Canterbury
The median rent for a 2-bedroom unit in Canterbury is $570 a week for leases that started in the year to September 2025, up 3.6% on a year earlier. That is 4% above the typical 2-bedroom unit rent across Melbourne ($550). The median sale price in the Mar 2026 quarter was $3,260,000 for a house and $1,507,500 for a unit. A year of rent for that home is about 2.5% of its median sale price (gross rental yield). The rent data covers Canterbury-Surrey Hills-Mont Albert as one area, so these rent figures are shared by Canterbury, Mont Albert, Surrey Hills.
Median rent in Canterbury
| Home | Rent a week | Change over a year | New leases |
|---|---|---|---|
| 1-bedroom unit | $450 | +4.7% | 20 |
| 2-bedroom unit | $570 | +3.6% | 210 |
| 3-bedroom unit | $740 | +1.4% | 69 |
| 2-bedroom house | $620 | +5.1% | 24 |
| 3-bedroom house | $800 | +6.7% | 79 |
| 4-bedroom house | $1,100 | +10.0% | 103 |
* Based on fewer than 20 new leases in the year, so it can swing a lot.
Median sale price
| Type | Median price | Period |
|---|---|---|
| House | $3,260,000 | Mar 2026 quarter |
| Unit | $1,507,500 | Mar 2026 quarter |
† Fewer than 10 sales. ‡ No sales that quarter, so an earlier figure is shown.
Suburbs with similar rent
- Ashburton $570 a week
- Burwood $570 a week
- Hughesdale $570 a week
- Murrumbeena $570 a week
- Alphington $575 a week
- Doncaster East $575 a week