Rent in Ultimo, NSW 2007
Median weekly rent on new leases lodged with the state bond authority, 12 months to August 2026. These are rents tenants signed up to pay, not advertised asking rents.
Figures cover the whole 2007 postcode area, which also includes Broadway.
Median weekly rent
$675/wk
all new leases
New leases
2,435
12 months to August 2026
12-month change
+6.3%
vs previous 12 months
Middle half paid
$595/wk - $770/wk
25th to 75th percentile
Ultimo rent summary
In the 12 months to August 2026, 2,435 new leases were lodged with the state bond authority in the 2007 postcode area, at a median of $675 a week; the middle half of leases were between $595 and $770. The most common new lease was for 1-bedroom units (888 leases, median $655 a week). Houses leased for a median of $860 a week against $795 for units. Across all dwellings that is up 6.3% on the previous 12 months. Over three years the median new-lease rent has risen 29.0%.
Median weekly rent on new leases in Ultimo
12 months to August 2026. Median, then the range the middle half of leases fell in where published, then n = number of leases.
| Dwelling | All bedrooms | Studio | 1 bed | 2 bed | 3 bed |
|---|---|---|---|---|---|
| Houses | $860/wk $730-$960 n = 86 | <10 leases | $515/wk $395-$700 n = 44 | $1,140/wk $985-$1,155 n = 23 | $1,525/wk $1,275-$1,525 n = 10 |
| Townhouses | $1,160/wk $1,070-$1,160 n = 18 | - | <10 leases | <10 leases | <10 leases |
| Units | $795/wk $695-$925 n = 1,278 | $550/wk $505-$670 n = 45 | $655/wk $560-$770 n = 888 | $1,080/wk $960-$1,255 n = 279 | $1,565/wk $1,430-$1,700 n = 58 |
| All dwellings | $675/wk $595-$770 n = 2,435 |
How rents on new leases have changed
Median for the 12 months to August 2026 against the same 12 months earlier.
| Segment | Median now | 1 year | 3 years |
|---|---|---|---|
| All dwellings | $675/wk | +6.3% | +29.0% |
| Houses | $860/wk | -7.1% | +8.5% |
| Units | $795/wk | +7.6% | +15.8% |
| 1-bedroom units | $655/wk | +6.3% | +17.0% |
| 2-bedroom units | $1,080/wk | +7.9% | +20.7% |
| 3-bedroom units | $1,565/wk | +3.7% | +16.7% |
Median rent on new leases over time in Ultimo
2022 to 2026, weekly rent. Periods with fewer than 10 leases are left out.
Suburb profile
Ultimo suburb data
Median prices, rental yield, vacancy and growth for Ultimo.
Sold prices
Recently sold in Ultimo
Actual sale prices and days on market in Ultimo.
Rent changes
Rent rises and cuts
Weekly rent increases and decreases on live rental listings across Australia.
Frequently asked questions about rent in Ultimo
What is the median rent in Ultimo?
In the 12 months to August 2026, the median weekly rent on 2,435 new leases in Ultimo (the 2007 postcode area) was $675 a week; the middle half of leases were between $595 and $770.
How much is rent for a 1 bedroom unit in Ultimo?
In the 12 months to August 2026, 888 new leases for 1-bedroom units were lodged in the 2007 postcode area, with a median rent of $655 a week; the middle half of leases were between $560 and $770.
How much is rent for a 2 bedroom unit in Ultimo?
In the 12 months to August 2026, 279 new leases for 2-bedroom units were lodged in the 2007 postcode area, with a median rent of $1,080 a week; the middle half of leases were between $960 and $1,255.
How much is rent for a 3 bedroom unit in Ultimo?
In the 12 months to August 2026, 58 new leases for 3-bedroom units were lodged in the 2007 postcode area, with a median rent of $1,565 a week; the middle half of leases were between $1,430 and $1,700.
Is rent going up in Ultimo?
The median rent on new leases in the 2007 postcode area was up 6.3% in the 12 months to August 2026, compared with the 12 months before.
Where do these Ultimo 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 month. 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.