Parkdale
The median rent for a 2-bedroom unit in Parkdale is $550 a week for leases that started in the year to September 2025, up 5.8% on a year earlier. That is in line with the typical 2-bedroom unit rent across Melbourne. The median sale price in the Mar 2026 quarter was $1,850,000 for a house and $830,000 for a unit. A year of rent for that home is about 3.7% of its median sale price (gross rental yield). The rent data covers Mentone-Parkdale-Mordialloc as one area, so these rent figures are shared by Mentone, Mordialloc, Parkdale.
Median rent in Parkdale
| Home | Rent a week | Change over a year | New leases |
|---|---|---|---|
| 1-bedroom unit | $405 | +2.5% | 193 |
| 2-bedroom unit | $550 | +5.8% | 411 |
| 3-bedroom unit | $720 | +3.2% | 95 |
| 2-bedroom house | $600 | +4.3% | 47 |
| 3-bedroom house | $750 | +7.1% | 160 |
| 4-bedroom house | $910 | +7.1% | 89 |
* Based on fewer than 20 new leases in the year, so it can swing a lot.
Median sale price
| Type | Median price | Period |
|---|---|---|
| House | $1,850,000 | Mar 2026 quarter |
| Unit | $830,000 | Mar 2026 quarter |
† Fewer than 10 sales. ‡ No sales that quarter, so an earlier figure is shown.
Suburbs with similar rent
- Ascot Vale $550 a week
- Blackburn $550 a week
- Cheltenham $550 a week
- Coburg $550 a week
- Moonee Ponds $550 a week
- Pascoe Vale South $550 a week