Median weekly rent, six-year trend and rental yield for Parnell — built from 132 tenancy bonds lodged with Tenancy Services, across the 2 statistical areas that make up the suburb.
Source · MBIE Tenancy Services — Q1 2026 · 132 new bonds · Reviewed Aug 2026 · Method
Source · MBIE Tenancy Services — Q1 2026 · Q1 2026 bond lodgements · Reviewed Aug 2026 · Method
Every one of the 246 suburbs we track is a tick on this scale, placed by its median weekly rent. Parnell is the 65th most expensive of the 246 Auckland suburbs we track — pricier than 74% of them.
Source · MBIE Tenancy Services — Q1 2026 · 246 Auckland suburbs · Reviewed Aug 2026 · Method
The median weekly rent in Parnell is $749, based on 132 new tenancy bonds lodged in Q1 2026. That is 20% above the Auckland-wide median of $622.
Over the past year the median has fallen 3.1%, and it is up 5% on Q1 2020, when the median was $755.
Most new tenancies fall between $577 and $933 a week — the middle half of the market.
Parnell is the 65th most expensive of the 246 Auckland suburbs we track — pricier than 74% of them.
Source · MBIE Tenancy Services — Q1 2026 · Weighted geometric mean · Reviewed Aug 2026 · Method
Median weekly rent on new tenancies, Q1 2020 to Q1 2026. Hover the chart to read any quarter.
| Quarter | Median weekly rent | New bonds |
|---|---|---|
| Q1 2020 | $755 | 156 |
| Q2 2020 | $721 | 102 |
| Q3 2020 | $690 | 150 |
| Q4 2020 | $667 | 141 |
| Q1 2021 | $712 | 165 |
| Q2 2021 | $651 | 120 |
| Q3 2021 | $662 | 90 |
| Q4 2021 | $694 | 90 |
| Q1 2022 | $815 | 126 |
| Q2 2022 | $721 | 90 |
| Q3 2022 | $679 | 159 |
| Q4 2022 | $732 | 114 |
| Q1 2023 | $707 | 147 |
| Q2 2023 | $666 | 129 |
| Q3 2023 | $696 | 132 |
| Q4 2023 | $769 | 93 |
| Q1 2024 | $714 | 135 |
| Q2 2024 | $792 | 96 |
| Q3 2024 | $683 | 120 |
| Q4 2024 | $733 | 114 |
| Q1 2025 | $773 | 153 |
| Q2 2025 | $748 | 114 |
| Q3 2025 | $682 | 105 |
| Q4 2025 | $682 | 120 |
| Q1 2026 | $749 | 132 |
Source · MBIE Tenancy Services — Q1 2026 · Q1 2020 – Q1 2026 · Reviewed Aug 2026 · Method
Q1 2026. Sizes with fewer than five bonds are withheld by Tenancy Services to protect tenants' privacy.
Source · MBIE Tenancy Services — Q1 2026 · Withheld below 5 bonds · Reviewed Aug 2026 · Method
The headline median covers every property type together, so the mix matters — a suburb with many rooms or studios shows a lower overall median than its houses alone.
| Property type | Median weekly | Bonds | Share |
|---|---|---|---|
| House | $846 | 81 | 61% |
| Apartment | $606 | 36 | 27% |
| Flat | $650 | 6 | 5% |
Source · MBIE Tenancy Services — Q1 2026 · Property-type split · Reviewed Aug 2026 · Method
Pre-filled with the Parnell 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.
Source · MBIE Tenancy Services — Q1 2026 · Rent pre-filled, price is yours · Reviewed Aug 2026 · Method
The closest suburbs to Parnell, by distance between area centres.
| Suburb | Median weekly | Difference | Distance |
|---|---|---|---|
| The Strand | $399 | -$350 | 0.9 km |
| Auckland-University | $466 | -$283 | 1.3 km |
| Grafton | $295 | -$454 | 1.3 km |
| Quay Street-Customs Street | $670 | -$79 | 1.4 km |
| Anzac Avenue | $500 | -$249 | 1.4 km |
| Newmarket | $620 | -$129 | 1.4 km |
Source · MBIE Tenancy Services — Q1 2026 · Straight-line distance, area centres · Reviewed Aug 2026 · Method
Rent tells you what a Parnell property earns today. Zoning tells you what it could become — a second dwelling on the same section changes the income on this page entirely.
Our companion tool PropertyScope reads Auckland Council's planning data for any Parnell address — the zone, how many dwellings are allowed, whether a 70m² granny flat qualifies, and any hazard overlays on the land. At the Parnell median of $749 a week, a second dwelling would add roughly $38,948 a year in gross rent.
Check Parnell zoning and development rules →There are 3 schools in Parnell. 1 of them operates an enrolment zone, so where you rent decides which ones you can enrol in. Our companion site NZ School Finder lists every one with its roll, year levels and zone status, straight from the Ministry of Education's directory — and publishes no rankings or ratings.
See the 3 schools in Parnell →Amit Sharma is an award-winning Auckland agent. Get a free, no-obligation appraisal of what your Parnell property would rent or sell for today — based on real local numbers, not a guess.
Request a free appraisalAreas included in Parnell: Parnell West · Parnell East. See how we combine them.
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