Stay up to date with Auckland’s rental market.
Proudly presenting the latest residential rental data as supplied by the Real Estate Institute of New Zealand (REINZ).
Please note: According to MBIE, by removing the most recent month of data, this provides a more complete and accurate picture of all bonds lodged by tenancy start date. Therefore, this report is two months in arrears as per the data provided by MBIE.
In some Auckland areas, we’re seeing the median weekly rent return to the levels we experienced at the same time last year. Or, in some cases, even noting Auckland rents decreasing.
In February 2025, the average weekly rent for three-bedroom rental properties in Kingsland was $775. Compare this to $850 in February last year and you’ll see an 8.8% decrease in rent prices.
In Mangere, the median rent for a three-bedroom home was $710 per week, a 1.4% increase from $700 the year previous.
If you’re unsure about what rent you should be charging, please get in touch with our team today for a complimentary rental appraisal.
Auckland Median Rent - May 2025
Please note: According to MBIE, by removing the most recent month of data, this provides a more complete and accurate picture of all bonds lodged by tenancy start date. Therefore, this report is two months in arrears as per the data provided by MBIE.
Central Auckland:
City Centre
1 Bedroom: $450 p/week
2 Bedrooms: $580 p/week
3 Bedrooms: $800 p/week
4 Bedrooms: $900 p/week
Ponsonby
1 Bedroom: $530 p/week
2 Bedrooms: $738 p/week
3 Bedrooms: $910 p/week
4 Bedrooms: –
Mt Eden
1 Bedroom: $490 p/week
2 Bedrooms: $638 p/week
3 Bedrooms: $775 p/week
4 Bedrooms: $963 p/week
Epsom
1 Bedroom: $500 p/week
2 Bedrooms: $650 p/week
3 Bedrooms: $755 p/week
4 Bedrooms: $1,100 p/week
City Bays
1 Bedroom: –
2 Bedrooms: $645 p/week
3 Bedrooms: $900 p/week
4 Bedrooms: $1,250 p/week
Sandringham
1 Bedroom: $560 p/week
2 Bedrooms: $590 p/week
3 Bedrooms: $750 p/week
4 Bedrooms: $900 p/week
Mt Roskill
1 Bedroom: $560 p/week
2 Bedrooms: $578 p/week
3 Bedrooms: $675 p/week
4 Bedrooms: $850 p/week
Ellerslie
1 Bedroom: $500 p/week
2 Bedrooms: $600 p/week
3 Bedrooms: $775 p/week
4 Bedrooms: $863 p/week
Grey Lynn
1 Bedroom: $600 p/week
2 Bedrooms: $753 p/week
3 Bedrooms: $888 p/week
4 Bedrooms: $1,100 p/week
Remuera
1 Bedroom: –
2 Bedrooms: $730 p/week
3 Bedrooms: $820 p/week
4 Bedrooms: $1,100 p/week
Meadowbank
1 Bedroom: – p/week
2 Bedrooms: $618 p/week
3 Bedrooms: $845 p/week
4 Bedrooms: $1,200 p/week
Glen Innes
1 Bedroom: $550 p/week
2 Bedrooms: $620 p/week
3 Bedrooms: $720 p/week
4 Bedrooms: $910 p/week
North Shore (Auckland):
Takapuna
1 Bedroom: $570 p/week
2 Bedrooms: $670 p/week
3 Bedrooms: $850 p/week
4 Bedrooms: –
East Coast Bays
1 Bedroom: –
2 Bedrooms: $620 p/week
3 Bedrooms: $803 p/week
4 Bedrooms: $1,035 p/week
Browns Bay
1 Bedroom: $490 p/week
2 Bedrooms: $638 p/week
3 Bedrooms: $775 p/week
4 Bedrooms: $963 p/week
Glenfield
1 Bedroom: $500 p/week
2 Bedrooms: $650 p/week
3 Bedrooms: $755 p/week
4 Bedrooms: $1,100 p/week
Birkenhead
1 Bedroom: $450 p/week
2 Bedrooms: $580 p/week
3 Bedrooms: $800 p/week
4 Bedrooms: $900 p/week
Devonport
1 Bedroom: $530 p/week
2 Bedrooms: $738 p/week
3 Bedrooms: $910 p/week
4 Bedrooms: –
West Auckland:
Waterview
1 Bedroom: $455 p/week
2 Bedrooms: $600 p/week
3 Bedrooms: $690 p/week
4 Bedrooms: $830 p/week
Te Atatu
1 Bedroom: $570 p/week
2 Bedrooms: $593 p/week
3 Bedrooms: $705 p/week
4 Bedrooms: $820 p/week
Glendene
1 Bedroom: $420 p/week
2 Bedrooms: $560 p/week
3 Bedrooms: $650 p/week
4 Bedrooms: $770 p/week
South Auckland:
Mangere / Otara
1 Bedroom: $413 p/week
2 Bedrooms: $590 p/week
3 Bedrooms: $710 p/week
4 Bedrooms: $740 p/week
Manukau
1 Bedroom: $438 p/week
2 Bedrooms: $610 p/week
3 Bedrooms: $688 p/week
4 Bedrooms: $825 p/week
Manurewa
1 Bedroom: $438 p/week
2 Bedrooms: $610 p/week
3 Bedrooms: $688 p/week
4 Bedrooms: $825 p/week
Papatoetoe
1 Bedroom: –
2 Bedrooms: $580 p/week
3 Bedrooms: $695 p/week
4 Bedrooms: $850 p/week
Papakura
1 Bedroom: –
2 Bedrooms: $550 p/week
3 Bedrooms: $660 p/week
4 Bedrooms: $750 p/week
Pukekohe
1 Bedroom: –
2 Bedrooms: $520 p/week
3 Bedrooms: $630 p/week
4 Bedrooms: $710 p/week
Howick
1 Bedroom: $495 p/week
2 Bedrooms: $620 p/week
3 Bedrooms: $750 p/week
4 Bedrooms: $845 p/week
Pakuranga
1 Bedroom: –
