Adelaide rent prices to reach new record highs in 2025

Adelaide’s rental market remains one of the tightest in the country with the average tenant paying $40 more than they did a year ago.

PropTrack latest Group Market Insight, released today, shows Adelaide’s median advertised rent was flat for the December quarter but rose 7.4 per cent annually, the second-highest increase among capitals after Perth.

It means tenants now pay at least $600 for a house and $500 for a unit – on par with the average mortgage repayment on a $400,000 home.

Meanwhile, the median weekly rent in regional SA was flat over the December 2024 quarter at $400, marking an 8.1 per cent rise from a year prior.

Unit rents in regional SA fell by 3.2 per cent over the December quarter to sit at $300 per week, while house rent growth was recorded at 2.4 per cent, to sit at $430 per week.

It was the highest annual rental price growth recorded for any regional housing market in Australia.

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PropTrack senior economist Paul Ryan cautions renters that more rental price increases could be expected.

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PropTrack senior economist Paul Ryan said Adelaide and Perth had seen the strongest increases in rents over the past year.

And while a hold on rental increases over the December quarter spelled some good news, Mr Ryan said tenants should prepare themselves for further increases this year.

“January marks the busiest time of year for the rental market with tenants out in large numbers looking for new rental homes,” he said.

“We expect rents to increase moderately this year, with the trend of slower rent to persist throughout 2025.

“The reality is, these (high rental) prices are here to stay. That’s the new reality.”

Nationally, rents increased 6.9 per cent over 2024, down from 11.5 per cent over 2023.

This marked the slowest rate of annual rent growth since the September 2021 quarter.

Looking to rent this year?

Here are Adelaide’s top 10 budget friendly rental suburbs.

HOUSES

1. Elizabeth South

Median rent: $450

2. Elizabeth North

Median rent: $450

3. Elizabeth Grove

Median rent: $460

4. Elizabeth Downs

Median rent: $465

5. Direk

Median rent: $480

6. Elizabeth Park

Median rent: $480

7. Elizabeth Vale

Median rent: $480

8. Elizabeth

Median rent: $480

9. Elizabeth East

Median rent: $480

10. Gawler South

Median rent: $480

UNITS

1. Elizabeth Vale

Median rent: $370

2. Gawler South

Median rent: $380

3. Dulwich

Median rent: $390

4. Wilaston

Median rent: $395

5. St Marys

Median rent: $400

6. Salisbury

Median rent: $400

7. Rosewater

Median rent: $400

8. Salisbury East

Median rent: $415

9. Brooklyn Park

Median rent: $418

10. Enfield

Median rent: $420

Source: PropTrack