Rent in Frankston, VIC 3199
Median weekly rent on new leases lodged with the state bond authority, 12 months to September 2025. These are rents tenants signed up to pay, not advertised asking rents.
Median weekly rent
$550/wk
all new leases
New leases
1,990
12 months to September 2025
12-month change
+7.8%
vs previous 12 months
5-year change
+48.6%
median new-lease rent
Frankston rent summary
In the 12 months to September 2025, 1,990 new leases were lodged with the state bond authority in Frankston, at a median of $550 a week. The most common new lease was for 3-bedroom houses (715 leases, median $570 a week). Houses leased for a median of $590 a week against $465 for units. Across all dwellings that is up 7.8% on the previous 12 months. Over five years the median new-lease rent has risen 48.6%.
Median weekly rent on new leases in Frankston
12 months to September 2025. Median, then the range the middle half of leases fell in where published, then n = number of leases.
| Dwelling | All bedrooms | 1 bed | 2 bed | 3 bed | 4 bed |
|---|---|---|---|---|---|
| Houses | $590/wk n = 1,122 | - | $490/wk n = 97 | $570/wk n = 715 | $670/wk n = 310 |
| Units | $465/wk n = 752 | $350/wk n = 176 | $475/wk n = 427 | $560/wk n = 149 | - |
| All dwellings | $550/wk n = 1,990 |
How rents on new leases have changed
Median for the 12 months to September 2025 against the same 12 months earlier.
| Segment | Median now | 1 year | 3 years | 5 years |
|---|---|---|---|---|
| All dwellings | $550/wk | +7.8% | +27.9% | +48.6% |
| Houses | $590/wk | +3.5% | +23.9% | +43.7% |
| Units | $465/wk | +3.1% | +27.4% | +44.4% |
| 3-bedroom houses | $570/wk | +3.6% | +23.9% | +42.5% |
| 2-bedroom units | $475/wk | +5.6% | +30.1% | +43.9% |
| 4-bedroom houses | $670/wk | +3.1% | +21.8% | +45.7% |
Median rent on new leases over time in Frankston
2015 to 2025, weekly rent. Periods with fewer than 10 leases are left out.
Suburb profile
Frankston suburb data
Median prices, rental yield, vacancy and growth for Frankston.
Sold prices
Recently sold in Frankston
Actual sale prices and days on market in Frankston.
Rent changes
Rent rises and cuts
Weekly rent increases and decreases on live rental listings across Australia.
Frequently asked questions about rent in Frankston
What is the median rent in Frankston?
In the 12 months to September 2025, the median weekly rent on 1,990 new leases in Frankston was $550 a week.
How much is rent for a 3 bedroom house in Frankston?
In the 12 months to September 2025, 715 new leases for 3-bedroom houses were lodged in Frankston, with a median rent of $570 a week.
How much is rent for a 2 bedroom unit in Frankston?
In the 12 months to September 2025, 427 new leases for 2-bedroom units were lodged in Frankston, with a median rent of $475 a week.
How much is rent for a 4 bedroom house in Frankston?
In the 12 months to September 2025, 310 new leases for 4-bedroom houses were lodged in Frankston, with a median rent of $670 a week.
Is rent going up in Frankston?
The median rent on new leases in Frankston was up 7.8% in the 12 months to September 2025, compared with the 12 months before.
Where do these Frankston rent figures come from?
They are rents agreed on new leases lodged with the state bond authority, not advertised asking rents, so they reflect what tenants actually signed up to pay. No addresses are included; figures are published by area.
How these figures are calculated
Rents are from new residential leases lodged with the state bond authority, which publishes them by area as rolling 12-month figures each quarter. Where several periods or bedroom counts are combined, each published median is weighted by the number of leases behind it. Any figure based on fewer than 10 leases is not shown. Changes compare one 12-month period with the same period one, three or five years earlier. No addresses are included in this data.