The rental market in Parramatta (2150) reflects both the suburb's desirability to tenants and the supply of investment properties in the area. Median weekly rent, gross rental yield, and vacancy rate are the three headline signals shown on this page. Data is sourced from NSW Government property records and updated regularly. Parramatta is part of the Parramatta local government area.
Can I afford Parramatta?
Rental market in Parramatta
Median weekly rent from lodged bonds. Sep 2025. Based on 547 new bond lodgements this quarter.
Rents here are at the higher end for Sydney. Higher holding costs for investors; higher savings pressure for renters.
Median weekly rent · Unit · 2 bed
$700per week
Sep 2025 · 547 bonds lodged
Quarterly trend · last 12 quarters
Nearby suburbs · same combination
Rydalmere2116
$630▼$70
2.7 km away
Granville2142
$630▼$70
3.0 km away
Merrylands2160
$600▼$100
3.3 km away
Dundas2117
$600▼$100
3.5 km away
NSW DCJ Rental Bond Board↗ · Sep 2025 · CC BY. Cells with 10 or fewer bond lodgements are suppressed; cells with 30 or fewer have the bond count suppressed but rent published. Figures are transacted rents, not asking rents.
Rental yield in Sydney's established suburbs tends to run below the broader market because capital growth expectations are already priced into sale prices. If Parramatta shows a gross yield meaningfully above 4%, it is worth checking whether that reflects genuine demand or a subdued sale price (which can itself be a signal of weaker capital growth prospects). Strong yield and strong capital growth in the same suburb is uncommon but does occur in transition areas.
