Perth has become one of Australia’s strongest rental markets, with demand remaining high and median rents reaching new records in 2025. While conditions have eased slightly from the extreme tightness of previous years, Perth is still experiencing low vacancy rates, rising rents, and strong competition across many suburbs.
This updated guide breaks down how much rent costs in Perth right now, how the market has shifted, and what renters and investors can expect moving forward.
Average Rent in Perth (2025)
As of late 2025, REIWA data shows Perth rents at their highest levels on record:
- Median weekly rent (all dwellings): ~$700/week
- Median weekly house rent: ~$700/week
- Median weekly unit/apartment rent: ~$660/week
These figures reflect continued growth driven by solid migration, limited supply, and strong investment activity—though the pace of increases has softened compared to previous spikes.
Rent by Dwelling Size (2025 Averages)
Approximate Perth metro figures:
- 2-bedroom house: ~$600/week
- 3-bedroom house: ~$680/week
- 4-bedroom house: ~$760/week
- 1-bedroom unit: ~$580/week
- 2-bedroom unit: ~$660/week
- 3-bedroom unit: ~$730/week
Prices vary significantly between suburbs, with coastal, inner-city, and river-adjacent areas commanding premiums.
Rental Market Trends in 2025
Perth’s rental market remains tight but is showing early signs of stabilisation.
Vacancy Rate: ~2.2%–2.5%
- This is higher than the crisis-level lows below 1% in 2022–2023
- Still below the balanced market range (2.5%–3.5%), meaning competition remains strong
- Rental supply has increased slightly, but demand continues to exceed available stock
Rental Listings
- A modest rise in listings has eased pressure slightly
- More investors are re-entering the market, attracted by Perth’s high yields and strong growth prospects
Time to Lease
- Properties lease in around two weeks (≈14–17 days)
- Well-located homes—especially 3–4 bedroom houses—often rent within days
For deeper insights into Perth’s overall real estate performance, visit our full market overview:
➡️ Perth property market
How Perth Rents Have Changed Over Time
Perth’s rental market has shifted dramatically over the past decade.
A summary of the earlier years:
Average Weekly House Rent:
- 2017: $350
- 2018: $350
- 2019: $360
- 2020: Rents began rising sharply
- 2021: ~$420
- 2022–2024: Strong upward surge driven by low supply and migration
Average Weekly Unit Rent:
- 2017–2021: Gradual increases from $300 to $370
- 2022–2024: Significant jump as affordability pushed more renters into units
Today, rents are more than 60–80% higher than their pre-COVID levels in many suburbs.
Suburbs With Strong Rent Growth in 2025
Several Perth suburbs continue to record above-average rent increases due to demand, lifestyle appeal, and limited stock:
- West Leederville – Strong demand for family homes and character properties
- Fremantle – Premium coastal appeal and tight vacancy
- Como – Popular with professionals and young families
- Applecross – Consistently high demand in luxury and riverside markets
- Wembley – Strong demand for renovated older homes near the CBD
For investors considering high-growth opportunities, explore our guide to:
➡️ Best places to invest in Perth
Cheapest Suburbs to Rent in Perth in 2025
While Perth rents are rising, several suburbs still offer more affordable options. Many renters are moving to outer-metro and inland areas for better value.
Some of Perth’s cheaper rental locations include:
- Armadale
- Coodanup
- Mandurah
- Medina
- Kelmscott
- Osborne Park
- Gosnells
- Rockingham
These suburbs often attract first-time renters, students, and households looking to maximise space on a budget.
To see the full updated list and suburb breakdowns, check out:
➡️ Cheapest places to rent in Perth
What’s Driving Perth Rent Prices in 2025?
1. Strong population growth & migration
Perth continues to attract interstate movers and overseas migrants seeking affordability relative to Sydney and Melbourne.
2. Limited rental supply
Despite a slight uptick in listings, supply remains far below long-term averages.
3. Rising cost of home ownership
High interest rates and insurance costs keep many households in the rental market longer.
4. Investor activity increasing
Perth offers some of the highest rental yields in Australia, drawing investor interest back into the market.
5. Construction delays & rising build costs
New housing supply has been constrained by builder insolvencies, labour shortages and rising material prices.
Final Thoughts
Rent in Perth now averages around $700 per week, placing the city among the fastest-growing rental markets in Australia. While conditions are easing slowly, renters still face strong competition, especially in sought-after inner and coastal areas.
For tenants:
- Start applications early
- Move quickly in competitive suburbs
- Consider more affordable pockets outside the CBD
For investors:
- Perth remains one of the strongest yield markets nationally
- Growth prospects across 2025–2026 remain positive
- Suburb selection is key, especially with shifting demand patterns
Whether renting or investing, staying informed on the latest market trends is essential for making confident decisions in Perth’s evolving property landscape.
Which suburbs are the cheapest to rent in Perth?
If you love living in a suburb, there are several ones in Perth that you can rent without breaking the bank. Some of the cheapest suburbs to rent in Perth are; Armadale, Coodanup, Mandurah, Medina, Kelmscott, Osborne Park, etc., and many more.
Final Thoughts
Rent in Perth has risen to around $680/week for houses and $650/week for units in 2025. While supply is slowly improving, prices remain high due to strong demand. For tenants, it’s wise to act fast in competitive suburbs. For investors, Perth continues to offer strong yields and growing long-term value.
