Oak Park
The median rent for a 2-bedroom unit in Oak Park is $490 a week for leases that started in the year to September 2025, up 4.3% on a year earlier. That is 11% below the typical 2-bedroom unit rent across Melbourne ($550). The median sale price in the Mar 2026 quarter was $1,070,000 for a house and $750,000 for a unit. A year of rent for that home is about 3.8% of its median sale price (gross rental yield). The rent data covers Oak Park-Glenroy-Fawkner as one area, so these rent figures are shared by Fawkner, Glenroy, Oak Park.
Median rent in Oak Park
| Home | Rent a week | Change over a year | New leases |
|---|---|---|---|
| 1-bedroom unit | $385 | -3.8% | 65 |
| 2-bedroom unit | $490 | +4.3% | 530 |
| 3-bedroom unit | $600 | +2.6% | 242 |
| 2-bedroom house | $500 | +4.2% | 133 |
| 3-bedroom house | $551 | +4.0% | 368 |
| 4-bedroom house | $660 | +1.5% | 102 |
* Based on fewer than 20 new leases in the year, so it can swing a lot.
Median sale price
| Type | Median price | Period |
|---|---|---|
| House | $1,070,000 | 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
- Bundoora $490 a week
- Greensborough $490 a week
- Hurstbridge $490 a week
- Yarra Ranges $488 a week
- Bayswater $493 a week
- Noble Park $495 a week