5 BHK Flats on Rent in Parel

3 verified properties · updated daily since 1995

14 listed in the last 3 days latest 16 hours ago 3 BHK, 2 BHK

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All BHK 1 BHK 2 BHK 3 BHK 4 BHK 5+ BHK

📍 Popular areas in Parel

Jerbai Wadia Road 106 Jeribai Wadia Road 59 Dr. Babasaheb Ambedkar 58 G.D. Ambedkar Marg 42 Dr. S. S. Rao Road 28

For Rent

Kalpataru Avana, Parel

🛏️ 5 BHK 📐 2450 sqft 🛋️ Semi-Furnished

₹ 7 Lac/mo

📍 Near ITC Grand Central

A standout 5 BHK home awaits at Kalpataru Avana, Parel — moments from excellent rail connectivity. It comes semi-furnished, with 2,450 sq.ft. of carpet space, and Open parking on offer. Move-in ready at ₹7 Lac with a deposit of ₹21 Lac; reach out for an inspection.

🕒 Updated 16 Jun 2026

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For Rent

Kalpataru Avana, Parel

Added 50 days ago

🛏️ 5 BHK 📐 2455 sqft 🛋️ Semi-Furnished

₹ 5.3 Lac/mo

📍 Near ITC Grand Central

Live well in Parel — this 5 BHK home at Kalpataru Avana sits close to Phoenix and Kamala Mills nearby. Expect a semi-furnished interior across 2,455 sq.ft, and Open parking on offer. On offer for ₹5.30 Lac per month with a deposit of ₹15.90 Lac. Enquire to schedule a visit.

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For Rent

Kalpataru Avana, Parel

🛏️ 5 BHK 📐 2700 sqft 🛋️ Semi-Furnished

₹ 7 Lac/mo

📍 Near ITC Grand Central

Live well in Parel — this 5 BHK home at Kalpataru Avana sits close to Phoenix and Kamala Mills nearby. Expect a semi-furnished interior across 2,700 sq.ft, and Open parking on offer. Available now on rent at ₹7 Lac with a deposit of ₹21 Lac — arrange a viewing today.

🕒 Updated 11 Jun 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 1995 and offers informed advisory for this evolving market.

Frequently asked questions in Parel

How many 5 BHK flats for rent are available in Parel?

There are 3 verified 5 BHK 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 3 verified 5 BHK flats for rent currently available. Browse real photos and connect directly on WhatsApp with Real Estate Mumbai, trusted since 1995.