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Renters Celebrate 3.1% Drop in National Median Rent

5/24/2025

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Summary

Story summary

In Aotearoa, April brought a sigh of relief for renters as the national median rent dipped to $560 per week, a 3.1% drop from last year. Notable declines were seen in Otago (-4.8%), Bay of Plenty (-2.9%), and Auckland (-1.5%). With listings up 27% from last year, renters now enjoy a wider selection despite a slight supply dip.

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Story summary

In Aotearoa, April brought a sigh of relief for renters as the national median rent dipped to $560 per week, a 3.1% drop from last year. Notable declines were seen in Otago (-4.8%), Bay of Plenty (-2.9%), and Auckland (-1.5%). With listings up 27% from last year, renters now enjoy a wider selection despite a slight supply dip.