Glen Waverley
The median rent for a 2-bedroom unit in Glen Waverley is $640 a week for leases that started in the year to September 2025, up 6.7% on a year earlier. That is 16% above the typical 2-bedroom unit rent across Melbourne ($550). The median sale price in the Mar 2026 quarter was $1,702,500 for a house and $885,000 for a unit. A year of rent for that home is about 3.4% of its median sale price (gross rental yield). The rent data covers Glen Waverley-Mulgrave as one area, so these rent figures are shared by Glen Waverley, Mulgrave.
Median rent in Glen Waverley
| Home | Rent a week | Change over a year | New leases |
|---|---|---|---|
| 1-bedroom unit | $550 | +10.0% | 55 |
| 2-bedroom unit | $640 | +6.7% | 297 |
| 3-bedroom unit | $660 | +1.5% | 221 |
| 2-bedroom house | $590 | +7.3% | 29 |
| 3-bedroom house | $640 | +4.1% | 520 |
| 4-bedroom house | $780 | +5.4% | 546 |
* Based on fewer than 20 new leases in the year, so it can swing a lot.
Median sale price
| Type | Median price | Period |
|---|---|---|
| House | $1,702,500 | Mar 2026 quarter |
| Unit | $885,000 | Mar 2026 quarter |
† Fewer than 10 sales. ‡ No sales that quarter, so an earlier figure is shown.
Suburbs with similar rent
- Albert Park $643 a week
- Middle Park $643 a week
- St Kilda West $643 a week
- Armadale $650 a week
- Beaumaris $650 a week
- Brighton East $630 a week