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There's lots of condos in the Main Line. Take a drive down Montgomery Avenue from Penn Valley through the Bryn Mawr (about 5 miles or so) and there's probably 20 complexes. Some are quite expensive. There's also a few new complexes (The Corinthian in Bala Cynwyd and another one sandwiched between a Land Rover dealership and the Amtrak/SEPTA lines) that are extremely expensive (but supposedly very fancy).
Most of the condos on the Main Line are east of Devon, but check out Devon, Paoli, and Malvern, and you will see some complexes. Also, these 3 areas tend to be a little less expensive because they are further out. Center City is accessible from the Main Line via SEPTA's R5, which operates on the Pennsylvania RR's old "Main Line."
If your parents are moving toward Lancaster, Lancaster is "close" to them in that you can take Route 30 (i.e. Lancaster Ave) out to them, but traffic is heavy.
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