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.
The market rent tool shows bond information from the previous six months. It is a useful guide for landlords and tenants but should not be used alone to determine the market rent of any property.
Copyright, disclaimer and use of market rent data
Market Rent data is Crown copyright and licensed under a Creative Commons Attribution 3.0 New Zealand License(external link).
Please provide a link to this page if you reproduce or publish this data.
Tenancy Services accepts no liability for use of this data other than for the purpose referred to above, nor does it accept liability for errors whether or not due to negligence on the part of Tenancy Services or its employees.
About our market rent information
The market rent information comes from bond data. The results may not be a true indication of the rental market, as they only reflect properties where bonds have been lodged in the previous six months.
The data shows recent market rents for non-government owned properties that we have information on. It shouldn't be used to determine the market rent of any property or for any purpose other than as an indication of the non-government rental market based on bonds lodged with Tenancy Services.
The total bond in the green box includes all bonds, but the 'active bonds' column in the data about each dwelling type only includes current bonds in that six month time period.
The lower, median and upper quartile weekly rent figures in the data about each dwelling type are worked out by using the bonds that were lodged in the six month time period. If there are a small amount of bonds lodged in that six month time period the figures for each quartile of that dwelling type (eg, 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 (eg, apartments or units) and shared areas (eg, 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 (eg, a sleep-out).
Rental bond data
A selection of raw rental bond data from January 1993 is also available. You can use this for your own analysis free of charge.