Market rent is the amount a landlord might reasonably expect to receive, and a tenant might reasonably expect to pay, for a tenancy. It needs to be similar to the rent charged for similar properties in similar areas.

If a landlord charges significantly higher rent than the market rent, a tenant can apply to the Tenancy Tribunal to ask for the rent to be reduced.

About our market rent information

Market rent data is based on information supplied at the time a bond is lodged, including property type, number of bedrooms, rent amount, and landlord type. We have identified a significant increase in bonds recorded as one-bedroom properties where the information provided may not accurately reflect the number of bedrooms in the property. This may affect both the reported number of one bedroom properties and the associated market rent figures. Users should therefore interpret data for one bedroom properties with caution.

How to read the market rent results

The total bond in the green box includes all bonds. The 'active bonds' column in the data for each dwelling type only includes current bonds in that 6 month time period.

The lower, median and upper quartile weekly rent figures in the data about each dwelling type are worked out from bonds that were lodged in the 6 month time period. If there were a small amount of bonds lodged in that 6 month time period the figures for each quartile of that dwelling type (for example, a 2 bedroom house) may be similar.

The market rent regions are based on suburbs in the New Zealand Address Dataset (NZAD).

The weekly rent figures are subject to rounding.

Dwelling type definitions

House/Townhouse: A self-contained property, usually a building with land.

Apartment: A property with self-contained areas (for example, apartments or units) and shared areas (for example, lifts or driveways).

Boarding House room: A boarding house room is a separately rented room with shared facilities in a building intended for 6 people or more.

Room: A room that is rented separately with shared facilities in a building intended for less than 6 people.

Bedsit/Flat: Part of a subdivided building, or a building which is independent of the primary residence of a property (for example, a sleep-out).

Recent changes to the tool

In June 2021, the data in the tool was changed so that it doesn’t report on the most recent month, for example, June’s market rent tool information does not include May’s data.

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Last updated: 04 November 2026