Stay up to date with Auckland’s rental market.
Proudly presenting the latest Auckland residential rental market data supplied by the Real Estate Institute of New Zealand (REINZ), highlighting current median weekly rents across Central Auckland, South Auckland, East Auckland, West Auckland and the North Shore.
Please note: according to MBIE, the most recent month of rental bond data is excluded to provide a more complete and accurate picture of tenancy activity. As a result, this report is published two months in arrears.
The February 2026 REINZ Rent Review shows Auckland’s rental market remains highly varied suburb-to-suburb, with some areas recording strong year-on-year growth while others have stabilised or softened following the peak rental conditions seen last year.
In Central Auckland, Ponsonby recorded a median weekly rent of $710 for one-bedroom properties – up 35.2% from $525 the previous year. Meanwhile, Papatoetoe continued to show strong demand for smaller homes, with one-bedroom median rents increasing 44.2% year-on-year to $620 per week.
At the same time, some larger family-home markets have eased slightly. In Remuera, the median weekly rent for four-bedroom homes was $1,400 in February 2026, compared to $1,200 the previous year, while some surrounding suburbs saw rents stabilise after significant growth through 2025.
Across Auckland, the data reinforces the importance of suburb-specific rental appraisals rather than relying on broad market averages. Rental prices can vary significantly depending on property type, location, presentation, school zones, transport access and current tenant demand.
If you’re unsure what your Auckland rental property could achieve in today’s market, get in touch with the 360 Property Management team for a complimentary rental appraisal and tailored rental market advice.
Auckland Median Rent
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. The median rent figures below is the most up-to-date data available as of May 2026.
Rental data sourced from the most recent REINZ 2026 Rent Review. Some suburb cards use the matching REINZ grouped area where an individual suburb figure is not published.
Central Auckland
North Shore
West Auckland
South Auckland
East Auckland
A Note from us,
The rental market in New Zealand is adjusting again – and 2026 is shaping up as a year of real change.
Rising costs across insurance, rates, debt and maintenance have put pressure on rents, and many landlords have responded accordingly. But alongside these economic forces, recent legislative updates are reshaping how property owners and tenants interact – shifting the landscape in ways every investor should understand.
What’s new under NZ tenancy law?
Notice and termination rules have changed.
Landlords can now issue a 90-day no-cause termination for periodic tenancies, giving greater flexibility in managing tenancies when needed. Specific reasons – such as selling with vacant possession or needing the property for family – can be served with shorter notice (42 days) under certain conditions.
Fixed-term tenancy rules are updated.
If neither party gives notice in the specified window before expiry, fixed-terms now convert automatically to periodic agreements – meaning careful planning is more important than ever.
Pet provisions have evolved.
From late 2025, tenants can request to keep pets under clearer, regulated conditions, and landlords have structured tools (including pet bonds and damage liability rules) to manage this fairly.
Digital communication is fully embraced.
Notices and documents can be served electronically where agreed, streamlining compliance and record-keeping.
Tenants now have more flexibility, too.
Those on periodic tenancies can end their agreement with just 21 days’ notice.
Taken together, these changes aim to balance flexibility with compliance – but they also mean landlords need to be more strategic than ever about how they manage tenancies.
What this means for landlords right now
• With rental listings elevated and tenant demand softening, securing and retaining quality tenants has never mattered more.
• Keeping existing, low-risk tenants often outweighs the short-term gain of pushing rents aggressively – especially when the law gives tenants more levers to move quickly.
• Understanding and applying the new notice and tenancy conversion rules correctly can reduce vacancy periods and avoid disputes.
This is a market where being proactive – not reactive – protects returns and maintains occupancy.
We’re here to guide you through it!
Whether you’re reviewing rent levels, updating tenancy agreements for compliance, or strengthening tenant relationships, our property management team can help you make sense of the changes and plan for long-term success.
Get in touch with our team today for tailored advice.
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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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.
