Flats, Apartments and Houses for Rent in Parel, mumbai

Overview About Rental Properties in Parel for May 2026

Parel is located in mumbai

Parel is a well-established residential neighbourhood in mumbai

Rental costs in Parel also include maintenance charges and refundable security deposits that vary by property types such as society apartments, independent houses, and standalone buildings.

Society Apartments: Maintenance from ₹1,000 to ₹5,000 | Deposit from ₹50,000 to ₹818,999

Independent Houses: Deposit from ₹25,000 to ₹200,000

Rent Prices in Parel - What to Expect

Parel is an active residential rental market within mumbai, offering homes across multiple configurations, furnishing types, and budget ranges. Based on recent NoBroker-verified listings and active inventory, rental prices in May 2026 typically range as follows:

1 BHK Flats for Rent in Parel

1 BHK - 250 sq. ft. to 777 sq. ft.

Monthly rent generally in Parel falls between ₹27,000 to ₹69,300 per month, with higher values seen in premium blocks and fully furnished homes.

2 BHK Flats for Rent in Parel

2 BHK - 400 sq. ft. to 1,400 sq. ft.

Monthly rent generally in Parel falls between ₹35,250 to ₹150,000 per month, influenced by amenities, water source like corporation / Borewell, or if the apartment is part of societies.

1 RK Flats for Rent in Parel

1 RK - 180 sq. ft. to 400 sq. ft.

Typically 1 RK rent in Parel ranges between ₹10,900 to ₹46,999 per month, depending on which part of Parel you are searching for the property like block, building type or furnishing type.

3 BHK Flats for Rent in Parel

3 BHK - 800 sq. ft. to 1,800 sq. ft.

Monthly rent generally in Parel falls between ₹140,000 to ₹220,000 per month, especially in gated communities and prime blocks.

What is the rent range for Gated Societies, Standalone Buildings, Independent Houses in Parel

Rent range for Gated Societies in Parel

Rent range is: ₹50000 - ₹818999

standalone building

Sankalp building

Vishwajyoti Sadan

Rent range for Independent House in Parel

Rent range is: ₹25000 - ₹200000

Monthly Rental Market Trend in Parel

The above-mentioned ranges in Parel reflect current market conditions as per NoBroker data & reports - May 2026 and vary by block, furnishing status, society, standalone building, independent house type, building age, water source, and amenity profile.

Which are nearby localities to Parel

When comparing Parel with adjacent rental hubs, tenants should factor in commute feasibility, lifestyle preferences, and amenity etc.

Nearby Localities to Parel

• Jacob Circle
• Prabhadevi
• Dadar East
• Chinchpokli
• Wadala

Living in Parel - Local Insights for Tenants from NoBroker Database

Connectivity & Commute

Parel has strong bus coverage which includes bus stops like Grant Road Station (W), Grant Road Railway Station (E), Grant Road Railway Station, and metro stations like Life Line, Byculla, Masjid access. Parel has good road connectivity, though peak-hour traffic should be considered.

What Tenant looks before renting a property in Parel

While renting a property in Parel families usually check how is the access to schools, hospitals and supermarkets etc. where Parel have following things available -

Schools in Parel

• Bharat Stores
• The Universal School, Tardeo
• Art of Living Yoga & Meditation Center

Hospitals in Parel

• Bhatia Hospital
• Jaslok Hospital and Research Centre
• Breach Candy Hospital Trust

Supermarkets in Parel

• Reliance SMART
• V. P. Bedekar & Sons Private Limited
• Enrich Plastic

End-to-End Rental & Relocation Services in Parel by NoBroker

Along with helping you find a verified rental home in Parel, NoBroker supports tenants through the entire relocation lifecycle with professionally managed, service-backed solutions. From Packers and Movers in Parel for safe, on-time shifting, to digitally generated rent agreements that comply with local norms, and essential home services such as deep house cleaning, painting, plumbing, electrical work, and carpentry, all services are designed to address the practical, on-ground requirements of tenants relocating within or into Parel. These services are commonly required during move-in and setup and help reduce coordination effort for tenants, ensure transparent pricing, and deliver a smoother, more reliable rental experience in a high-demand locality like Parel.