Rent surges for apartments, national rent flattens - Trade MeSUPPLIED Trade Me chief executive Nigel Jeffries said townhouses, apartments, and units were typically warmer, drier and in better locations than houses. Apartments have seen a surge in popularity, with median weekly rent increasing 20 per cent in the last three years, according to the latest Trade Me Property Rental Index. Nationally, median weekly rent remained at $450 for its ninth consecutive month. The median weekly rent in Wellington in August was $450 in Wellington and $530 in Auckland. The median weekly rent has climbed 7.1 per cent in the last year to $750.

Source: Stuff September 19, 2017 20:15 UTC