For Rent
₹ 1.25 Lac/mo
📍 Jeribai Wadia Road, Parel
🛏️ 2 BHK
📐 780 sqft
🛋️ Unfurnished
🕒 Updated 28 May 2026
Flats on Rent in Parel
86 verified properties · updated daily since 1993
📍 Popular areas in Parel
For Rent
For Rent
₹ 1.3 Lac/mo
📍 Eknath Ghadi Marg, Parmanand Wadi,, Parel
🛏️ 2 BHK
📐 1332 sqft
🛋️ Semi-Furnished
🕒 Updated 28 May 2026
For Rent
₹ 1.45 Lac/mo
📍 Jerbai Wadia Road, Parel
🛏️ 2 BHK
📐 850 sqft
🛋️ Semi-Furnished
🕒 Updated 28 May 2026
For Rent
₹ 40,000/mo
📍 Dr. B. A. Road, Parel
🛏️ 2 BHK
📐 450 sqft
🛋️ Semi-Furnished
🕒 Updated 28 May 2026
For Rent
₹ 2 Lac/mo
📍 Dr RK Shirodkar Marg, Parel
🛏️ 2 BHK
🛋️ Semi-Furnished
🕒 Updated 26 May 2026
For Rent
₹ 1.35 Lac/mo
📍 6, GD Ambekar Marg, Parel Village, Bhoiwada, Parel
🛏️ 2 BHK
🛋️ Semi-Furnished
🕒 Updated 26 May 2026
For Rent
₹ 2.1 Lac/mo
📍 Dr. Babasaheb Ambedkar, Parel
🛏️ 2 BHK
📐 1400 sqft
🛋️ Fully Furnished
🕒 Updated 26 May 2026
For Rent
₹ 95,000/mo
📍 Jeribai Wadia Road, Parel
🛏️ 2 BHK
📐 780 sqft
🛋️ Semi-Furnished
🕒 Updated 26 May 2026
For Rent
₹ 1.45 Lac/mo
📍 Jerbai Wadia Road, Parel
🛏️ 2 BHK
📐 730 sqft
🛋️ Semi-Furnished
🕒 Updated 26 May 2026
For Rent
₹ 1.3 Lac/mo
📍 Eknath Ghadi Marg, Parmanand Wadi,, Parel
🛏️ 2 BHK
📐 850 sqft
🛋️ Semi-Furnished
🕒 Updated 26 May 2026
For Rent
₹ 1.45 Lac/mo
📍 Jerbai Wadia Road, Parel
🛏️ 2 BHK
📐 950 sqft
🛋️ Semi-Furnished
🕒 Updated 26 May 2026
For Rent
₹ 1.45 Lac/mo
📍 Jerbai Wadia Road, Parel
🛏️ 2 BHK
📐 850 sqft
🛋️ Unfurnished
🕒 Updated 26 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
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.
