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

Bhavya Supreme, Parel

🛏️ 3 BHK 📐 1200 sqft 🛋️ Semi-Furnished

₹ 1.5 Lac/mo

📍 GD Ambekar Marg, Parel Village, Sindhu Nagar

Positioned in sought-after Parel, Bhavya Supreme offers a 3 BHK home near the Worli-Lower Parel axis. The home is offered semi-furnished, and Open parking on offer. Available now on rent at ₹1.50 Lac with a deposit of ₹6 Lac — arrange a viewing today.

🕒 Updated 07 Jun 2026

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For Rent

Ruparel Ariana, Parel

🛏️ 3 BHK 📐 1400 sqft 🛋️ Semi-Furnished

₹ 1.65 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 1,400 sq.ft, complete with 1 Open parking. Leasing at ₹1.65 Lac with a deposit of ₹4.95 Lac — a smart pick for Parel living.

🕒 Updated 07 Jun 2026

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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.