Flats on Rent in Parel

338 verified properties · updated daily since 1995

17 listed in the last 3 days latest 2 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 Dr. Babasaheb Ambedkar 59 Jeribai Wadia Road 59 G.D. Ambedkar Marg 42 Dr. S. S. Rao Road 28

For Rent

Crescent Bay, Parel

Added 23 days ago

🛏️ 4 BHK 📐 2900 sqft 🛋️ Semi-Furnished

₹ 4.5 Lac/mo

📍 Jerbai Wadia Road, Near Mahatma Phule Education Society

Tucked into Parel, this 4 BHK home at Crescent Bay pairs comfort with the corporate towers of central Mumbai. Offered semi-furnished, it measures 2,900 sq.ft, complete with 1 Open parking. Leasing at ₹4.50 Lac with a deposit of ₹13.50 Lac — a smart pick for Parel living.

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For Rent

Crescent Bay, Parel

Added 23 days ago

🛏️ 3.5 BHK 📐 2000 sqft 🛋️ Semi-Furnished

₹ 2.8 Lac/mo

📍 Jerbai Wadia Road, Near Mahatma Phule Education Society

Set in Crescent Bay, this 3.5 BHK home in Parel offers Phoenix and Kamala Mills nearby. Expect a semi-furnished interior across 2,000 sq.ft, complete with 1 Open parking. Available now on rent at ₹2.80 Lac with a deposit of ₹8.40 Lac — arrange a viewing today.

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For Rent

Kalpataru Habitat, Parel

Added 23 days ago

🛏️ 3 BHK 📐 1329 sqft 🛋️ Semi-Furnished

₹ 2.5 Lac/mo

📍 Dr. S. S. Rao Road

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For Rent

Ashok Tower, Parel

Added 24 days ago

🛏️ 3 BHK 📐 1550 sqft 🛋️ Semi-Furnished

₹ 3 Lac/mo

📍 Dr. Babasaheb Ambedkar

Set in Ashok Tower, this 3 BHK home in Parel offers Phoenix and Kamala Mills nearby. Expect a semi-furnished interior across 1,550 sq.ft, complete with 1 Open parking. Available now on rent at ₹3 Lac with a deposit of ₹9 Lac — arrange a viewing today.

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For Rent

Ashok Tower, Parel

Added 24 days ago

🛏️ 2 BHK 📐 800 sqft 🛋️ Semi-Furnished

₹ 1.8 Lac/mo

📍 Dr. Babasaheb Ambedkar

Set in Ashok Tower, this 2 BHK home in Parel offers Phoenix and Kamala Mills nearby. Expect a semi-furnished interior across 800 sq.ft, complete with 1 Open parking. Leasing at ₹1.80 Lac with a deposit of ₹5.40 Lac — a smart pick for Parel living.

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For Rent

Ashok Tower, Parel

Added 24 days ago

🛏️ 3 BHK 📐 1335 sqft 🛋️ Semi-Furnished

₹ 3.2 Lac/mo

📍 Dr. Babasaheb Ambedkar

Ashok Tower presents a thoughtfully laid-out 3 BHK home in Parel, near excellent rail connectivity. It comes semi-furnished, with 1,335 sq.ft. of carpet space, with 1 Open parking included. On offer for ₹3.20 Lac per month with a deposit of ₹9.60 Lac. Enquire to schedule a visit.

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For Rent

Crescent Bay, Parel

Added 24 days ago

🛏️ 3.5 BHK 📐 2000 sqft 🛋️ Semi-Furnished

₹ 2.8 Lac/mo

📍 Jerbai Wadia Road, Near Mahatma Phule Education Society

An inviting 3.5 BHK home in the heart of Parel at Crescent Bay, steps from the corporate towers of central Mumbai. Offered semi-furnished, it measures 2,000 sq.ft, and 1 Open parking on offer. Available now on rent at ₹2.80 Lac with a deposit of ₹8.40 Lac — arrange a viewing today.

