Cranbourne
The median rent for a 2-bedroom unit in Cranbourne is $460 a week for leases that started in the year to September 2025, up 2.2% on a year earlier. That is 16% below the typical 2-bedroom unit rent across Melbourne ($550). The median sale price in the Mar 2026 quarter was $737,500 for a house and $537,500 for a unit. A year of rent for that home is about 4.4% of its median sale price (gross rental yield).
Median rent in Cranbourne
| Home | Rent a week | Change over a year | New leases |
|---|---|---|---|
| 1-bedroom unit | $400 | +9.6% | 34 |
| 2-bedroom unit | $460 | +2.2% | 100 |
| 3-bedroom unit | $530 | +6.0% | 96 |
| 2-bedroom house | $490 | +3.2% | 129 |
| 3-bedroom house | $550 | +5.8% | 1,622 |
| 4-bedroom house | $600 | +0.8% | 2,739 |
* Based on fewer than 20 new leases in the year, so it can swing a lot.
Median sale price
| Type | Median price | Period |
|---|---|---|
| House | $737,500 | Mar 2026 quarter |
| Unit | $537,500 | Mar 2026 quarter |
† Fewer than 10 sales. ‡ No sales that quarter, so an earlier figure is shown.
Suburbs with similar rent
- Dandenong North $468 a week
- Endeavour Hills $468 a week
- Broadmeadows $470 a week
- Carrum Downs $470 a week
- Dandenong $450 a week
- Epping $450 a week