Renting in the Central Otago Lakes District region is now more expensive than Auckland. File photoCentral Otago/Lakes District remains the most expensive place to rent in New Zealand, with the average weekly price hitting $891 - more than $200 above Auckland - according to realestate.co.nzRents climbed 11.8 percent over the year to December, reflecting strong demand and a tight pool of available properties. The central North Island recorded the second‑largest annual increase, with rents rising 6.2 percent to $597 per week. "Central Otago/Lakes District continues to sit in a league of its own, driven by strong demand and a limited pool of rentals which is pushing prices to record highs." "With stock building and competition among landlords rising, renters will continue to find themselves in a stronger position to negotiate on price or lease terms in 2026."

Source: Otago Daily Times January 08, 2026 09:51 UTC