How much are the rents in Tasmania right now? (2026)

Authored by the expert who managed and guided the team behind the Australia Property Pack

Get all the data you need about the real estate market in Tasmania

Who is the author of this content?

BAMBOOROUTES

A team specialized in real estate investing in APAC countries (Japan, Thailand, Indonesia, Australia, etc.).

We are a team of financial experts, legal professionals, developers, and local real estate specialists dedicated to helping people like you avoid mistakes when investing in real estate in a foreign place, particularly in Tasmania. If you’d like to learn more about us, you can check our presentation page.

What are typical rents in Tasmania as of 2026?

What's the average monthly rent for a studio in Tasmania as of 2026?

As of 2026, a typical studio rent in Tasmania is about A$1,400 per month, which is roughly US$980 or €850.

In practice, most studios in Tasmania rent for about A$1,200 to A$1,750 per month, or around US$840 to US$1,225 and €730 to €1,070.

The main reason Tasmania studio rents vary so much is that a small modern studio in Hobart CBD, Sandy Bay or Battery Point can rent much higher than an older studio in Glenorchy, Mowbray, Devonport or Burnie.

What's the average monthly rent for a 1-bedroom in Tasmania as of 2026?

As of 2026, the average monthly rent for a 1-bedroom apartment in Tasmania is about A$1,550, which is roughly US$1,085 or €945.

Most 1-bedroom apartments in Tasmania sit between about A$1,280 and A$1,900 per month, or around US$900 to US$1,330 and €780 to €1,160.

The cheapest 1-bedroom rents are usually in the North West Coast, Mowbray, Glenorchy and parts of Devonport or Burnie, while the highest 1-bedroom rents are usually in Hobart CBD, Sandy Bay, Battery Point and Salamanca.

What's the average monthly rent for a 2-bedroom in Tasmania as of 2026?

As of 2026, the average monthly rent for a 2-bedroom apartment in Tasmania is about A$2,040, which is roughly US$1,430 or €1,245.

Most 2-bedroom apartments in Tasmania rent for about A$1,700 to A$2,600 per month, or around US$1,190 to US$1,820 and €1,040 to €1,585.

The cheapest 2-bedroom rents are often found in Burnie, Devonport, Glenorchy, Mowbray and outer Launceston, while the most expensive 2-bedroom rents are in Hobart CBD, Sandy Bay, Battery Point, West Hobart and Bellerive.

By the way, you will find much more detailed rent ranges in our property pack covering the real estate market in Tasmania.

What's the average rent per square meter in Tasmania as of 2026?

As of 2026, average apartment rent in Tasmania is about A$28 to A$35 per square meter per month, or roughly US$20 to US$25 and €17 to €21.

Across Tasmania, the realistic range is about A$22 to A$42 per square meter per month, with inner Hobart usually at the top and regional areas like Burnie or Devonport usually lower.

Compared with Sydney, Melbourne and Brisbane, Tasmania rent per square meter is usually lower, but Hobart can feel expensive because incomes are lower and vacancy is very tight.

Small modern apartments, furnished homes, water views, parking, efficient heating and walkable locations near Hobart CBD, Sandy Bay or UTAS usually push rent per square meter above the Tasmania average.

How much have rents changed year-over-year in Tasmania in 2026?

As of 2026, average new-lease rents in Tasmania are up by about 9% year on year, with some northern and North West areas rising faster.

The main reasons are very low vacancy, limited rental supply, higher landlord costs and steady demand from students, health workers, local families and interstate movers.

This 2026 growth is stronger than the slower national rent trend seen after late 2024, but Tasmania is still affordability-constrained, so landlords cannot raise rents endlessly.

What's the outlook for rent growth in Tasmania in 2026?

As of 2026, a realistic rent growth outlook for Tasmania is about 4% to 7% over the year, with Hobart likely near the upper end.

The key forces are low rental supply, tight Hobart vacancy, student demand, health-sector jobs, landlord cost pressure and slower population growth that limits how far rents can rise.

The strongest growth is likely in Hobart CBD, Sandy Bay, North Hobart, Bellerive, Kingston, inner Launceston, Inveresk, Newnham, Devonport and Burnie.

The main risks are weaker tenant affordability, more listings coming to market, slower migration, higher arrears, and regulation that limits how quickly landlords can pass rent increases through.

Which neighborhoods rent best in Tasmania as of 2026?

Which neighborhoods have the highest rents in Tasmania as of 2026?

As of 2026, the top high-rent areas in Tasmania are Hobart CBD, Sandy Bay and Battery Point, where many good apartments rent around A$2,000 to A$3,000 per month, or about US$1,400 to US$2,100 and €1,220 to €1,830.

These Tasmania neighborhoods command premium rents because tenants pay for walkability, water views, heritage streets, cafés, UTAS access, offices, hospitals and short commutes.

