Rent in Kensington, VIC 3031
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.
Kensington is published together with Flemington: the rents describe the combined area, and lease counts are shared between the suburbs.
Median weekly rent
$570/wk
all new leases
New leases
819
12 months to September 2025
12-month change
+14.0%
vs previous 12 months
5-year change
+29.5%
median new-lease rent
Kensington rent summary
In the 12 months to September 2025, 819 new leases were lodged with the state bond authority in Kensington, at a median of $570 a week. The most common new lease was for 2-bedroom units (328 leases, median $560 a week). Houses leased for a median of $705 a week against $535 for units. Across all dwellings that is up 14.0% on the previous 12 months. Over five years the median new-lease rent has risen 29.5%.
Median weekly rent on new leases in Kensington
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 | $705/wk n = 160 | - | $620/wk n = 83 | $760/wk n = 62 | $945/wk n = 15 |
| Units | $535/wk n = 604 | $470/wk n = 250 | $560/wk n = 328 | $850/wk n = 26 | - |
| All dwellings | $570/wk n = 819 |
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 | $570/wk | +14.0% | +39.0% | +29.5% |
| Houses | $705/wk | +1.5% | +18.0% | +18.0% |
| Units | $535/wk | +12.9% | +44.5% | +31.4% |
| 2-bedroom units | $560/wk | +7.7% | +43.6% | +33.3% |
| 1-bedroom units | $470/wk | +17.5% | +46.9% | +28.8% |
| 2-bedroom houses | $620/wk | +1.6% | +19.2% | +18.1% |
Median rent on new leases over time in Kensington
2015 to 2025, weekly rent. Periods with fewer than 10 leases are left out.
Suburb profile
Kensington suburb data
Median prices, rental yield, vacancy and growth for Kensington.
Sold prices
Recently sold in Kensington
Actual sale prices and days on market in Kensington.
Rent changes
Rent rises and cuts
Weekly rent increases and decreases on live rental listings across Australia.
Frequently asked questions about rent in Kensington
What is the median rent in Kensington?
In the 12 months to September 2025, the median weekly rent on 819 new leases in Kensington was $570 a week.
How much is rent for a 2 bedroom unit in Kensington?
In the 12 months to September 2025, 328 new leases for 2-bedroom units were lodged in Kensington, with a median rent of $560 a week.
How much is rent for a 1 bedroom unit in Kensington?
In the 12 months to September 2025, 250 new leases for 1-bedroom units were lodged in Kensington, with a median rent of $470 a week.
How much is rent for a 2 bedroom house in Kensington?
In the 12 months to September 2025, 83 new leases for 2-bedroom houses were lodged in Kensington, with a median rent of $620 a week.
Is rent going up in Kensington?
The median rent on new leases in Kensington was up 14.0% in the 12 months to September 2025, compared with the 12 months before.
Where do these Kensington 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.