Pakenham
The median rent for a 2-bedroom unit in Pakenham is $450 a week for leases that started in the year to September 2025, up 7.1% on a year earlier. That is 18% below the typical 2-bedroom unit rent across Melbourne ($550). The median sale price in the Mar 2026 quarter was $725,000 for a house and $566,300 for a unit. A year of rent for that home is about 4.3% of its median sale price (gross rental yield).
Median rent in Pakenham
| Home | Rent a week | Change over a year | New leases |
|---|---|---|---|
| 1-bedroom unit | $395* | +23.4% | 18 |
| 2-bedroom unit | $450 | +7.1% | 92 |
| 3-bedroom unit | $500 | +6.4% | 101 |
| 2-bedroom house | $460 | +2.2% | 87 |
| 3-bedroom house | $530 | +6.0% | 715 |
| 4-bedroom house | $590 | +3.5% | 636 |
* Based on fewer than 20 new leases in the year, so it can swing a lot.
Median sale price
| Type | Median price | Period |
|---|---|---|
| House | $725,000 | Mar 2026 quarter |
| Unit | $566,300 | Mar 2026 quarter |
† Fewer than 10 sales. ‡ No sales that quarter, so an earlier figure is shown.
Suburbs with similar rent
- Dandenong $450 a week
- Epping $450 a week
- Gladstone Park $450 a week
- Lalor $450 a week
- Mill Park $450 a week
- Sydenham $450 a week