The tenant profile is usually young professionals, university staff, senior public-sector workers, interstate movers, international students, expats and downsizers who want a low-friction lifestyle.

By the way, we’ve written a blog article detailing Sources and methodology: we used Tasmanian Rents, UTAS Hobart campuses and SQM Research. We compared suburb rent levels with demand drivers. We also used our own neighborhood scoring for Tasmania.

Where do young professionals prefer to rent in Tasmania right now?

Young professionals in Tasmania usually prefer Hobart CBD, North Hobart and Sandy Bay first, with West Hobart, South Hobart, Battery Point, Moonah and Bellerive also popular.

In these Tasmania neighborhoods, young professionals often pay about A$1,600 to A$2,600 per month, or around US$1,120 to US$1,820 and €980 to €1,585.

Young professionals like these areas because they offer cafés, bars, hospitals, offices, waterfront access, short commutes, buses, parking options and a better social life than many outer suburbs.

By the way, you will find a detailed tenant analysis in our property pack covering the real estate market in Tasmania.

Where do families prefer to rent in Tasmania right now?

Families in Tasmania usually prefer Kingston, Bellerive and New Town, with Howrah, Lindisfarne, Lenah Valley, Glenorchy, Claremont, Riverside, Trevallyn and Devonport also common choices.

For 2-bedroom and 3-bedroom homes in these family areas, typical rent is about A$2,000 to A$2,900 per month, or roughly US$1,400 to US$2,030 and €1,220 to €1,770.

These Tasmania neighborhoods attract families because they offer more space, schools, parking, parks, quieter streets, easier shopping and better value than Hobart CBD or Battery Point.

Popular school options near these areas include Taroona High School, Kingston High School, Clarence High School, New Town High School, Riverside High School and local Catholic or independent schools around Hobart and Launceston.

Which areas near transit or universities rent faster in Tasmania in 2026?

As of 2026, the fastest university-linked rental areas in Tasmania are Sandy Bay and Hobart CBD near UTAS, Inveresk and Newnham in Launceston, and Burnie near the Cradle Coast campus.

In these high-demand Tasmania areas, well-priced rentals often stay listed for about 10 to 21 days, while weaker regional listings can take closer to 21 to 35 days.

Properties within easy walking distance of UTAS, hospitals, major bus routes or Hobart CBD can often earn a premium of about A$150 to A$350 per month, or around US$105 to US$245 and €90 to €215.

Which neighborhoods are most popular with expats in Tasmania right now?

Expats in Tasmania most often start with Sandy Bay, Battery Point and Hobart CBD, with North Hobart, West Hobart, South Hobart, Kingston, Blackmans Bay and Bellerive also popular.

In these expat-friendly Tasmania neighborhoods, typical monthly rent is about A$1,900 to A$3,200, or roughly US$1,330 to US$2,240 and €1,160 to €1,950.

Expats like these areas because they are scenic, safe, walkable, close to cafés and services, and easier for newcomers who do not yet know the Tasmania rental market well.

The most visible expat groups in these areas include British, New Zealand, Indian, Chinese and European residents, along with interstate Australians moving from Sydney, Melbourne and Brisbane.

And if you are also an expat, you may want to read our Sources and methodology: we used Tasmanian Rents, ABS rental insights and UTAS Hobart. We used rental prices, arrival patterns and lifestyle factors. We also checked these conclusions against our own expat-demand notes.

Who rents, and what do tenants want in Tasmania right now?

What tenant profiles dominate rentals in Tasmania?

The top tenant profiles in Tasmania are local working households, students and education-linked renters, and families or older renters who cannot or do not want to buy.

A practical split is about 45% local working households, 20% student and education-linked renters, 25% families and older renters, and 10% interstate movers, expats and contract workers.

Local workers usually want 1-bedroom and 2-bedroom apartments, students want studios or shared homes near UTAS, and families usually want 2-bedroom or 3-bedroom homes with heating and parking.

If you want to optimize your cashflow, you can read our Sources and methodology: we used Tasmanian Treasury, University of Tasmania and Rental Affordability Index. We estimated tenant shares from demand drivers, not from one official tenant survey. We also used our own property pack segmentation.

Do tenants prefer furnished or unfurnished in Tasmania?

In Tasmania, about 75% to 85% of long-term tenants prefer unfurnished rentals, while about 15% to 25% prefer furnished rentals.

A furnished apartment in Tasmania can often add about A$120 to A$350 per month in rent, or roughly US$85 to US$245 and €75 to €215, if the location fits the tenant profile.

Furnished rentals work best for UTAS students, visiting academics, hospital workers, contract professionals, expats and interstate movers in Sandy Bay, Hobart CBD, North Hobart, Inveresk, Newnham and Burnie.

Which amenities increase rent the most in Tasmania?