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For Rent

Crescent Bay, Parel

Added 24 days ago

🛏️ 4 BHK 📐 2900 sqft 🛋️ Semi-Furnished

₹ 4.5 Lac/mo

📍 Jerbai Wadia Road, Near Mahatma Phule Education Society

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For Rent

Arihant Tower, Parel

Added 25 days ago

🛏️ 2 BHK 📐 900 sqft 🛋️ Semi-Furnished

₹ 1.15 Lac/mo

📍 G D Ambekar Marg, Sindhu Nagar

Welcome to Arihant Tower: a 2 BHK home in Parel, where residents enjoy the Worli-Lower Parel axis. The semi-furnished layout spans 900 sq.ft, with 1 Open parking included. Move-in ready at ₹1.15 Lac with a deposit of ₹3.45 Lac; reach out for an inspection.

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For Rent

Ruparel Ariana, Parel

Added 25 days ago

🛏️ 3 BHK 📐 1100 sqft 🛋️ Semi-Furnished

₹ 1.4 Lac/mo

📍 Jeribai Wadia Road

Crafted for modern living, this 3 BHK home in Ruparel Ariana, Parel, enjoys the Worli-Lower Parel axis. The semi-furnished layout spans 1,100 sq.ft, complete with 1 Open parking. Move-in ready at ₹1.40 Lac with a deposit of ₹4.20 Lac; reach out for an inspection.

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For Rent

Crescent Bay, Parel

Added 25 days ago

🛏️ 2 BHK 📐 830 sqft 🛋️ Semi-Furnished

₹ 1.6 Lac/mo

📍 Jerbai Wadia Road, Near Mahatma Phule Education Society

Crescent Bay presents a thoughtfully laid-out 2 BHK home in Parel, near excellent rail connectivity. It comes semi-furnished, with 830 sq.ft. of carpet space, with 2 parking included. Leasing at ₹1.60 Lac with a deposit of ₹4.80 Lac — a smart pick for Parel living.

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For Rent

Ashok Tower, Parel

Added 25 days ago

🛏️ 3 BHK 📐 1795 sqft 🛋️ Semi-Furnished

₹ 3.25 Lac/mo

📍 Dr. Babasaheb Ambedkar

Positioned in sought-after Parel, Ashok Tower offers a 3 BHK home near the Worli-Lower Parel axis. The semi-furnished layout spans 1,795 sq.ft, and 2 parking on offer. Leasing at ₹3.25 Lac with a deposit of ₹9.75 Lac — a smart pick for Parel living.

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Parel flats for rent — price guide

There are 338 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	9	₹ 50,000 – ₹ 74,000/mo	₹ 63,000/mo
2 BHK	136	₹ 1.05 Lac – ₹ 1.8 Lac/mo	₹ 1.48 Lac/mo
3 BHK	151	₹ 1.5 Lac – ₹ 3.25 Lac/mo	₹ 2.25 Lac/mo
4 BHK	33	₹ 3.52 Lac – ₹ 6 Lac/mo	₹ 4.5 Lac/mo
5 BHK	3	₹ 5.64 Lac – ₹ 7 Lac/mo	₹ 7 Lac/mo
6 BHK	6	₹ 4.35 Lac – ₹ 5.25 Lac/mo	₹ 4.67 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

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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 flats for rent are available in Parel?

There are 338 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 338 verified flats for rent currently available. Browse real photos and connect directly on WhatsApp with Real Estate Mumbai, trusted since 1995.

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Flats on Rent in Parel

Crescent Bay, Parel

Crescent Bay, Parel

Kalpataru Habitat, Parel

Ashok Tower, Parel

Ashok Tower, Parel

Ashok Tower, Parel

Crescent Bay, Parel

Crescent Bay, Parel

Arihant Tower, Parel

Ruparel Ariana, Parel

Crescent Bay, Parel

Ashok Tower, Parel

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Parel flats for rent — price guide

📊 Property rates in Parel

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