Rent in Palm Beach, QLD 4221
Median weekly rent on new leases lodged with the state bond authority, 12 months to June 2026. These are rents tenants signed up to pay, not advertised asking rents.
Figures cover the whole 4221 postcode area, which also includes Elanora.
Median weekly rent
$955/wk
all new leases
New leases
1,174
12 months to June 2026
12-month change
+7.5%
vs previous 12 months
5-year change
+71.5%
median new-lease rent
Palm Beach rent summary
In the 12 months to June 2026, 1,174 new leases were lodged with the state bond authority in the 4221 postcode area, at a median of $955 a week. The most common new lease was for 2-bedroom units (533 leases, median $820 a week). Houses leased for a median of $1,170 a week against $845 for units. Across all dwellings that is up 7.5% on the previous 12 months. Over five years the median new-lease rent has risen 71.5%.
Median weekly rent on new leases in Palm Beach
12 months to June 2026. 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 | $1,170/wk n = 354 | - | $760/wk n = 42 | $1,055/wk n = 166 | $1,415/wk n = 146 |
| Townhouses | $1,030/wk n = 84 | - | - | $1,030/wk n = 84 | - |
| Units | $845/wk n = 736 | $620/wk n = 113 | $820/wk n = 533 | $1,280/wk n = 90 | - |
| All dwellings | $955/wk n = 1,174 |
How rents on new leases have changed
Median for the 12 months to June 2026 against the same 12 months earlier.
| Segment | Median now | 1 year | 3 years | 5 years |
|---|---|---|---|---|
| All dwellings | $955/wk | +7.5% | +27.9% | +71.5% |
| Houses | $1,170/wk | +5.8% | +30.0% | +67.8% |
| Townhouses | $1,030/wk | +13.8% | +28.3% | +67.5% |
| Units | $845/wk | +6.4% | +31.1% | +76.5% |
| 2-bedroom units | $820/wk | +5.6% | +31.6% | +72.9% |
| 3-bedroom houses | $1,055/wk | +10.0% | +21.8% | +55.6% |
| 4-bedroom houses | $1,415/wk | +7.9% | +42.6% | +85.0% |
Median rent on new leases over time in Palm Beach
2016 to 2026, weekly rent. Periods with fewer than 10 leases are left out.
Suburb profile
Palm Beach suburb data
Median prices, rental yield, vacancy and growth for Palm Beach.
Sold prices
Recently sold in Palm Beach
Actual sale prices and days on market in Palm Beach.
Rent changes
Rent rises and cuts
Weekly rent increases and decreases on live rental listings across Australia.
Frequently asked questions about rent in Palm Beach
What is the median rent in Palm Beach?
In the 12 months to June 2026, the median weekly rent on 1,174 new leases in Palm Beach (the 4221 postcode area) was $955 a week.
How much is rent for a 2 bedroom unit in Palm Beach?
In the 12 months to June 2026, 533 new leases for 2-bedroom units were lodged in the 4221 postcode area, with a median rent of $820 a week.
How much is rent for a 3 bedroom house in Palm Beach?
In the 12 months to June 2026, 166 new leases for 3-bedroom houses were lodged in the 4221 postcode area, with a median rent of $1,055 a week.
How much is rent for a 4 bedroom house in Palm Beach?
In the 12 months to June 2026, 146 new leases for 4-bedroom houses were lodged in the 4221 postcode area, with a median rent of $1,415 a week.
Is rent going up in Palm Beach?
The median rent on new leases in the 4221 postcode area was up 7.5% in the 12 months to June 2026, compared with the 12 months before.
Where do these Palm Beach 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 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.