If it feels like renting is more expensive these days, that's because it is.
New data from the Australian Bureau of Statistics shows rents have been climbing steadily since the COVID-19 pandemic — especially in capital cities.
In some states, that means an increase of over $250 a week compared to pre-pandemic levels.
How does your state compare?
Over the past six years, rents have surged in every state and territory.
Back in 2019, NSW and the ACT had the highest median rents at $480 per week. Fast forward to April 2025, and NSW still tops the list at $650 a week.
Western Australia has had the steepest rise in rents — jumping 75 per cent from $350 to $613 a week.
Tasmania has the lowest median rent, but even there, prices have climbed.
Tasmanians now pay $430 a week on average, up from $270 before the pandemic.
Western Australia has had the steepest rise in rents, but NSW has the highest median rental price. Source: SBS News
- NSW: $650 (Previously: $480)
- Western Australia: $613 (Previously: $350)
- ACT: $595 (Previously: $480)
- Northern Territory: $560 (Previously: $430)
- Queensland: $560 (Previously: $380)
- Victoria: $520 (Previously: $385)
- South Australia: $495 (Previously: $325)
- Tasmania: $430 (Previously: $270)
Rental inflation has finally slowed across capital cities — but it's still cheaper to live in regional areas. Source: SBS News
Is living further from the CBD cheaper?
We've always known city living comes at a premium — but that dynamic briefly flipped during the pandemic.
Right now, rents in capital cities are still high — but that growth has started to slow. As of April 2025, annual rental inflation in capital cities has eased to around 5.5 per cent, down from a peak of 8.5 per cent in late 2023.
But that's still an increase from the pandemic era, where rents in capital cities actually fell. With international borders closed, temporary rent freezes, and a wave of people moving out, city demand dropped and vacancies rose.
At the same time, rents in regional areas rose, driven by people relocating and tighter supply.
While rents in some regional areas have caught up, it's still a more affordable rental option than the CBD — though the gap has narrowed in recent years.
The data says it could be cheaper to live just outside of the CBD. Source: SBS News
Should you stay or should you go?
Many renters are left wondering: in the face of rental hikes, is it cheaper to move or stay put?
The data suggests rent increases have become both larger and more common since the pandemic — no matter if you move or not.
Since mid-2022, the majority of properties (80-95 per cent) with new tenants saw rent hikes compared to the previous lease. This hit a high of 94 per cent in early 2023 and eased to 83 per cent in April 2025.
Existing tenants haven't been spared either. Around 82 per cent of renters who stayed in place experienced a rent increase by late 2023.
Even if you choose to stay, you might still be hit with a rental increase. Around 82 per cent of renters who stayed in place experienced a rent increase by late 2023. Source: SBS News
Who's hit harder: movers or stayers?
Rent increases are usually bigger for those moving into a new property.
Between June 2022 and June 2023:
- 70 per cent of new tenants faced rent hikes of over 10 per cent.
- Only 30 per cent of existing tenants had increases that steep.
But in good news, more recently, rent hikes have started to ease.
As of April 2025, 43 per cent of new tenants experienced a rent rise of more than 10 per cent, while 10 per cent of people saw no change.
Among existing tenants, just under half (48 per cent) had a rent rise under 10 per cent, while one in four had no increase at all.
