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Average rent NZ

The median weekly rent for a new tenancy was $590 (Ministry of Business, Innovation and Employment (Tenancy Services), Jul 2026).

Updated

The median weekly rent for new rentals across New Zealand each month, from tenancy bond records, with the lower and upper quartiles and the number of new bonds lodged. Monthly from 1993.

The median weekly rent for new rentals in each region, monthly from tenancy bond records.

New rentals only: what new renters pay, not the average rent of all existing tenancies (see CPI rents for that). Changes in the mix of homes being let (size, location) affect the median.

A regional rent can change when the mix of newly rented properties changes. The national median gives the middle rent across new rentals, with half above it and half below it.

Read the period beside each number before comparing it with another figure. A monthly observation, a quarterly result and a financial year cover different spans of time. The latest release can also revise earlier observations. The chart and downloads keep the published periods so you can check which figures are being compared. A change in rents describes what happened during that period; it does not by itself explain why it happened or identify the effect of a government policy. Definitions and coverage matter as much as the size of a change.

Sources: Ministry of Business, Innovation and Employment (Tenancy Services); Stats NZ Tatauranga Aotearoa. Last retrieved 10 October 2026.

Rents, Median weekly rent (new rentals): NZ$, Feb 1993 to Jul 2026

Median weekly rent, new tenanciesLower-quartile weekly rentUpper-quartile weekly rent
Rents. Median weekly rent, new tenancies, Feb 1993 to Jul 2026, latest $590. Lower-quartile weekly rent, Feb 1993 to Jul 2026, latest $485. Upper-quartile weekly rent, Feb 1993 to Jul 2026, latest $700.$0$200$400$600$8001993199820042009201520212026
Show the figures
PeriodMedian weekly rent, new tenancies (NZ$)Lower-quartile weekly rent (NZ$)Upper-quartile weekly rent (NZ$)
Jul 2026$590$485$700
Jun 2026$595$485$700
May 2026$600$495$700
Apr 2026$600$495$700
Mar 2026$595$480$700
Feb 2026$585$465$700
Jan 2026$600$490$750
Dec 2025$599$490$700
Nov 2025$595$490$700
Oct 2025$590$480$690
Sep 2025$590$480$695
Aug 2025$590$485$695
Jul 2025$590$475$695
Jun 2025$595$480$700
May 2025$595$490$700
Apr 2025$600$497$700
Mar 2025$600$485$700
Feb 2025$600$480$725
Jan 2025$615$490$750
Dec 2024$600$495$720
Full data: median rent
Jul 2026Median weekly rent, new tenancies $590Lower-quartile weekly rent $485Upper-quartile weekly rent $700

The median weekly rent for new tenancies across New Zealand each month, from tenancy bond records, with the lower and upper quartiles and the number of new bonds lodged. Monthly from 1993.

Rents. Median weekly rent, new tenancies: $590 in Jul 2026. Lower-quartile weekly rent: $485 in Jul 2026. Upper-quartile weekly rent: $700 in Jul 2026.

Each measure retains its own definition and period. Lines break at changes in basis and missing periods. Choose a measure to see its note and readout.

Download CSVDownload JSONAnalyse with AI

Full downloads for every dataset on this page:

Median weekly rent (new rentals)CSVJSON
Median weekly rent by region (new rentals)CSVJSON
Rents (CPI rental price indexes)CSVJSON

Rents: definitions

Median weekly rent (new rentals)

The median weekly rent for new rentals across New Zealand each month, from tenancy bond records, with the lower and upper quartiles and the number of new bonds lodged. Monthly from 1993.

Median weekly rent by region (new rentals)

The median weekly rent for new rentals in each region, monthly from tenancy bond records.

Rents (CPI rental price indexes)

Monthly CPI indexes of rents. The 'flow' measure tracks rents for new rentals; the 'stock' measure tracks rents paid across all tenancies, including existing ones.

Rents: comparison limits

These affect how far the figures can be compared.

Median weekly rent (new rentals)

  • New rentals only: what new renters pay, not the average rent of all existing tenancies (see CPI rents for that).
  • Changes in the mix of homes being let (size, location) affect the median.
  • Dollars are not adjusted for inflation.

Median weekly rent by region (new rentals)

  • Smaller regions have few new rentals each month, so their medians jump around; use 12-month averages for trends.
  • Dollars are not adjusted for inflation.

Rents (CPI rental price indexes)

  • Indexes of change, not dollar rents. Dollar median rents come from MBIE tenancy bond data (to be added).

Rents by NZ government

The last published observation before each term began and ended. The current term uses the latest observation.Change since a government took office is not the same as its effect.

Prime ministersIn officeStartEndChange
Bolger, ShipleyNov 1990 to Dec 1999Not available$190 (Nov 1999)Not available
ClarkDec 1999 to Nov 2008$190 (Nov 1999)$295 (Oct 2008)A rise of $105
Key, EnglishNov 2008 to Oct 2017$295 (Oct 2008)$410 (Sep 2017)A rise of $115
Ardern, HipkinsOct 2017 to Nov 2023$410 (Sep 2017)$580 (Oct 2023)A rise of $170
LuxonNov 2023 to now$580 (Oct 2023)$590 (Jul 2026, latest)A rise of $10.00 so far
Compare governments on any measure

Rents: data by period

The latest ten published periods for up to six series in each dataset. The downloads contain every observation.

