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Rental market shows signs of stabilising as decline narrows
Rental Price Index - May 2026
By Casey Wylde 19 May 2026.png)
Median weekly rents by region, May 2026
Canterbury stands out as the country's strongest metro rental market
Pōneke renters feeling the most relief
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Median weekly rent by property type, and region. May 2026
Tāmaki Makaurau joint priciest, but affordability is improving
Supply falling while demand grows: a market to watch
| Region | Rental Price Index | ||
|---|---|---|---|
| Auckland | Auckland | $660 | $660 |
| Bay of Plenty | Bay of Plenty | $660 | $660 |
| Canterbury | Canterbury | $580 | $580 |
| Gisborne | Gisborne | $620 | $620 |
| Hawke's Bay | Hawke's Bay | $620 | $620 |
| Manawatu/Whanganui | Manawatu/Whanganui | $550 | $550 |
| Marlborough | Marlborough | $560 | $560 |
| Nelson/Tasman | Nelson/Tasman | $580 | $580 |
| Northland | Northland | $600 | $600 |
| Otago | Otago | $640 | $640 |
| Southland | Southland | $500 | $500 |
| Taranaki | Taranaki | $580 | $580 |
| Waikato | Waikato | $595 | $595 |
| Wellington | Wellington | $600 | $600 |
| West Coast | West Coast | NA | NA |
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