Rental Report statistics - March quarter 2025
According to the Homes Victoria March Quarter 2025 Rental Report, median rent increased in both metropolitan Melbourne (by $25, to $585 per week) and regional Victoria (by $10, to $460 per week).
The Metropolitan Rent Index (MRI) increased 2.4 per cent over the March quarter 2025, the first quarterly increase above 1.0 per cent since the March quarter last year. Over the past year the MRI increased 3.7 per cent. This is below both the annual increase to the March quarter last year (14.6%), and the long term average annual increase over the past 10 years (4.2%).
The Regional Rent Index (RRI) increased 2.1 per cent over the March quarter 2025. This compares with a 1.0 per cent increase over the December quarter 2024 and a 2.6 per cent increase over the March quarter of last year. Over the past year the RRI increased 6.0 per cent. This is above both the annual increase to the March quarter 2024 (5.3%) and the long term average increase over the past 10 years (5.0%).
Rental trends – March quarter 2025
Rental trends - March quarter 2025
| Median Rent (per week) | Rent Index | Quarterly Change* | Annual Change* | |
|---|---|---|---|---|
| Melbourne | $585 | 313.6 | 2.4% | 3.7% |
| Regional Victoria | $460 | 338.0 | 2.1% | 6.0% |
| Victoria | $560 | 313.1 | 2.3% | 3.9% |
Notes
Median weekly rent is based on all new rental lettings for the quarter.
The Rent index is based on median rents stratified by location and dwelling type to control for compositional shifts in new lettings. June quarter 1999 = 100.
Quarterly and Annual percentage change is calculated from the relevant Rent Indices, not median weekly rents.
Homes Victoria Rental Report - March quarter 2025 (Word)
Rental Report time series data
The following spreadsheets provide selected charts and tables from the report and detailed time series statistics for some key Rental Report time series data from June quarter 2000 to March quarter 2025.
Affordable lettings by Local Government Area - March quarter 2025 (Excel)
Moving annual rent by suburb - March quarter 2025 (Excel)
Quarterly median rents by Local Government Area - March quarter 2025 (Excel)
Tables from Rental Report - March quarter 2025 (Excel)
More information
Email Social Housing Reform unit: shr@homes.vic.gov.au
See the Past rental reports page for Rental Reports from 2007 onwards.