Median weekly rent, six-year trend and rental yield for Queen Street — built from 270 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. Queen Street is the 6th most affordable of the 246 Auckland suburbs we track — cheaper than 98% of them.
The median weekly rent in Queen Street is $464, based on 270 new tenancy bonds lodged in Q1 2026. That is 25% below the Auckland-wide median of $622.
Over the past year the median has fallen 1.7%, and it is up 12% on Q1 2020, when the median was $516.
Most new tenancies fall between $389 and $585 a week — the middle half of the market.
Queen Street is the 6th most affordable of the 246 Auckland suburbs we track — cheaper than 98% 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 | $516 | 240 |
| Q2 2020 | $458 | 138 |
| Q3 2020 | $417 | 324 |
| Q4 2020 | $418 | 222 |
| Q1 2021 | $415 | 279 |
| Q2 2021 | $421 | 237 |
| Q3 2021 | $424 | 153 |
| Q4 2021 | $405 | 225 |
| Q1 2022 | $428 | 255 |
| Q2 2022 | $400 | 207 |
| Q3 2022 | $400 | 261 |
| Q4 2022 | $422 | 264 |
| Q1 2023 | $466 | 285 |
| Q2 2023 | $451 | 174 |
| Q3 2023 | $481 | 213 |
| Q4 2023 | $484 | 174 |
| Q1 2024 | $473 | 249 |
| Q2 2024 | $470 | 192 |
| Q3 2024 | $450 | 201 |
| Q4 2024 | $445 | 207 |
| Q1 2025 | $472 | 312 |
| Q2 2025 | $490 | 234 |
| Q3 2025 | $456 | 258 |
| Q4 2025 | $450 | 192 |
| Q1 2026 | $464 | 270 |
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 | $483 | 126 | 47% |
| Apartment | $482 | 123 | 46% |
| Room | $275 | 12 | 4% |
Pre-filled with the Queen Street 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 Queen Street, by distance between area centres.
| Suburb | Median weekly | Difference | Distance |
|---|---|---|---|
| Hobson Ridge | $468 | +$4 | 0.3 km |
| Auckland-University | $466 | +$2 | 0.5 km |
| Shortland Street | $470 | +$6 | 0.6 km |
| Symonds Street | $463 | -$1 | 0.6 km |
| Victoria Park | $515 | +$51 | 0.7 km |
| Anzac Avenue | $500 | +$36 | 0.9 km |
Rent tells you what a Queen Street 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 Queen Street address — the zone, how many dwellings are allowed, whether a 70m² granny flat qualifies, and any hazard overlays on the land. At the Queen Street median of $464 a week, a second dwelling would add roughly $24,128 a year in gross rent.
Check Queen Street zoning and development rules →Amit Sharma is an award-winning Auckland agent. Get a free, no-obligation appraisal of what your Queen Street property would rent or sell for today — based on real local numbers, not a guess.
Request a free appraisalAreas included in Queen Street: Queen Street · Queen Street South West. See how we combine them.