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.
Market rent is a useful guide for landlords when they’re deciding what the rent will be. 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.
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 6 months.
We don’t include any area that has fewer than five bonds lodged. This stops specific properties being identified. The totals include all bonds, so the categories may not add up to the total in the ‘all’ category.
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.
About the market rent regions
The market rent regions are based on Statistical Area Units from the 2001 Census. They are grouped with adjacent Area Units with similar weekly rentals. The regions are not an exact match to the Census Statistical Area Units.
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).
Historical market rent data
A selection of raw rental bond data available on the Ministry of Business Innovation and Employment website.(external link) You can use this for your own analysis free of charge.