Flats on Rent in Parel

334 verified properties ยท updated daily since 1993
5 BHK Citi Tower in Parel For Rent
โ‚น 4.55 Lac/mo
5 BHK Citi Tower
๐Ÿ“ 61, Dr SS Rao Road, Parel
๐Ÿ›๏ธ 5 BHK ๐Ÿ“ 2600 sqft ๐Ÿ›‹๏ธ Semi-Furnished

Citi Tower offers a versatile commercial space in Parel, with the Worli-Lower Parel axis at the doorstep. The semi-furnished layout spans 2,600 sq.ft.. Move-in ready at โ‚น4.55 Lac with a deposit of โ‚น27.30 Lac; reach out for an inspection.

๐Ÿ•’ Updated 06 May 2025
3 BHK Runwal Nirvana in Parel For Rent
โ‚น 1.7 Lac/mo
3 BHK Runwal Nirvana
๐Ÿ“ 6, GD Ambekar Marg, Parel Village, Bhoiwada, Parel
๐Ÿ›๏ธ 3 BHK ๐Ÿ“ 1330 sqft ๐Ÿ›‹๏ธ Semi-Furnished

Positioned in sought-after Parel, Runwal Nirvana offers a 3 BHK home near the Worli-Lower Parel axis. The semi-furnished layout spans 1,330 sq.ft, and Open Reserved parking on offer. Leasing at โ‚น1.70 Lac with a deposit of โ‚น8 Lac โ€” a smart pick for Parel living.

๐Ÿ•’ Updated 05 May 2025
2 BHK Ashok Tower in Parel For Rent
โ‚น 1.7 Lac/mo
2 BHK Ashok Tower
๐Ÿ“ Dr. Babasaheb Ambedkar, Parel
๐Ÿ›๏ธ 2 BHK ๐Ÿ“ 800 sqft ๐Ÿ›‹๏ธ Semi-Furnished ๐Ÿข 10+ flr

Discover space and light in this 2 BHK home at Ashok Tower, Parel โ€” close to Phoenix and Kamala Mills nearby. Expect a semi-furnished interior across 800 sq.ft, with Open Reserved parking included. Yours to rent at โ‚น1.70 Lac with a deposit of โ‚น6.80 Lac. Book a viewing at your convenience.

๐Ÿ•’ Updated 01 May 2025
3 BHK Runwal Nirvana in Parel For Rent
โ‚น 1.85 Lac/mo
3 BHK Runwal Nirvana
๐Ÿ“ 6, GD Ambekar Marg, Parel Village, Bhoiwada, Parel
๐Ÿ›๏ธ 3 BHK ๐Ÿ“ 1300 sqft ๐Ÿ›‹๏ธ Semi-Furnished

Tucked into Parel, this 3 BHK home at Runwal Nirvana pairs comfort with the corporate towers of central Mumbai. It comes semi-furnished, ready to move in, complete with Open Reserved parking. Yours to rent at โ‚น1.85 Lac with a deposit of โ‚น7.40 Lac. Book a viewing at your convenience.

๐Ÿ•’ Updated 29 Apr 2025
2 BHK Ruparel Ariana in Parel For Rent
โ‚น 1.2 Lac/mo
2 BHK Ruparel Ariana
๐Ÿ“ Jeribai Wadia Road, Parel
๐Ÿ›๏ธ 2 BHK ๐Ÿ“ 840 sqft ๐Ÿ›‹๏ธ Semi-Furnished ๐Ÿข Higher flr

Live well in Parel โ€” this 2 BHK home at Ruparel Ariana sits close to Phoenix and Kamala Mills nearby. Expect a semi-furnished interior across 840 sq.ft.. Move-in ready at โ‚น1.20 Lac with a deposit of โ‚น4.80 Lac; reach out for an inspection.

