Flemington
The median rent for a 2-bedroom unit in Flemington is $560 a week for leases that started in the year to September 2025, up 7.7% on a year earlier. That is 2% above the typical 2-bedroom unit rent across Melbourne ($550). The median sale price in the Mar 2026 quarter was $1,100,000 for a house and $490,000 for a unit. A year of rent for that home is about 5.8% of its median sale price (gross rental yield). The rent data covers Flemington-Kensington as one area, so these rent figures are shared by Flemington, Kensington.
Median rent in Flemington
| Home | Rent a week | Change over a year | New leases |
|---|---|---|---|
| 1-bedroom unit | $470 | +17.5% | 500 |
| 2-bedroom unit | $560 | +7.7% | 657 |
| 3-bedroom unit | $850 | +12.6% | 53 |
| 2-bedroom house | $620 | +1.6% | 166 |
| 3-bedroom house | $760 | +1.3% | 125 |
| 4-bedroom house | $945 | +3.8% | 31 |
* Based on fewer than 20 new leases in the year, so it can swing a lot.
Median sale price
| Type | Median price | Period |
|---|---|---|
| House | $1,100,000 | Mar 2026 quarter |
| Unit | $490,000 | Mar 2026 quarter |
† Fewer than 10 sales. ‡ No sales that quarter, so an earlier figure is shown.
Suburbs with similar rent
- Footscray $560 a week
- Ascot Vale $550 a week
- Ashburton $570 a week
- Blackburn $550 a week
- Burwood $570 a week
- Canterbury $570 a week