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Auckland · Q1 2026

Leabank

Median weekly rent, six-year trend and rental yield for Leabank — built from 48 tenancy bonds lodged with Tenancy Services.

$630
median weekly rent · Q1 2026
↓ -1.6% year on year
Typical range
$499–$723
middle 50% of new tenancies
Year on year
-1.6%
vs Q1 2025
Annual rent
$32,760
at the median, 52 weeks
Sample size
48
new bonds this quarter
01

Where Leabank sits in Auckland

Every one of the 246 suburbs we track is a tick on this scale, placed by its median weekly rent. Leabank is the 67th most affordable of the 246 Auckland suburbs we track — cheaper than 73% of them.

Leabank $630 $295 cheapest $993 dearest

The median weekly rent in Leabank is $630, based on 48 new tenancy bonds lodged in Q1 2026. That is almost exactly in line with the Auckland-wide median of $622.

Over the past year the median has fallen 1.6%, and it is up 7% on Q1 2020, when the median was $560.

Most new tenancies fall between $499 and $723 a week — the middle half of the market.

Leabank is the 67th most affordable of the 246 Auckland suburbs we track — cheaper than 73% of them.

02

Six years of rent

Median weekly rent on new tenancies, Q1 2020 to Q1 2026. Hover the chart to read any quarter.

$480$600$720 $630 Q1 2020Q1 2023Q1 2026
View the numbers behind this chart
QuarterMedian weekly rentNew bonds
Q1 2020$56027
Q2 2020$53521
Q3 2020$55024
Q4 2020$58036
Q1 2021$59042
Q2 2021$60039
Q3 2021$60030
Q4 2021$61539
Q1 2022$59024
Q2 2022$66039
Q3 2022$59845
Q4 2022$62539
Q1 2023$62045
Q2 2023$60536
Q3 2023$63542
Q4 2023$59554
Q1 2024$65054
Q2 2024$68030
Q3 2024$65051
Q4 2024$58051
Q1 2025$64063
Q2 2025$64366
Q3 2025$66066
Q4 2025$62054
Q1 2026$63048
03

Rent by size

Q1 2026. Sizes with fewer than five bonds are withheld by Tenancy Services to protect tenants' privacy.

1 bedroom $595 30 bonds
2 bedrooms $520 6 bonds
3 bedrooms $650 6 bonds
4 bedrooms $800 6 bonds
04

Rental yield

Pre-filled with the Leabank median rent. Enter a purchase price to see the gross yield.

Gross yield ignores rates, insurance, maintenance, management and vacancy. Net yield is typically 1–2 percentage points lower — the full calculator works both out.

Gross rental yield

05

Nearby suburbs

The closest suburbs to Leabank, by distance between area centres.

SuburbMedian weeklyDifferenceDistance
Rowandale$639+$91.1 km
Manurewa$633+$31.2 km
Wattle Downs$655+$251.5 km
Homai$633+$31.9 km
Weymouth$652+$221.9 km
Burbank$688+$582.1 km
06

What you could build in Leabank

Rent tells you what a Leabank property earns today. Zoning tells you what it could become — a second dwelling on the same section changes the income on this page entirely.

Leabank zoning, granny-flat rules and flood overlays

Our companion tool PropertyScope reads Auckland Council's planning data for any Leabank address — the zone, how many dwellings are allowed, whether a 70m² granny flat qualifies, and any hazard overlays on the land. At the Leabank median of $630 a week, a second dwelling would add roughly $32,760 a year in gross rent.

Check Leabank zoning and development rules →
07

Common questions

What is the average rent in Leabank?
The median weekly rent for a new tenancy in Leabank is $630 (Q1 2026), from 48 bonds lodged with Tenancy Services. We use the median rather than a simple average because it is not distorted by a handful of very high or very low rents.
Are rents in Leabank going up or down?
Rents are easing — the median is down 1.6% on the same quarter last year. Over five years the median has moved +6.8%.
How much is a three-bedroom in Leabank?
A one-bedroom is typically $595 a week, a two-bedroom $520, a three-bedroom $650, a four-bedroom $800.
Is Leabank expensive compared with the rest of Auckland?
At $630 a week, Leabank is above the Auckland median of $622. Leabank is the 67th most affordable of the 246 Auckland suburbs we track — cheaper than 73% of them.
What rental yield does Leabank produce?
Gross yield depends on the purchase price. At the Leabank median rent of $630 a week, annual rent is about $32,760. Divide that by the property price for gross yield — $32,760 on a $800,000 property is roughly 4.0%.

Thinking of renting out or selling in Leabank?

Amit Sharma is an award-winning Auckland agent. Get a free, no-obligation appraisal of what your Leabank property would rent or sell for today — based on real local numbers, not a guess.

Request a free appraisal