Median weekly rent (new rentals)

The median weekly rent for new rentals across New Zealand each month, from tenancy bond records, with the lower and upper quartiles and the number of new bonds lodged. Monthly from 1993.

PeriodMedian weekly rent, new rentalsLower-quartile weekly rentUpper-quartile weekly rentNew bonds lodged
Jul 2026$590$485$70015,114
Jun 2026$595$485$70013,419
May 2026$600$495$70014,367
Apr 2026$600$495$70013,377
Mar 2026$595$480$70014,502
Feb 2026$585$465$70017,658
Jan 2026$600$490$75017,829
Dec 2025$599$490$70014,013
Nov 2025$595$490$70014,313
Oct 2025$590$480$69014,205

Median weekly rent by region (new rentals)

The median weekly rent for new rentals in each region, monthly from tenancy bond records.

PeriodNorthlandAucklandWaikatoBay of PlentyGisborneHawke's Bay
Jul 2026$560$640$570$650$618$600
Jun 2026$580$650$575$630$580$593
May 2026$565$650$580$650$605$600
Apr 2026$580$650$580$650$623$600
Mar 2026$580$640$570$650$650$600
Feb 2026$580$620$570$650$650$590
Jan 2026$580$645$570$660$645$590
Dec 2025$570$650$570$630$560$600
Nov 2025$560$650$570$640$600$600
Oct 2025$560$650$565$635$600$600

Rents (CPI rental price indexes)

Monthly CPI indexes of rents. The 'flow' measure tracks rents for new rentals; the 'stock' measure tracks rents paid across all tenancies, including existing ones.

PeriodRents, new rentals (flow)Rents, all tenancies (stock)
Aug 20261,751.0 index1,810.0 index
Jul 20261,751.0 index1,810.0 index
Jun 20261,761.0 index1,811.0 index
May 20261,764.0 index1,810.0 index
Apr 20261,775.0 index1,811.0 index
Mar 20261,770.0 index1,811.0 index
Feb 20261,746.0 index1,811.0 index
Jan 20261,894.0 index1,812.0 index
Dec 20251,793.0 index1,812.0 index
Nov 20251,767.0 index1,811.0 index

Rents: questions for your AI

Download the files, attach them in the assistant you use, then paste the prompt. Its answer is its own reading of the data.

  1. 1Download median-rent.csv
  2. 2Attach it in ChatGPT, Claude, Gemini or another assistant
  3. 3
    Paste this prompt

    The attached CSV is median weekly rent (new tenancies), from Ministry of Business, Innovation and Employment (Tenancy Services). Describe how each measure has changed, naming its unit and period. Treat changes in basis and missing periods as breaks. Do not infer causation from government terms. Read the limits before comparing. Supporting datasets: median-rent, median-rent-by-region, rents-index-monthly.

Questions about rents in NZ

Short answers with their definitions, sources and limits.

How much is rent in New Zealand?Which region has the highest rent?Are rents going up?

Related NZ data

These topics put rents alongside other measures.

Benefits: Jobs and welfareHousehold incomes: Economy and incomes

Rents: sources

The source publication, licence and snapshot used to build this page.

Organisation
Ministry of Business, Innovation and Employment (Tenancy Services), Rental bond data: monthly by region
Licence
Creative Commons Attribution 3.0 New Zealand (CC BY 3.0 NZ). Source: Ministry of Business, Innovation and Employment, rental bond data, licensed under CC BY 3.0 NZ.
Snapshot
data/raw/mbie-rental-bonds/2026-10-10_444341b2963b.csv
SHA256
444341b2963bb280859e5bdf00d677c389e25b48ecd4fd415882970aac708740
Retrieved
10 October 2026

Rents: sources

The source publication, licence and snapshot used to build this page.

Organisation
Ministry of Business, Innovation and Employment (Tenancy Services), Rental bond data: monthly by region
Licence
Creative Commons Attribution 3.0 New Zealand (CC BY 3.0 NZ). Source: Ministry of Business, Innovation and Employment, rental bond data, licensed under CC BY 3.0 NZ.
Snapshot
data/raw/mbie-rental-bonds/2026-10-10_444341b2963b.csv
SHA256
444341b2963bb280859e5bdf00d677c389e25b48ecd4fd415882970aac708740
Retrieved
10 October 2026

Rents: sources

The source publication, licence and snapshot used to build this page.

Organisation
Stats NZ Tatauranga Aotearoa, Selected price indexes (monthly)
Licence
Creative Commons Attribution 4.0 International (CC BY 4.0). This work is based on Stats NZ's data which are licensed by Stats NZ for reuse under the Creative Commons Attribution 4.0 International licence.
Reuse limits
Photos, graphics and logos are excluded. Stats NZ logos and government emblems must not be used.
Snapshot
data/raw/statsnz-selected-prices/2026-10-10_40d16d35fc10.csv
SHA256
40d16d35fc107e8d9225698e95ffb9044a6ebcaad2bd83d7aa44b4cd52bc790c
Retrieved
10 October 2026