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Wellington rents hit two year low

Rental Price Index - May 2025

19 June 2025

Rental Price Index - May 2025 vs Apr 2025

0.0% change month on month (-0.8% excluding Auckland)
RegionRental Price IndexPercentage Change
AucklandAuckland$675$675+0.7%+0.7%
Bay of PlentyBay of Plenty$670$670+1.5%+1.5%
CanterburyCanterbury$570$570-0.9%-0.9%
GisborneGisborne$680$6800.0%0.0%
Hawke's BayHawke's Bay$650$650-3.0%-3.0%
Manawatū / WhanganuiManawatū / Whanganui$550$550-0.0%-0.0%
MarlboroughMarlborough$575$575-4.2%-4.2%
Nelson / TasmanNelson / Tasman$580$580-2.5%-2.5%
NorthlandNorthland$600$6000.0 %0.0 %
OtagoOtago$625$625+4.2 %+4.2 %
SouthlandSouthland$495$495+3.1 %+3.1 %
TaranakiTaranaki$595$595-2.5 %-2.5 %
WaikatoWaikato$580$5800.0 %0.0 %
WellingtonWellington$620$620-3.9 %-3.9 %
West CoastWest Coast$450$450N/AN/A

Lower South Island rents on the rise

Rental Trends by Property Size in Main Cities

Median Weekly Rent by Property Size in Main Cities