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