Melbourne
Prahran rental market
Explore advertised median weekly rents, quarterly rental trends and historical leasing activity across houses and units in Prahran. Compare current rental figures, bedroom-level medians and longer-term rent growth using the latest available data.
Prahran rental market summary
Prahran's rental market in Q2 2026 saw house median rents increase by 4.4% compared with the previous quarter, while unit median rents remained broadly stable. Over the past 12 months, 742 properties were leased, with a median leasing time of 16 days. Two-bedroom properties made up the largest share of leases, representing approximately 48% of all properties leased during the period. Rental performance for individual properties will vary depending on factors such as property type, condition, features and location.
Median rent
Current advertised median weekly rent for houses in Prahran, together with quarterly movement and bedroom-level median rents.
Median rent
$950 pw
Current advertised median weekly rent for houses across the latest reporting quarter.
Quarterly change
+4.4%
Percentage change in the overall median weekly house rent compared with the previous quarter.
Median weekly rent by bedrooms
ALL
$950 pw
2 BED
$850 pw
3 BED
$1,100 pw
4 BED
—
| Bedrooms | Total leased | Median rent | Med. DOMMedian days on market |
|---|---|---|---|
| House | 135 | $950 pw | 17 days |
| House - 1 Bed | 1 | — | — |
| House - 2 Bed | 60 | $850 pw | 17 days |
| House - 3 Bed | 66 | $1,100 pw | 18 days |
| House - 4 Bed | 8 | $1,725 pw | 17 days |
| House - 5 Bed | 0 | — | — |
Rent growth (~5 years)
Quarterly median advertised rents over time, showing longer-term rental trends across available property types and bedroom configurations.
Quarterly median advertised rents for houses in Prahran. Additional lines compare bedroom-level trends where sufficient historical data is available.
Frequently asked questions
The median rent is the middle advertised weekly rent for properties listed during the reporting period. Because it uses the middle value rather than an average, unusually high or low asking rents have less influence on the result. Median rent provides a useful snapshot of typical advertised rents but may differ from the final rent agreed between a landlord and tenant.
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