2 BHK in Ashok Towers - D Wing
Dr. Babasaheb Ambedkar, Parel
CarpetCarpet1,400 sq ft
FurnishingFurnishingSemi-Furnished
₹2.3 Lac /mo
7% above typical 2 BHK in Parel
To rent ·
Flats for rent in Parel
138 homes on the market. Read across, tap ♡ to shortlist, then send the whole list to our team in one WhatsApp.
As of 2 Nov 2026, flats for rent in Parel on Real Estate Mumbai ask ₹1.07 Lac to ₹4.50 Lac a month, with a median of ₹1.70 Lac, across 138 live homes.
CarpetCarpet1,329 sq ft
FurnishingFurnishingSemi-Furnished
₹2.5 Lac /mo
20% above typical 3 BHK in Parel
2 BHK in Ashok Tower
Dr. Babasaheb Ambedkar, Parel
CarpetCarpet1,000 sq ft
FurnishingFurnishing—
₹2 Lac /mo
Premium home for Parel
2 BHK in Ruparel Jewel
Parel
CarpetCarpet838 sq ft ≈
FurnishingFurnishingFully Furnished
₹1.2 Lac /mo
7% below typical 2 BHK in Parel
2.5 BHK in Ashok Tower
Dr. Babasaheb Ambedkar, Parel
CarpetCarpet1,000 sq ft
FurnishingFurnishing—
₹2 Lac /mo
24% above typical Parel
2 BHK in Lodha Primo
Parel
CarpetCarpet740 sq ft
FurnishingFurnishingSemi-Furnished
₹1.65 Lac /mo
Premium home for Parel
CarpetCarpet950 sq ft
FurnishingFurnishingSemi-Furnished
₹1.6 Lac /mo
9% above typical 2 BHK in Parel
CarpetCarpet900 sq ft
FurnishingFurnishingSemi-Furnished
₹1.3 Lac /mo
6% below typical 2 BHK in Parel
3 BHK in Omkar Veda
Parel
CarpetCarpet1,000 sq ft
FurnishingFurnishingFully Furnished
₹1.75 Lac /mo
12% above typical 3 BHK in Parel
2 BHK in Deep Residency
Parel
CarpetCarpet650 sq ft
FurnishingFurnishingSemi-Furnished
₹90,000 /mo
10% below typical 2 BHK in Parel
2 BHK in Ruparel Ariana
Jeribai Wadia Road, Parel
CarpetCarpet830 sq ft
FurnishingFurnishingSemi-Furnished
₹1.35 Lac /mo
6% above typical 2 BHK in Parel
2 BHK in Om Residency
Parel
CarpetCarpet1,115 sq ft
FurnishingFurnishingSemi-Furnished
₹1.1 Lac /mo
36% below typical 2 BHK in Parel
Not the right one yet?
Tell us once. We’ll WhatsApp you the moment a matching home comes up — no need to keep searching.
Price guide
Parel flats for rent: what they cost
There are 138 verified flats for rent in Parel on Real Estate Mumbai, updated daily. Typical rent prices by configuration:
| Configuration | Listings | Typical range/mo | Median/mo |
|---|---|---|---|
| 1 BHK | 7 | ₹60,000 – ₹1.16 Lac/mo | ₹73,000/mo |
| 2 BHK | 64 | ₹1 Lac – ₹2 Lac/mo | ₹1.38 Lac/mo |
| 3 BHK | 53 | ₹1.52 Lac – ₹3.29 Lac/mo | ₹2.1 Lac/mo |
| 4 BHK | 10 | ₹4.47 Lac – ₹7.25 Lac/mo | ₹5 Lac/mo |
| 5 BHK | 4 | ₹5.5 Lac – ₹6.9 Lac/mo | ₹5.5 Lac/mo |
Ranges show the typical 10th–90th percentile of current listings; median is the mid-point. Outliers excluded. As on 02 Nov 2026.
Rent and yield
Renting in Parel
- Median asking rent
- ₹1.52 lakh / month
- Median asking sale price
- ₹47,236 / sq ft
- Gross rental yield
- About 4.26%
- Buildings tracked
- 32
Real Estate Mumbai listing data, as of 2 Nov 2026. Parel property rates →
Private leasing
Luxury homes for rent in Parel
Neighbourhoods
Flats for Rent by neighbourhood in Parel
In the news
Parel property news
Questions
Asked about flats for rent in Parel
What is the rent for a flat in Parel?
As of 2 Nov 2026, flats for rent in Parel on Real Estate Mumbai ask ₹1.07 Lac to ₹4.50 Lac a month, with a median of ₹1.70 Lac, across 138 live homes. Ranges are the 10th to 90th percentile of current asking prices.
How many flats for rent are available in Parel?
There are 138 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 138 verified flats for rent currently available. Browse real photos and connect directly on WhatsApp with Real Estate Mumbai, trusted since 1995.
About flats for 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.