Essendon
The median rent for a 2-bedroom unit in Essendon is $510 a week for leases that started in the year to September 2025, up 2.0% on a year earlier. That is 7% below the typical 2-bedroom unit rent across Melbourne ($550). The median sale price in the Mar 2026 quarter was $1,858,500 for a house and $535,000 for a unit. A year of rent for that home is about 4.8% of its median sale price (gross rental yield).
Median rent in Essendon
| Home | Rent a week | Change over a year | New leases |
|---|---|---|---|
| 1-bedroom unit | $430 | +2.4% | 298 |
| 2-bedroom unit | $510 | +2.0% | 672 |
| 3-bedroom unit | $650 | +4.8% | 174 |
| 2-bedroom house | $550 | +8.9% | 80 |
| 3-bedroom house | $650 | +4.0% | 282 |
| 4-bedroom house | $895 | +0.6% | 145 |
* Based on fewer than 20 new leases in the year, so it can swing a lot.
Median sale price
| Type | Median price | Period |
|---|---|---|
| House | $1,858,500 | Mar 2026 quarter |
| Unit | $535,000 | Mar 2026 quarter |
† Fewer than 10 sales. ‡ No sales that quarter, so an earlier figure is shown.
Suburbs with similar rent
- Scoresby $510 a week
- Wantirna $510 a week
- Avondale Heights $520 a week
- Berwick $500 a week
- Boronia $500 a week
- Brunswick West $500 a week