Perth has become one of Australia’s fastest-growing rental markets, and that trend has continued into 2026. While conditions have eased slightly compared to the peak rental crunch, rents remain at record highs, with strong demand and limited supply still shaping the market.
This guide breaks down how much rent costs in Perth right now, what’s driving prices, and what renters and investors can expect moving forward.
Average Rent in Perth (2026 Update)
Perth rents have continued rising from 2025 levels, with prices now sitting slightly higher across most property types.
Latest Perth rental prices
| Property Type | 2025 Average | 2026 Current Range |
|---|---|---|
| Median rent (all dwellings) | ~$700/week | $700 – $720/week |
| Houses | ~$700/week | $720 – $725/week |
| Units/Apartments | ~$660/week | $680 – $690/week |
? In simple terms:
Renting in Perth now typically costs $2,800 to $3,100 per month, depending on the property.
Rent by Property Size (2026)
Approximate updated Perth metro figures:
- 1-bedroom unit: ~$600/week
- 2-bedroom unit: ~$650 – $690/week
- 3-bedroom house: ~$700 – $720/week
- 4-bedroom house: ~$770+/week
Prices vary depending on location, with inner-city, coastal, and riverfront suburbs commanding premium rents.
Perth Rental Market Trends in 2026
Vacancy rates still tight
- Vacancy rates sit around 2%–2.5%
- Still below a balanced market, meaning competition remains strong
Demand still exceeds supply
Even with a slight increase in listings, there are still more renters than available properties.
Faster leasing times
- Most properties rent within 1–2 weeks
- Well-located homes often lease within days
For a broader view of housing trends, explore the full
Perth property market
How Perth Rents Have Changed Over Time
Perth’s rental market has shifted dramatically over the past few years:
- Pre-2020: ~$350/week average rents
- 2021: ~$420/week
- 2022–2024: Sharp increases due to low supply
- 2025: ~$700/week
- 2026: $700+ with slower growth
Overall, rents have increased 60%–80% over five years, making Perth one of the fastest-growing rental markets in Australia.
Suburbs With Strong Rental Demand
Some Perth suburbs continue to see strong rental growth due to lifestyle appeal and limited supply:
- West Leederville
- Fremantle
- Como
- Applecross
- Wembley
For investors looking at high-growth opportunities, see:
Best places to invest in Perth
Cheapest Places to Rent in Perth (2026)
Despite rising rents, some suburbs still offer more affordable options, especially in outer-metro areas:
- Armadale
- Mandurah
- Medina
- Kelmscott
- Gosnells
- Rockingham
These areas are popular with first-time renters and budget-conscious households.
For a full breakdown, visit:
Cheapest places to rent in Perth
What’s Driving Rent Prices in Perth
Population growth
More people moving to Perth is increasing rental demand.
Limited housing supply
Construction delays and low listing volumes are keeping supply tight.
High cost of buying
Rising property prices are keeping more people in the rental market.
Investor return
Strong rental yields are attracting investors, but supply still lags demand.
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 Takeaway
Rent in Perth now averages around $700+ per week in 2026, with houses slightly higher and units catching up quickly.
While growth is starting to stabilise, the market remains competitive. Renters still need to act fast, and investors continue to benefit from strong yields and long-term demand.