Canterbury weekly rents for unfurnished accommodation. Two and Three Bedroom Houses | Banks Peninsula | Selwyn | Waimakariri | Hurunui | Kaikoura
Canterbury Weekly Rent For 2 Bedroom Houses – Unfurnished
| Location | One quarter of 2 bedroom houses rent for less than: | Average (median) rent for a 2 bedroom house: | One quarter of 2 bedroom houses rent for more than: |
|---|---|---|---|
| Ashburton – Entire District | $230 | $260 | $270 |
| Banks Peninsula / Selwyn – Both Districts | $250 | $280 | $331 |
| Kaikoura / Hurunui – Both Districts | $190 | $222 | $250 |
| MacKenzie / Waimate – Both Districts | $167 | $180 | $195 |
| Timaru – Rural Timaru / Temuka / Geraldine | $197 | $217 | $220 |
| Timaru – Timaru Township | $210 | $240 | $260 |
| Waimakariri – Rangiora / Kaiapoi | $280 | $300 | $310 |
| Waimakariri – Rural Waimakariri | $242 | $271 | $300 |
| Waitaki District | $192 | $210 | $230 |
Canterbury Weekly Rent For 3 Bedroom Houses – Unfurnished
| Location | One quarter of 3 bedroom houses rent for less than: | Average (median) rent for a 3 bedroom house: | One quarter of 3 bedroom houses rent for more than: |
|---|---|---|---|
| Ashburton – Entire District | $280 | $300 | $33 |
| Banks Peninsula / Selwyn – Both Districts | $320 | $365 | $410 |
| Kaikoura / Hurunui – Both Districts | $225 | $260 | $300 |
| MacKenzie / Waimate – Both Districts | $197 | $220 | $232 |
| Timaru – Rural Timaru / Temuka / Geraldine | $232 | $250 | $280 |
| Timaru – Timaru Township | $250 | $270 | $300 |
| Waimakariri – Rangiora / Kaiapoi | $336 | $350 | $370 |
| Waimakariri – Rural Waimakariri | $300 | $330 | $380 |
| Waitaki District | $230 | $245 | $260 |
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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.
The Tenancy Services Division figures show that in Canterbury the most expensive average rent for a two bedroomed house is in Rangiora / Kaiapoi at $300 per week. The cheapest is in MacKenzie / Waimate Districts at $180 per week.
For a three bedroomed house in Canterbury the most expensive average rent is in Banks Peninsula / Selwyn Districts at $365 per week and the cheapest is in MacKenzie / Waimate Districts at $220 per week.
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