South Yarra
The median rent for a 2-bedroom unit in South Yarra is $700 a week for leases that started in the year to September 2025, up 2.9% on a year earlier. That is 27% above the typical 2-bedroom unit rent across Melbourne ($550). The median sale price in the Mar 2026 quarter was $2,025,000 for a house and $533,000 for a unit. A year of rent for that home is about 6.4% of its median sale price (gross rental yield).
Median rent in South Yarra
| Home | Rent a week | Change over a year | New leases |
|---|---|---|---|
| 1-bedroom unit | $500 | +4.2% | 1,378 |
| 2-bedroom unit | $700 | +2.9% | 1,288 |
| 3-bedroom unit | $1,100 | +15.8% | 140 |
| 2-bedroom house | $780 | +4.0% | 105 |
| 3-bedroom house | $1,100 | 0.0% | 91 |
| 4-bedroom house | $1,700 | +0.3% | 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 | $2,025,000 | Mar 2026 quarter |
| Unit | $533,000 | Mar 2026 quarter |
† Fewer than 10 sales. ‡ No sales that quarter, so an earlier figure is shown.
Suburbs with similar rent
- Burnley $700 a week
- Richmond $700 a week
- South Melbourne $700 a week
- Abbotsford $695 a week
- Collingwood $695 a week
- Clifton Hill $690 a week