Fitzroy
The median rent for a 2-bedroom unit in Fitzroy is $750 a week for leases that started in the year to September 2025, up 3.4% on a year earlier. That is 36% above the typical 2-bedroom unit rent across Melbourne ($550). The median sale price in the Mar 2026 quarter was $1,760,000 for a house and $750,000 for a unit. A year of rent for that home is about 5.2% of its median sale price (gross rental yield).
Median rent in Fitzroy
| Home | Rent a week | Change over a year | New leases |
|---|---|---|---|
| 1-bedroom unit | $528 | +0.6% | 204 |
| 2-bedroom unit | $750 | +3.4% | 223 |
| 3-bedroom unit | $1,175 | +17.5% | 32 |
| 2-bedroom house | $848 | +11.6% | 52 |
| 3-bedroom house | $1,100 | +10.0% | 48 |
| 4-bedroom house | $1,350* | +14.9% | 11 |
* Based on fewer than 20 new leases in the year, so it can swing a lot.
Median sale price
| Type | Median price | Period |
|---|---|---|
| House | $1,760,000 | Mar 2026 quarter |
| Unit | $750,000 | Mar 2026 quarter |
† Fewer than 10 sales. ‡ No sales that quarter, so an earlier figure is shown.
Suburbs with similar rent
- Port Melbourne $745 a week
- Docklands $763 a week
- Melbourne $735 a week
- Southbank $720 a week
- Burnley $700 a week
- Richmond $700 a week