Albert Park
The median rent for a 2-bedroom unit in Albert Park is $643 a week for leases that started in the year to September 2025, up 4.6% on a year earlier. That is 17% above the typical 2-bedroom unit rent across Melbourne ($550). The median sale price in the Mar 2026 quarter was $1,985,000 for a house and $1,030,000 for a unit. A year of rent for that home is about 4.5% of its median sale price (gross rental yield). The rent data covers Albert Park-Middle Park-West St Kilda as one area, so these rent figures are shared by Albert Park, Middle Park, St Kilda West.
Median rent in Albert Park
| Home | Rent a week | Change over a year | New leases |
|---|---|---|---|
| 1-bedroom unit | $450 | +2.3% | 176 |
| 2-bedroom unit | $643 | +4.6% | 144 |
| 3-bedroom unit | $825 | -12.0% | 21 |
| 2-bedroom house | $760 | -5.0% | 84 |
| 3-bedroom house | $1,150 | -2.1% | 80 |
| 4-bedroom house | $1,400 | -6.7% | 35 |
* Based on fewer than 20 new leases in the year, so it can swing a lot.
Median sale price
| Type | Median price | Period |
|---|---|---|
| House | $1,985,000 | Mar 2026 quarter |
| Unit | $1,030,000 | Mar 2026 quarter |
† Fewer than 10 sales. ‡ No sales that quarter, so an earlier figure is shown.
Suburbs with similar rent
- Glen Waverley $640 a week
- Mulgrave $640 a week
- Armadale $650 a week
- Beaumaris $650 a week
- Hampton $650 a week
- Prahran $650 a week