadia Rd, Near Ruparel Ariana, Bhoiwada, , Parel
🛏️ 1 BHK
📐 368 sqft
🛋️ Fully Furnished
🕒 Updated 02 Jun 2026
For Rent
₹ 1 Lac/mo
📍 Dr. Babasaheb Ambedkar, Parel
🛏️ 2
📐 1010 sqft
🛋️ Fully Furnished
🕒 Updated 31 May 2026
For Rent
₹ 1 Lac/mo
📍 Jerbai Wadia Road, Parel
🛏️ 2 BHK
📐 850 sqft
🛋️ Semi-Furnished
🕒 Updated 31 May 2026
For Rent
₹ 2.2 Lac/mo
📍 Near Tata Hospital, Parel
🛏️ 3 BHK
🛋️ Semi-Furnished
🕒 Updated 31 May 2026
For Rent
₹ 4.35 Lac/mo
📍 G.D. Ambedkar Marg,, Parel
🛏️ 6 BHK
🛋️ Semi-Furnished
🕒 Updated 31 May 2026
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Parel flats for rent — price guide
There are 311 verified flats for rent in Parel on Real Estate Mumbai, updated daily with real photos, carpet area, prices and RERA details. Typical rent prices by configuration:
| Configuration | Listings | Typical range/mo | Median/mo |
|---|---|---|---|
| 1 BHK | 18 | ₹ 52,100 – ₹ 5.08 Lac/mo | ₹ 64,000/mo |
| 2 BHK | 88 | ₹ 1.08 Lac – ₹ 2 Lac/mo | ₹ 1.35 Lac/mo |
| 3 BHK | 163 | ₹ 1.5 Lac – ₹ 3.1 Lac/mo | ₹ 1.9 Lac/mo |
| 4 BHK | 13 | ₹ 2.92 Lac – ₹ 7 Lac/mo | ₹ 6.5 Lac/mo |
| 5 BHK | 14 | ₹ 4.61 Lac – ₹ 7 Lac/mo | ₹ 5.5 Lac/mo |
| 6 BHK | 11 | ₹ 4.35 Lac – ₹ 7 Lac/mo | ₹ 5.5 Lac/mo |
Ranges show the typical 10th–90th percentile of current listings; median is the mid-point. Outliers excluded.
📊 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
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.
Frequently asked questions in Parel
How many flats for rent are available in Parel?
There are 311 verified flats for rent in Parel on Real Estate Mumbai, updated daily with real photos, carpet area, prices and RERA details.
What is the monthly rent for a 2 BHK in Parel?
A 2 BHK flat in Parel typically rents for Rs. 100,000 to Rs. 220,000 per month, depending on furnishing, floor and the building.
Is Parel a good area to rent a flat in Mumbai?
Parel is an established Mumbai locality with 311 verified listings currently available. Browse real photos and connect directly on WhatsApp with Real Estate Mumbai, trusted since 1993.
