Prahran
The median rent for a 2-bedroom unit in Prahran is $650 a week for leases that started in the year to September 2025, up 8.3% on a year earlier. That is 18% above the typical 2-bedroom unit rent across Melbourne ($550). The median sale price in the Mar 2026 quarter was $1,425,000 for a house and $535,500 for a unit. A year of rent for that home is about 7.0% of its median sale price (gross rental yield). The rent data covers Prahran-Windsor as one area, so these rent figures are shared by Prahran, Windsor.
Median rent in Prahran
| Home | Rent a week | Change over a year | New leases |
|---|---|---|---|
| 1-bedroom unit | $460 | +3.4% | 803 |
| 2-bedroom unit | $650 | +8.3% | 679 |
| 3-bedroom unit | $950 | +6.1% | 94 |
| 2-bedroom house | $775 | +3.3% | 179 |
| 3-bedroom house | $975 | -0.5% | 150 |
| 4-bedroom house | $1,350 | 0.0% | 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 | $1,425,000 | Mar 2026 quarter |
| Unit | $535,500 | Mar 2026 quarter |
† Fewer than 10 sales. ‡ No sales that quarter, so an earlier figure is shown.
Suburbs with similar rent
- Armadale $650 a week
- Beaumaris $650 a week
- Hampton $650 a week
- Toorak $650 a week
- Albert Park $643 a week
- Middle Park $643 a week