Suburb rent · Penrose, Auckland

What it costs to rent in Penrose

The normal flat in Penrose rents for about $670 a week, from government bond records. No one has reviewed a flat here yet, but the rent figures still tell you what living in the area costs.

234 rental propertiesUpdated Jan 2026

234

Rental properties

~$670/wk

Most pay $603 to $745

Approximate normal flat

+7% in a year

+28%

Growth, 10 years

+2.5% a year

+18%

Growth, 5 years

+3.4% a year

Rent data: MBIE bond data (CC BY 4.0). Latest period Jan 2026. Penrose spans 2 statistical areas, so the typical rent shown is approximate (a bond-weighted average).

How Penrose compares

vs Auckland

How rent here measures up against the wider city, so you can tell whether Penrose is dearer, cheaper, or rising faster than Auckland as a whole.

Rent growth, 10 years

Rent in Penrose grew 28% over 10 years, against Auckland’s 33%.

That is 5 points slower than Auckland as a whole.

Rent over time

15 years

Fifteen years of Penrose rent. The tilde (~) marks figures that are a close estimate, because Penrose is split across a few statistical areas and the rent is averaged across them.

~$670/wkapproximate normal flat, 2026

$200$300$400$500$600$700$800$900

201120182026

What the normal flat rentsWhere most rents fall

Rents jump every January because that is when most student flats sign new leases for the year, and brand new tenancies rent higher than the standing stock. The line settles back by autumn. Source: MBIE bond data.

What tenants say

no reviews yet

No one has reviewed a flat in Penrose yet. The rent figures above still stand on their own, and your review would be the first.

No tenant reviews here yet

The rent figures above come from government bond records, so this page still tells you what it costs to live in Penrose. Lived here? Be the first to share your experience.

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