Mitcham
The median rent for a 2-bedroom unit in Mitcham is $520 a week for leases that started in the year to September 2025, up 6.1% on a year earlier. That is 5% below the typical 2-bedroom unit rent across Melbourne ($550). The median sale price in the Mar 2026 quarter was $1,220,000 for a house and $942,000 for a unit. A year of rent for that home is about 3.2% of its median sale price (gross rental yield). The rent data covers Nunawading-Mitcham as one area, so these rent figures are shared by Mitcham, Nunawading.
Median rent in Mitcham
| Home | Rent a week | Change over a year | New leases |
|---|---|---|---|
| 1-bedroom unit | $435 | +8.8% | 59 |
| 2-bedroom unit | $520 | +6.1% | 223 |
| 3-bedroom unit | $650 | +4.8% | 100 |
| 2-bedroom house | $525 | +5.2% | 51 |
| 3-bedroom house | $625 | +5.0% | 203 |
| 4-bedroom house | $745 | +4.9% | 80 |
* Based on fewer than 20 new leases in the year, so it can swing a lot.
Median sale price
| Type | Median price | Period |
|---|---|---|
| House | $1,220,000 | Mar 2026 quarter |
| Unit | $942,000 | Mar 2026 quarter |
† Fewer than 10 sales. ‡ No sales that quarter, so an earlier figure is shown.
Suburbs with similar rent
- Avondale Heights $520 a week
- Ferntree Gully $520 a week
- Keilor East $520 a week
- Ringwood $520 a week
- Seddon $520 a week
- Springvale $520 a week