Flats, Apartments and Houses for Rent in Parel, mumbai

Overview About Rental Properties in Parel for March 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 ₹500 to ₹1,000 | Deposit from ₹50,000 to ₹800,000

Independent Houses: Maintenance from ₹300 to ₹300 | Deposit from ₹30,000 to ₹1,000,000

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 March 2026 typically range as follows:

1 BHK Flats for Rent in Parel

1 BHK - 225 sq. ft. to 777 sq. ft.

Monthly rent generally in Parel falls between ₹25,000 to ₹66,500 per month, with higher values seen in premium blocks and fully furnished homes.

1 RK Flats for Rent in Parel

1 RK - 80 sq. ft. to 450 sq. ft.

Typically 1 RK rent in Parel ranges between ₹4,250 to ₹40,000 per month, depending on which part of Parel you are searching for the property like block, building type or furnishing type.

2 BHK Flats for Rent in Parel

2 BHK - 600 sq. ft. to 1,200 sq. ft.

Monthly rent generally in Parel falls between ₹30,000 to ₹160,000 per month, influenced by amenities, water source like corporation / Borewell, or if the apartment is part of societies.

3 BHK Flats for Rent in Parel

3 BHK - 1,420 sq. ft. to 2,275 sq. ft.

Monthly rent generally in Parel falls between ₹145,000 to ₹230,000 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 - ₹800000

Royal Palace

GIRIRAJ CHSL

Siddhant Building, Parel Village

Rent range for Independent House in Parel

Rent range is: ₹30000 - ₹1000000

Monthly Rental Market Trend in Parel

The above-mentioned ranges in Parel reflect current market conditions as per NoBroker data & reports - March 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 Worli Depot, Mahim, MSRTC Mumbai Central, and metro stations like Wadala Bridge, Acharya Atre Nagar Monorail Station, Byculla 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
• Baile -de- Salón
• Art of Living Yoga & Meditation Center

Hospitals in Parel

• Jaslok Hospital and Research Centre
• Bhatia Hospital
• B.Y.L. Nair Charitable Hospital

Supermarkets in Parel

• Pragati Bag Collection
• amarvagroup
• Variety Stores

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.