May 21, 2013

Flat Rents and Rentals in Manawatu / Wanganui

Manawatu / Wanganui / Wairarapa weekly rents for unfurnished accommodation. Flats in Manawatu | Wanganui | Wairarapa |
Palmerston North | Masterton | Roslyn


Manawatu / Wanganui / Wairarapa Weekly Rent For 2 Bedroom Flats – Unfurnished

Location One quarter of 2 bedroom flats rent for less than: Average (median) rent for a 2 bedroom flat: One quarter of 2 bedroom flats rent for more than:
Horowhenua District $145 $170 $180
Manawatu District $160 $177 $200
Palmerston North – Awapuni South / Westend $191 $210 $235
Palmerston North – Hokowhitu West and Lagoon $200 $210 $250
Palmerston North – Hospital / Papaeoia $175 $200 $210
Palmerston North – Kelvin Grove / Roslyn $175 $197 $240
Palmerston North – Palmerston North Central $182 $205 $230
Palmerston North – Takaro / Cloverlea / Milson $180 $200 $227
Palmerston North – Terrace End / Hokowhitu East $180 $210 $230
Rangitikei District $140 $150 $165
Ruapehu District $100 $120 $140
Stratford District $160 $175 $190
Tararua District $130 $140 $157
Wairarapa – Carterton $190 $210 $220
Wairarapa – Masterton $175 $185 $198
Wanganui District $140 $165 $187

Manawatu / Wanganui / Wairarapa Weekly Rent For 3 Bedroom Flats – Unfurnished

Location One quarter of 3 bedroom flats rent for less than: Average (median) rent for a 3 bedroom flat: One quarter of 3 bedroom flat rent for more than:
Horowhenua District $160 $190 $210
Manawatu District $190 $285 $330
Palmerston North – Awapuni South / Westend n/a n/a n/a
Palmerston North – Hokowhitu West and Lagoon n/a n/a n/a
Palmerston North – Kelvin Grove / Roslyn n/a n/a n/a
Palmerston North – Palmerston North Central n/a n/a n/a
Palmerston North – Takaro / Cloverlea / Milson $245 $260 $285
Rangitikei District n/a n/a n/a
Ruapehu District n/a n/a n/a
Tararua District n/a n/a n/a
Wairarapa – Carterton n/a n/a n/a
Wairarapa – Masterton $170 $175 $200
Wanganui District $165 $195 $210

The prices above were recorded during the six months to 31 December 2012.

Data provided by the Tenancy Services Division of the New Zealand Government’s Ministry of Housing.

Market rent is described in the Residential Tenancies Act as the amount of money a willing landlord might reasonably expect to receive, and a willing tenant might reasonably expect to pay for the tenancy, in comparison with rent levels for similar properties in similar areas.

Rental prices from the Tenancy Services Division include rentals for social housing so market rents in the lower quarter of prices are unlikely to be found in the private sector in some suburbs.

Rental properties in New Zealand are typically let from around the beginning of the calendar year for 12 months. Because of this there is generally an increase in rents at the beginning of the year.

From the selection displayed, the Tenancy Services Division figures show that in Manawatu / Wanganui one of the most expensive average rents for a two bedroomed flat is in Palmerston North suburbs Hokowhitu West and Lagoon at $210 per week. The cheapest is in Ruapehu District at $120 per week.

For a three bedroomed flat in Manawatu / Wanganui the most expensive average rent is in Manawatu District at $285 per week and the cheapest is in Wanganui District at $170 per week.

Return to the Rentals New Zealand Main Page.

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