Parkville
The median rent for a 2-bedroom unit in Parkville is $670 a week for leases that started in the year to September 2025, up 3.1% on a year earlier. That is 22% above the typical 2-bedroom unit rent across Melbourne ($550). The median sale price in the Mar 2026 quarter was $2,375,000 for a house and $440,000 for a unit. A year of rent for that home is about 6.8% of its median sale price (gross rental yield). The rent data covers Carlton-Parkville as one area, so these rent figures are shared by Carlton, Parkville.
Median rent in Parkville
| Home | Rent a week | Change over a year | New leases |
|---|---|---|---|
| 1-bedroom unit | $500 | +4.2% | 1,023 |
| 2-bedroom unit | $670 | +3.1% | 1,235 |
| 3-bedroom unit | $855 | 0.0% | 100 |
| 2-bedroom house | $670 | +3.1% | 57 |
| 3-bedroom house | $950 | +6.1% | 51 |
| 4-bedroom house | $1,100 | -8.3% | 29 |
* Based on fewer than 20 new leases in the year, so it can swing a lot.
Median sale price
| Type | Median price | Period |
|---|---|---|
| House | $2,375,000 † | Mar 2026 quarter |
| Unit | $440,000 | Mar 2026 quarter |
† Fewer than 10 sales. ‡ No sales that quarter, so an earlier figure is shown.
Suburbs with similar rent
- Brighton $680 a week
- North Melbourne $660 a week
- West Melbourne $660 a week
- Armadale $650 a week
- Beaumaris $650 a week
- Clifton Hill $690 a week