๐Ÿ•’ Updated 22 Mar 2025
2 BHK Ashok Tower in Parel For Rent
โ‚น 2.1 Lac/mo
2 BHK Ashok Tower
๐Ÿ“ Dr. Babasaheb Ambedkar, Parel
๐Ÿ›๏ธ 2 BHK ๐Ÿ“ 920 sqft ๐Ÿ›‹๏ธ Fully Furnished ๐Ÿข Middle flr

This 2 BHK home at Ashok Tower brings Parel living within reach of excellent rail connectivity. Set on the Middle floor, it comes fully furnished, with 920 sq.ft. of carpet space. Leasing at โ‚น2.10 Lac with a deposit of โ‚น8.40 Lac โ€” a smart pick for Parel living.

๐Ÿ•’ Updated 18 Jan 2025
3 BHK L&T Crescent Bay in Parel For Rent
โ‚น 2.5 Lac/mo
3 BHK L&T Crescent Bay
๐Ÿ“ Jerbai Wadia Road, Parel
๐Ÿ›๏ธ 3 BHK ๐Ÿ“ 1100 sqft ๐Ÿ›‹๏ธ Fully Furnished ๐Ÿข 12 of 40 Floor flr

Set in L&T Crescent Bay, this 3 BHK home in Parel offers Phoenix and Kamala Mills nearby. Expect a fully furnished interior across 1,100 sq.ft.. Leasing at โ‚น2.50 Lac โ€” a smart pick for Parel living.

2 BHK L&T Crescent Bay in Parel For Rent
โ‚น 1.45 Lac/mo
2 BHK L&T Crescent Bay
๐Ÿ“ Jerbai Wadia Road, Parel
๐Ÿ›๏ธ 2 BHK ๐Ÿ“ 850 sqft ๐Ÿ›‹๏ธ Semi-Furnished ๐Ÿข 34 flr

This 2 BHK home at L&T Crescent Bay brings Parel living within reach of excellent rail connectivity. Set on the 34 floor, it comes semi-furnished, with 850 sq.ft. of carpet space. Yours to rent at โ‚น1.45 Lac with a deposit of โ‚น5.80 Lac. Book a viewing at your convenience.

3 BHK L&T Crescent Bay in Parel For Rent
โ‚น 3.25 Lac/mo
3 BHK L&T Crescent Bay
๐Ÿ“ Jerbai Wadia Road, Parel
๐Ÿ›๏ธ 3 BHK ๐Ÿ“ 1840 sqft ๐Ÿ›‹๏ธ Semi-Furnished ๐Ÿข 16 flr

Positioned in sought-after Parel, L&T Crescent Bay offers a 3 BHK home near the Worli-Lower Parel axis. Positioned on the 16 floor, the semi-furnished layout spans 1,840 sq.ft.. On offer for โ‚น3.25 Lac per month with a deposit of โ‚น13 Lac. Enquire to schedule a visit.

2 BHK Ashok Tower in Parel For Rent
โ‚น 1.6 Lac/mo
2 BHK Ashok Tower
๐Ÿ“ Dr. Babasaheb Ambedkar, Parel
๐Ÿ›๏ธ 2 BHK ๐Ÿ“ 812 sqft ๐Ÿ›‹๏ธ Semi-Furnished ๐Ÿข 30 of 41 Floor flr

Positioned in sought-after Parel, Ashok Tower offers a 2 BHK home near the Worli-Lower Parel axis. Positioned on the 30 of 41 Floor floor, the semi-furnished layout spans 812 sq.ft.. Yours to rent at โ‚น1.60 Lac. Book a viewing at your convenience.

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๐Ÿ“Š Property rates in Parel

Apartments โ€” buyโ‚น50,000โ€“100,000/sqft
1 BHK โ€” rentโ‚น55,000โ€“1 Lac/mo
2 BHK โ€” rentโ‚น1 Lacโ€“2.2 Lac/mo
3 BHK โ€” rentโ‚น2.2 Lacโ€“4.4 Lac/mo
Commercial โ€” leaseโ‚น130โ€“290/sqft
See all Mumbai property rates โ†’
Updated May 2026 ยท Real Estate Mumbai research

๐Ÿ“ฐ 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 โ€” 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 โ€” Maharashtra's largest government hospital โ€” 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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