Auckland Rental Market Update

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.

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The May 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 $825 for one-bedroom properties – up 58.7% from $520 the previous year. Meanwhile, Papatoetoe continued to show strong demand for smaller homes, with one-bedroom median rents increasing 31.7% year-on-year to $610 per week.

At the same time, some larger family-home markets have eased slightly. In City Bays, the median weekly rent for four-bedroom homes was $1,225 in May 2026, compared to $1,325 the previous year, while three-bedroom rents in Grey Lynn eased to $815 from $900. Other suburbs moved the opposite way, with four-bedroom rents in Epsom rising to $1,170 from $895.

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 are the most up-to-date data available as of May 2026.

Source: REINZ Rent Review, May 2026 (published 24 July 2026), compared with May 2025. Some suburbs use the matching REINZ grouped area where an individual suburb figure is not published. A dash means fewer than five bonds were lodged, so REINZ does not publish a figure.

Central Auckland

City Centre

1 Bedroom: $440 /weekUp0.2%
May 2025: $439
2 Bedrooms: $600 /weekUp7.1%
May 2025: $560
3 Bedrooms: $850 /weekUp112.5%
May 2025: $400
4 Bedrooms: $290 /weekUp5.5%
May 2025: $275

REINZ area: City Centre (Parnell, Grafton, Newton)

Ponsonby

1 Bedroom: $825 /weekUp58.7%
May 2025: $520
2 Bedrooms: $763 /weekUp5.5%
May 2025: $723
3 Bedrooms: $995 /weekDown2.9%
May 2025: $1,025
4 Bedrooms: – /weekNo comparison available
May 2025: $1,100

REINZ area: Ponsonby (St Marys Bay, Herne Bay)

Mt Eden

1 Bedroom: $535 /weekUp14.3%
May 2025: $468
2 Bedrooms: $638 /weekUp6.3%
May 2025: $600
3 Bedrooms: $825 /weekUp1.2%
May 2025: $815
4 Bedrooms: $1,250 /weekUp19.0%
May 2025: $1,050

REINZ area: Mt Eden (Kingsland, Balmoral)

Epsom

1 Bedroom: $675 /weekUp41.2%
May 2025: $478
2 Bedrooms: $655 /weekUp5.6%
May 2025: $620
3 Bedrooms: $890 /weekUp12.9%
May 2025: $788
4 Bedrooms: $1,170 /weekUp30.7%
May 2025: $895

REINZ area: Epsom (Newmarket, Royal Oak North)

City Bays

1 Bedroom: $793 /weekUp60.2%
May 2025: $495
2 Bedrooms: $720 /weekUp6.7%
May 2025: $675
3 Bedrooms: $1,000 /weekUp9.9%
May 2025: $910
4 Bedrooms: $1,225 /weekDown7.5%
May 2025: $1,325

REINZ area: City Bays (Mission Bay to St Heliers)

Sandringham

1 Bedroom: $480 /weekUp4.3%
May 2025: $460
2 Bedrooms: $600 /week0.0%
May 2025: $600
3 Bedrooms: $750 /weekUp2.0%
May 2025: $735
4 Bedrooms: $865 /weekUp1.8%
May 2025: $850

REINZ area: Sandringham (Three Kings, Hillsborough)

Mt Roskill

1 Bedroom: $670 /weekUp1.1%
May 2025: $663
2 Bedrooms: $600 /weekUp5.3%
May 2025: $570
3 Bedrooms: $750 /weekUp7.9%
May 2025: $695
4 Bedrooms: $800 /weekDown3.0%
May 2025: $825

REINZ area: Mt Roskill (Owairaka, Lynfield)

Ellerslie

1 Bedroom: $593 /weekUp24.8%
May 2025: $475
2 Bedrooms: $635 /weekUp5.8%
May 2025: $600
3 Bedrooms: $795 /weekUp4.6%
May 2025: $760
4 Bedrooms: $885 /weekUp4.1%
May 2025: $850

REINZ area: One Tree Hill / Ellerslie (Onehunga North)

