Suburb rent · Island Bay, Wellington

What it costs to rent in Island Bay

The normal flat in Island Bay rents for about $685 a week. Here is how that has grown over 15 years, how it stacks up against the rest of Wellington, and what tenants who have lived here say.

1 reviews4.0 average ratingUpdated Jan 2026

723

Rental properties

~$685/wk

Most pay $531 to $811

Approximate normal flat

-0.9% in a year

+45%

Growth, 10 years

+3.8% a year

+13%

Growth, 5 years

+2.4% a year

Flatchat coverage

120 of about 723 rental properties in Island Bay are on Flatchat.

About 17% of the market covered so far. Lived in one we have missed? Add it.

Rent data: MBIE bond data (CC BY 4.0). Latest period Jan 2026. Island Bay spans 3 statistical areas, so the typical rent shown is approximate (a bond-weighted average).

How Island Bay compares

vs Wellington

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

Rent growth, 10 years

Rent in Island Bay grew 45% over 10 years, against Wellington’s 33%.

That is 12 points faster than Wellington as a whole.

Rent over time

15 years

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

~$685/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.