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Lower Parel is located in mumbai
Lower Parel is a well-established residential neighbourhood in mumbai
You can explore NoBroker verified owner-listed rental homes in Lower Parel along with 1 BHK 12+, 1 RK 6+, 2 BHK 5+, 3 BHK 3+, 4 BHK 1+ units to spacious and luxury apartments.
Rental costs in Lower 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 ₹3,300 | Deposit from ₹50,000 to ₹3,399,999
Independent Houses: Deposit from ₹75,000 to ₹75,000
Lower 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 July 2026 typically range as follows:
1 BHK - 225 sq. ft. to 651 sq. ft.
Monthly rent generally in Lower Parel falls between ₹28,350 to ₹88,749 per month, with higher values seen in premium blocks and fully furnished homes.
1 RK - 180 sq. ft. to 380 sq. ft.
Typically 1 RK rent in Lower Parel ranges between ₹18,000 to ₹45,000 per month, depending on which part of Lower Parel you are searching for the property like block, building type or furnishing type.
2 BHK - 312 sq. ft. to 1,088 sq. ft.
Monthly rent generally in Lower Parel falls between ₹30,000 to ₹140,000 per month, influenced by amenities, water source like corporation / Borewell, or if the apartment is part of societies.
3 BHK - 1,250 sq. ft. to 1,800 sq. ft.
Monthly rent generally in Lower Parel falls between ₹270,000 to ₹500,000 per month, especially in gated communities and prime blocks.
4 BHK - 2,340 sq. ft. to 2,340 sq. ft.
Monthly rent generally in Lower Parel falls between ₹475,000 to ₹475,000 per month, with prices increasing based on layout, furnishing, and exclusivity.
Rent range is: ₹50000 - ₹3399999
Rent range is: ₹75000 - ₹75000
The above-mentioned ranges in Lower Parel reflect current market conditions as per NoBroker data & reports - July 2026 and vary by block, furnishing status, society, standalone building, independent house type, building age, water source, and amenity profile.
Lower Parel has strong bus coverage which includes bus stops like Dawn Mill, Gopikrishna Piramal Hospital, Phoenix Mill Bus Stop, and metro stations like Ghatkopar, Asalpha, Jagruti Nagar access. Lower Parel has good road connectivity, though peak-hour traffic should be considered.
While renting a property in Lower Parel families usually check how is the access to schools, hospitals and supermarkets etc. where Lower Parel have following things available -
Along with helping you find a verified rental home in Lower Parel, NoBroker supports tenants through the entire relocation lifecycle with professionally managed, service-backed solutions. From Packers and Movers in Lower 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 Lower 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 Lower Parel.
Natasha
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