Flats for Rent in Prabhadevi — 2026 Rental Guide
Prabhadevi sits between Worli Sea Face and Dadar — prime South Mumbai, yet consistently 12–18% cheaper to rent than Worli. Property Butler tracks the Prabhadevi rental market across configurations. Here's the full picture for tenants and landlords.
Prabhadevi Rentals — May 2026
₹50,000 — ₹3,50,000/month
1–5 BHK | ₹55–₹85/sqft/month | mostly unfurnished/semi-furnished
Current Rental Ranges in Prabhadevi
| Config | Carpet (Typical) | Monthly Rent Range | Rent/sqft | Notes |
|---|---|---|---|---|
| 1 BHK | 400–550 sqft | ₹50,000–₹75,000/mo | ₹100–₹140/sqft | Older buildings; good for singles/couples |
| 2 BHK | 700–950 sqft | ₹95,000–₹1,50,000/mo | ₹120–₹170/sqft | Most available; new stock commands premium |
| 3 BHK | 1,100–1,600 sqft | ₹1,50,000–₹2,80,000/mo | ₹130–₹175/sqft | Rustomjee Crown belt is premium |
| 4–5 BHK | 1,800–3,000 sqft | ₹2,80,000–₹5,00,000/mo | ₹140–₹180/sqft | Ultra-luxury; limited supply |
Prabhadevi Rental Sweet Spot
A 2 BHK in Prabhadevi for ₹1–1.3 L/month puts you in the same Coastal Road corridor as Worli but at rents 20% lower. The trade-off: slightly older building stock in many pockets, though new projects like Rustomjee Crown (3 BHK rentals at ₹2.5–3.5 L) are now entering the rental pool.
Which Parts of Prabhadevi Are Most Sought-After?
Veer Savarkar Marg belt (Cadell Road side): Quieter, close to Shivaji Park, excellent schools. Rents here are 8–12% lower than the Worli-facing side.
Prabhadevi-Worli junction (Annie Besant Road): Commands the highest rents — direct Coastal Road and Metro Line 3 access. New inventory (Rustomjee Crown, Eon One) has pushed rents up 15–20% since 2024.
- Who rents here — Banking/finance professionals from BKC and Nariman Point; families wanting Shivaji Park schools
- Vacancy rate — Below 4%; very tight market
- Deposit — Typically 3–6 months rent
- Lease length — 11-month agreements (licence) standard; 3-year rarely found
Furnished vs Semi-Furnished in Prabhadevi
Most Prabhadevi landlords offer semi-furnished (kitchen fittings, wardrobes, AC). Fully-furnished premium is 15–20% over bare-shell rents. For a ₹1.5 L/month 3 BHK, expect to spend ₹8–12 L on fit-out if taking it bare.
Find a Rental in Prabhadevi
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What is the minimum rent for a flat in Prabhadevi?
1 BHKs start around ₹50,000–₹55,000/month in older buildings. 2 BHKs from ₹95,000/month.
Is Prabhadevi cheaper to rent than Worli?
Yes — typically 15–20% cheaper for comparable configurations. Worli's 2 BHK starts around ₹1.10–1.30 L; Prabhadevi at ₹95,000–₹1.10 L.
How do I find a flat for rent in Prabhadevi?
WhatsApp Property Butler — we have an active roster of Prabhadevi landlords and can shortlist options based on your budget, BHK and move-in timeline.