The rental market
Median rent, yield and what is listed now in Frankston, VIC 3199, from Victorian rental report, September 2025.
Current rent
What it costs to rent in Frankston now.
Houses (median)
$570/wk
+3.6% over 12 months
Units (median)
$475/wk
+5.6% over 12 months
3 bedroom
$570/wk
2 bedroom
$475/wk
1 bedroom
$350/wk
Source: Victorian rental report, September 2025. Medians of new rentals recorded in the period.
Investor view
Rental yield against the purchase price.
$810,000
$570/wk
3.7%
Units: $475/wk against a $557,500 median, a gross yield of about 4.4%.
Gross yield = weekly rent × 52 ÷ median price. Before rates, insurance, management fees, maintenance and vacancy. The rental yield calculator gives a net estimate.
History
How rents have moved.
| Period | Houses | Units |
|---|---|---|
| September 2025 | $570/wk | $475/wk |
| June 2025 | $565/wk | $460/wk |
| March 2025 | $560/wk | $450/wk |
| December 2024 | $550/wk | $450/wk |
| September 2024 | $550/wk | $450/wk |
| June 2024 | $530/wk | $440/wk |
| March 2024 | $520/wk | $430/wk |
| December 2023 | $500/wk | $420/wk |
| September 2023 | $495/wk | $400/wk |
| June 2023 | $490/wk | $390/wk |
| March 2023 | $480/wk | $380/wk |
| December 2022 | $470/wk | $370/wk |
| September 2022 | $460/wk | $365/wk |
| June 2022 | $450/wk | $360/wk |
| March 2022 | $450/wk | $350/wk |
| December 2021 | $440/wk | $350/wk |
| September 2021 | $430/wk | $340/wk |
| June 2021 | $420/wk | $340/wk |
| March 2021 | $410/wk | $330/wk |
| December 2020 | $400/wk | $330/wk |
Renting and investing in Frankston
What is the median rent in Frankston?
In Frankston, houses rent for a median $570 a week and units for $475 (Victorian rental report, September 2025). A median is the middle of the new rentals recorded in the period: half cost more and half cost less, so a specific property can sit well away from it.
What is the gross rental yield in Frankston?
About 3.7% for houses: $570 a week is $29,640 a year against a median house price of $810,000 (Median · Land Victoria · the latest published quarter (updated May 2026)). Units come out at about 4.4% on a $557,500 median. Gross yield is before rates, insurance, management fees, maintenance and vacancy, so the net figure is lower.
How have rents in Frankston changed over the past year?
House rents are up 3.6% on a year earlier, at $570 a week; unit rents are up 5.6%, at $475 (September 2024 to September 2025, Victorian rental report).
What does a one, two or three-bedroom rental cost in Frankston?
Median weekly rent by bedroom count in Frankston: one-bedroom $350, two-bedroom $475, three-bedroom $570 (Victorian rental report, September 2025). Bedroom medians pool houses and units of that size, so a three-bedroom house usually sits above the three-bedroom figure and a three-bedroom unit below it.
Thinking about investing in Frankston?
Gross yield is only half the picture. Get matched with a local expert who knows vacancy, tenant demand and what actually rents in Frankston. Free, no obligation.
Talk to an investment expert