Flats, Apartments and Houses for Rent in Parel, mumbai

Overview About Rental Properties in Parel for August 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 ₹1,200 to ₹2,000 | Deposit from ₹50,000 to ₹586,499

Independent Houses: Deposit from ₹25,000 to ₹150,000

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 August 2026 typically range as follows:

2 BHK Flats for Rent in Parel

2 BHK - 455 sq. ft. to 1,250 sq. ft.

Monthly rent generally in Parel falls between ₹40,500 to ₹170,000 per month, influenced by amenities, water source like corporation / Borewell, or if the apartment is part of societies.

1 BHK Flats for Rent in Parel

1 BHK - 225 sq. ft. to 700 sq. ft.

Monthly rent generally in Parel falls between ₹15,000 to ₹61,800 per month, with higher values seen in premium blocks and fully furnished homes.

1 RK Flats for Rent in Parel

1 RK - 180 sq. ft. to 425 sq. ft.

Typically 1 RK rent in Parel ranges between ₹12,800 to ₹40,799 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 - 850 sq. ft. to 2,100 sq. ft.

Monthly rent generally in Parel falls between ₹130,000 to ₹225,000 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 - ₹586499

Rent range for Independent House in Parel

Rent range is: ₹25000 - ₹150000

Monthly Rental Market Trend in Parel

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

Living in Parel - Local Insights for Tenants from NoBroker Database

Connectivity & Commute

Parel has strong bus coverage which includes bus stops like K.E.M. Hospital, Wadia Hospital, K.E.M.Hospital, and metro stations like Wadala Bridge, Acharya Atre Nagar Monorail Station, GTB Nagar Monorail Station 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

• New Naigaon Municipal Marathi School
• N.M.Joshi Marg Municipal Secondary School
• V N Sule Guruji English Medium High School

Hospitals in Parel

• Dr. Niphadkar's Asthma Allergy Clinic
• Jaslok Hospital and Research Centre
• Nowrosjee Wadia Maternity Hospital

Supermarkets in Parel

• Shree Swastik Chemist
• Maruti Suzuki
• FarmCircle Marketing & Distributers

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.