Melbourne
South Yarra rental market
Explore advertised median weekly rents, quarterly rental trends and historical leasing activity across houses and units in South Yarra. Compare current rental figures, bedroom-level medians and longer-term rent growth using the latest available data.
South Yarra rental market summary
South Yarra's rental market in Q2 2026 saw house median rents decrease by 1.7% compared with the previous quarter, while unit median rents remained broadly stable. Over the past 12 months, 1,800 properties were leased, with a median leasing time of 18 days. Two-bedroom properties made up the largest share of leases, representing approximately 46% 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 South Yarra, together with quarterly movement and bedroom-level median rents.
Median rent
$885 pw
Current advertised median weekly rent for houses across the latest reporting quarter.
Quarterly change
-1.7%
Percentage change in the overall median weekly house rent compared with the previous quarter.
Median weekly rent by bedrooms
ALL
$885 pw
2 BED
$788 pw
3 BED
$1,200 pw
4 BED
$1,550 pw
| Bedrooms | Total leased | Median rent | Med. DOMMedian days on market |
|---|---|---|---|
| House | 154 | $899 pw | 19 days |
| House - 1 Bed | 5 | $590 pw | 10 days |
| House - 2 Bed | 87 | $793 pw | 15 days |
| House - 3 Bed | 42 | $1,200 pw | 21 days |
| House - 4 Bed | 18 | $1,725 pw | 24 days |
| House - 5 Bed | 2 | — | — |
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 South Yarra. 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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