Grey Lynn

1 Bedroom: $625 /weekUp1.1%
May 2025: $618
2 Bedrooms: $785 /weekUp4.7%
May 2025: $750
3 Bedrooms: $815 /weekDown9.4%
May 2025: $900
4 Bedrooms: – /weekNo comparison available
May 2025: $1,000

REINZ area: Grey Lynn / Westmere

Remuera

1 Bedroom: $850 /weekUp44.1%
May 2025: $590
2 Bedrooms: $680 /weekUp2.3%
May 2025: $665
3 Bedrooms: – /weekNo comparison available
May 2025: $930
4 Bedrooms: $875 /weekDown32.4%
May 2025: $1,295

Meadowbank

1 Bedroom: $840 /weekNo comparison available
2 Bedrooms: $695 /weekUp6.9%
May 2025: $650
3 Bedrooms: $860 /weekUp4.2%
May 2025: $825
4 Bedrooms: $1,023 /weekUp4.4%
May 2025: $980

REINZ area: Meadowbank (Remuera South, Glendowie)

Glen Innes

1 Bedroom: $518 /weekUp3.6%
May 2025: $500
2 Bedrooms: $600 /weekUp5.3%
May 2025: $570
3 Bedrooms: $695 /weekDown0.7%
May 2025: $700
4 Bedrooms: $780 /weekDown4.9%
May 2025: $820

REINZ area: Glen Innes / Panmure / Mt Wellington

North Shore

Takapuna

1 Bedroom: $650 /weekUp18.2%
May 2025: $550
2 Bedrooms: $645 /weekDown4.4%
May 2025: $675
3 Bedrooms: – /weekNo comparison available
May 2025: $905
4 Bedrooms: – /weekNo comparison available

REINZ area: Takapuna / Milford

East Coast Bays

1 Bedroom: $920 /weekUp97.8%
May 2025: $465
2 Bedrooms: $620 /week0.0%
May 2025: $620
3 Bedrooms: $875 /weekUp25.0%
May 2025: $700
4 Bedrooms: $1,095 /weekUp9.5%
May 2025: $1,000

Browns Bay

1 Bedroom: – /weekNo comparison available
May 2025: $425
2 Bedrooms: $575 /weekDown0.9%
May 2025: $580
3 Bedrooms: $750 /weekUp7.1%
May 2025: $700
4 Bedrooms: $888 /weekDown1.3%
May 2025: $900

REINZ area: Browns Bay / Torbay / Albany

Glenfield

1 Bedroom: $645 /weekUp29.0%
May 2025: $500
2 Bedrooms: $595 /weekDown0.5%
May 2025: $598
3 Bedrooms: $720 /weekUp3.3%
May 2025: $697
4 Bedrooms: $880 /weekUp3.5%
May 2025: $850

REINZ area: Glenfield (Sunnynook, Northcote, Birkdale)

Birkenhead

1 Bedroom: $638 /weekUp43.4%
May 2025: $445
2 Bedrooms: $638 /weekUp13.9%
May 2025: $560
3 Bedrooms: – /weekNo comparison available
May 2025: $775
4 Bedrooms: $950 /weekDown6.9%
May 2025: $1,020

REINZ area: Birkenhead (Northcote Point)

Devonport

1 Bedroom: $745 /weekUp49.0%
May 2025: $500
2 Bedrooms: $695 /weekUp11.2%
May 2025: $625
3 Bedrooms: – /weekNo comparison available
4 Bedrooms: – /weekNo comparison available

West Auckland

Waterview

1 Bedroom: $610 /weekUp22.0%
May 2025: $500
2 Bedrooms: $597 /weekDown0.2%
May 2025: $598
3 Bedrooms: $673 /weekDown3.2%
May 2025: $695
4 Bedrooms: $805 /weekDown2.4%
May 2025: $825

REINZ area: Waterview / Avondale / Titirangi

Te Atatu

1 Bedroom: $650 /weekUp23.8%
May 2025: $525
2 Bedrooms: $590 /weekDown0.8%
May 2025: $595
3 Bedrooms: $695 /weekUp0.7%
May 2025: $690
4 Bedrooms: $850 /weekUp5.6%
May 2025: $805