2 Bedrooms: $590 p/week
3 Bedrooms: $690 p/week
4 Bedrooms: $820 p/week
A Note from us,
The rental market is changing – and fast.
While rising costs for insurance, council rates, debt, and maintenance have led many landlords to increase rents (with Tony Alexander’s latest investor survey showing an average planned rise of 5.6% this year), the power in the rental market is starting to shift.
Tony’s recent findings highlight what many of our landlords are already feeling:
It’s getting harder to find great tenants, with a record number of landlords reporting difficulty.
Rental listings have surged by 40% nationally in just three months, with the biggest increases in Auckland (+40%), Wellington (+56%), and Christchurch (+35%).
The market is oversupplied, particularly with new-build townhouses, while net migration remains soft.
Investor confidence is also at a low point. According to Tony, this is the lowest level of intent to purchase another investment property since he began surveying in 2021 – and fewer investors than ever are looking to buy new builds.
What does this mean for you?
In many cases, it’s better to retain a good tenant than risk a lengthy vacancy. It’s a time to focus on smart, long-term strategies rather than chasing short-term gains.
We’re here to support you through this shift — whether it’s reviewing your rent, managing a tenancy, or helping you make sense of market changes.
For more information, please get in touch with our property managers today.
Request an updated rental appraisal
Would you like to know how much rent to charge or what rental income your rental property could generate? Please contact our property management team for a complimentary rental appraisal.
We analyse current rental figures in your area and provide an estimate of the current market value for your property.
Why work with 360 Property Management?
Our expert team draw on extensive market knowledge and statistics to set the correct rent rate from the outset, which we revise with annual rent reviews. Our property managers can also provide advice on how to maximise rent.
We have a dedicated leasing agent who works evenings and weekends, meaning your property will be in front of the right prospective tenants. We use professional photos, presenting your property in the best possible light.
Do you know the value of your investment property?
Please Note: These market rent statistics have been provided by the Real Estate Institute of New Zealand. The data has been derived from information gathered from bonds lodged at the Ministry of Business Innovation and Employment (MBIE) – Tenancy Bond Services.
However, these results may not be a true representation of the entire housing market. They are only a reflection of rental properties where bonds have been lodged at the MBIE – Tenancy Bond Services.
This report is two months in arrears as per the data provided by MBIE. Removing the most recent month of data provides a more complete and accurate picture of all bonds lodged. This is because the most recent month’s data is incomplete. This is due to the time taken between a bond being lodged (23 working days) and the database being updated. Visit the real estate institute of New Zealand website here to see the latest real estate data.
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The Hidden Costs of Self-Managing a Rental Property in New Zealand
Please Note: These market rent statistics have been provided by the Real Estate Institute of New Zealand. The data has been derived from information gathered from bonds lodged at the Ministry of Business Innovation and Employment (MBIE) – Tenancy Bond Services.
However, these results may not be a true representation of the entire housing market. They are only a reflection of rental properties where bonds have been lodged at the MBIE – Tenancy Bond Services.
This report is two months in arrears as per the data provided by MBIE. Removing the most recent month of data provides a more complete and accurate picture of all bonds lodged. This is because the most recent month’s data is incomplete. This is due to the time taken between a bond being lodged (23 working days) and the database being updated. Visit the real estate institute of New Zealand website here to see the latest real estate data.
