Frankston
The median rent for a 2-bedroom unit in Frankston is $475 a week for leases that started in the year to September 2025, up 5.6% on a year earlier. That is 14% below the typical 2-bedroom unit rent across Melbourne ($550). The median sale price in the Mar 2026 quarter was $881,000 for a house and $600,000 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 Frankston
| Home | Rent a week | Change over a year | New leases |
|---|---|---|---|
| 1-bedroom unit | $350 | +6.1% | 176 |
| 2-bedroom unit | $475 | +5.6% | 427 |
| 3-bedroom unit | $560 | +1.8% | 149 |
| 2-bedroom house | $490 | +7.7% | 97 |
| 3-bedroom house | $570 | +3.6% | 715 |
| 4-bedroom house | $670 | +3.1% | 310 |
* Based on fewer than 20 new leases in the year, so it can swing a lot.
Median sale price
| Type | Median price | Period |
|---|---|---|
| House | $881,000 | Mar 2026 quarter |
| Unit | $600,000 | Mar 2026 quarter |
† Fewer than 10 sales. ‡ No sales that quarter, so an earlier figure is shown.
Suburbs with similar rent
- Altona $475 a week
- West Footscray $475 a week
- Dromana $478 a week
- Portsea $478 a week
- Broadmeadows $470 a week
- Carrum Downs $470 a week