REINZ area: Te Atatu / Westgate / West Harbour

Glendene

1 Bedroom: $600 /weekUp25.0%
May 2025: $480
2 Bedrooms: $560 /weekUp0.9%
May 2025: $555
3 Bedrooms: $650 /week0.0%
May 2025: $650
4 Bedrooms: $780 /weekUp4.0%
May 2025: $750

REINZ area: West Auckland (Glendene, Glen Eden, Massey)

South Auckland

Manukau

1 Bedroom: – /weekNo comparison available
May 2025: $438
2 Bedrooms: $580 /weekUp1.8%
May 2025: $570
3 Bedrooms: $673 /weekUp3.5%
May 2025: $650
4 Bedrooms: $780 /week0.0%
May 2025: $780

REINZ area: Manukau / Manurewa

Papakura

1 Bedroom: $600 /weekNo comparison available
2 Bedrooms: $520 /weekDown5.5%
May 2025: $550
3 Bedrooms: $640 /weekDown2.3%
May 2025: $655
4 Bedrooms: $810 /weekUp11.0%
May 2025: $730

Mangere

1 Bedroom: $595 /weekUp32.2%
May 2025: $450
2 Bedrooms: $580 /weekUp5.5%
May 2025: $550
3 Bedrooms: $680 /week0.0%
May 2025: $680
4 Bedrooms: $770 /weekUp9.2%
May 2025: $705

REINZ area: Mangere / Otara / Otahuhu

Papatoetoe

1 Bedroom: $610 /weekUp31.7%
May 2025: $463
2 Bedrooms: $565 /weekDown2.6%
May 2025: $580
3 Bedrooms: $700 /week0.0%
May 2025: $700
4 Bedrooms: $800 /weekUp5.3%
May 2025: $760

Pukekohe

1 Bedroom: $650 /weekUp38.3%
May 2025: $470
2 Bedrooms: $510 /weekUp2.0%
May 2025: $500
3 Bedrooms: $605 /weekDown2.4%
May 2025: $620
4 Bedrooms: $680 /weekDown2.9%
May 2025: $700

REINZ area: Pukekohe (Tuakau, Waiuku)

East Auckland

Howick

1 Bedroom: $745 /weekUp65.6%
May 2025: $450
2 Bedrooms: $600 /weekDown7.7%
May 2025: $650
3 Bedrooms: $730 /weekDown2.7%
May 2025: $750
4 Bedrooms: $850 /week0.0%
May 2025: $850

REINZ area: Howick (Bucklands Beach, Botany)

Pakuranga

1 Bedroom: $720 /weekUp26.3%
May 2025: $570
2 Bedrooms: $580 /weekUp0.3%
May 2025: $578
3 Bedrooms: $700 /weekUp2.2%
May 2025: $685
4 Bedrooms: $790 /weekDown3.7%
May 2025: $820

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.

Request an updated rental appraisal

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 to see the latest real estate data.

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Stay up to date with Auckland’s rental market.

Auckland Median Rent

Central Auckland

City Centre

Ponsonby

Mt Eden

Epsom

City Bays

Sandringham

Mt Roskill

Ellerslie

Grey Lynn

Remuera

Meadowbank

Glen Innes

North Shore

Takapuna

East Coast Bays

Browns Bay

Glenfield

Birkenhead

Devonport

West Auckland

Waterview

Te Atatu

Glendene

South Auckland

Manukau

Papakura

Mangere

Papatoetoe

Pukekohe

East Auckland

Howick

Pakuranga

A Note from us,

Notice and termination rules have changed.

Fixed-term tenancy rules are updated.

Pet provisions have evolved.

Digital communication is fully embraced.

Tenants now have more flexibility, too.

We’re here to guide you through it!

Request an updated rental appraisal

Why work with 360 Property Management?

Do you know the value of your investment property?

Recommended blog posts,

Auckland Property Management: How to Get Your Rental Winter-Ready

Vacancy Costs for Auckland Landlords: How to Reduce Them

Auckland Rental Yield 2026: How to Measure & Improve It