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Parel is located in mumbai
Parel is a well-established residential neighbourhood in mumbai
You can explore NoBroker verified owner-listed rental homes in Parel along with 1 BHK 22+, 2 BHK 16+, 1 RK 15+, 3 BHK 3+ units to spacious and luxury apartments.
Available furnishing types include Unfurnished 13+, Semi-furnished 24+, Fully-furnished 19+ homes.
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 ₹50,750 to ₹584,999
Independent Houses: Deposit from ₹25,000 to ₹200,000
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 June 2026 typically range as follows:
1 BHK - 250 sq. ft. to 777 sq. ft.
Monthly rent generally in Parel falls between ₹26,000 to ₹69,400 per month, with higher values seen in premium blocks and fully furnished homes.
2 BHK - 400 sq. ft. to 1,200 sq. ft.
Monthly rent generally in Parel falls between ₹34,500 to ₹142,500 per month, influenced by amenities, water source like corporation / Borewell, or if the apartment is part of societies.
1 RK - 180 sq. ft. to 400 sq. ft.
Typically 1 RK rent in Parel ranges between ₹10,750 to ₹47,500 per month, depending on which part of Parel you are searching for the property like block, building type or furnishing type.
3 BHK - 1,350 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.
Rent range is: ₹50750 - ₹584999
Top Societies in Parel are :standalone building
Mhada Building Parel, Parel
Nauka CHS ltd, gymkhana road
Rent range is: ₹25000 - ₹200000
The above-mentioned ranges in Parel reflect current market conditions as per NoBroker data & reports - June 2026 and vary by block, furnishing status, society, standalone building, independent house type, building age, water source, and amenity profile.
When comparing Parel with adjacent rental hubs, tenants should factor in commute feasibility, lifestyle preferences, and amenity etc.
Parel has strong bus coverage which includes bus stops like Sant Jagnade Chowk / Lalbaug, Lal Baug- Near Voltas Compuny (Pickup Van/Bus), Bharatmata Cinema, 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.
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 -
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.
Natasha
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