The five amenities that usually increase Tasmania rent the most are efficient heating, parking, pet acceptance, modern kitchens and bathrooms, and good insulation or double glazing.

In simple terms, these amenities can add about A$50 to A$250 per month each, or around US$35 to US$175 and €30 to €150, depending on the property and neighborhood.

In our property pack covering the real estate market in Tasmania, we cover what are the best investments a landlord can make.

What renovations get the best ROI for rentals in Tasmania?

The best ROI renovations for Tasmania rentals are heat pumps, insulation and draft sealing, fresh paint, hard-wearing flooring, and bathroom ventilation.

A simple heat pump can cost about A$2,000 to A$4,500 and add A$80 to A$180 per month, while smaller upgrades like paint, flooring or ventilation often cost A$1,000 to A$8,000 and can add A$50 to A$250 per month.

Luxury stone kitchens, designer fittings, expensive landscaping and high-end finishes often have poor ROI outside Sandy Bay, Battery Point, Hobart CBD and waterfront suburbs because most tenants mainly pay for warmth, dryness, parking and function.

How strong is rental demand in Tasmania as of 2026?

What's the vacancy rate for rentals in Tasmania as of 2026?

As of 2026, the practical vacancy rate for rentals in Tasmania is about 0.6% to 1.2%, with Hobart at about 0.6% in May 2026.

Across Tasmania, inner Hobart and Sandy Bay can sit near the tight end of the range, while some outer or regional areas may be closer to 1% to 2% depending on property type.

Compared with a more balanced rental market, this Tasmania vacancy rate is very low, which explains why good rentals in Hobart, Launceston, Devonport and Burnie can lease quickly.

Finally please note that you will have all the indicators you need in our property pack covering the real estate market in Tasmania.

How many days do rentals stay listed in Tasmania as of 2026?

As of 2026, a well-priced rental in Tasmania usually stays listed for about 14 to 28 days.

The realistic range is about 10 to 21 days in inner Hobart and Sandy Bay, 14 to 28 days in good Launceston suburbs, and 21 to 35 days in many regional areas.

Compared with one year ago, Tasmania rentals are still leasing quickly, but affordability pressure means overpriced listings can sit longer than landlords expect.

Which months have peak tenant demand in Tasmania?

The peak months for tenant demand in Tasmania are usually January, February and March, with a smaller second peak around October and November.

The main drivers are UTAS student arrivals, job moves, summer relocation, school-year timing and families trying to settle before routines restart.

The quietest months are usually May, June and July because winter weather reduces moving activity and some tenants avoid changing homes during the colder period.

What will my monthly costs be in Tasmania as of 2026?

What property taxes should landlords expect in Tasmania as of 2026?

As of 2026, a typical landlord in Tasmania might pay about A$1,000 to A$4,000 per year in land tax on a rental property, or roughly US$700 to US$2,800 and €610 to €2,440.

The realistic range can be A$0 for exempt or low assessed land value properties, up to more than A$7,000 per year, or about US$4,900 and €4,270, for higher land values or multiple taxable properties.

Tasmania land tax is based on assessed land value, not the whole property value, and taxable land is aggregated when one owner holds multiple taxable properties.

Please note that, in our property pack covering the real estate market in Tasmania, we cover what exemptions or deductions may be available to reduce property taxes for landlords.

What utilities do landlords often pay in Tasmania right now?

In Tasmania, landlords most often pay council rates, building insurance, strata levies if the property is a unit, and fixed water or sewerage charges.

A simple monthly budget is about A$120 to A$220 for council rates, A$80 to A$160 for insurance, A$250 to A$600 for strata if relevant, and A$100 to A$170 for fixed water and sewerage costs.

Tenants usually pay electricity, internet and metered water usage when the property has an individual water meter, while landlords often keep fixed water and sewerage costs.

How is rental income taxed in Tasmania as of 2026?

As of 2026, rental income in Tasmania is taxed federally at the owner’s marginal income tax rate, while Tasmania itself does not add a separate rental income tax.

Landlords can usually claim eligible costs such as loan interest, council rates, insurance, property management, repairs, depreciation and some capital works over time.

A common Tasmania mistake is claiming major improvements as immediate repairs, forgetting land tax aggregation, or trying to charge tenants for water usage when the property is not individually metered.

We cover these mistakes, among others, in our Sources and methodology: we used ATO rental properties guide, Tasmania land tax rates and TasWater. We separated federal tax from Tasmania landlord costs. We also checked the most common mistakes against our own buyer-risk notes.

We did some research and made this infographic to help you quickly compare rental yields of the major cities in Australia versus those in neighboring countries. It provides a clear view of how this country positions itself as a real estate investment destination, which might interest you if you’re planning to invest there.

What sources have we used to write this blog article?

Whether it’s in our blog articles or the market analyses included in our property pack about Tasmania, we always rely on the strongest methodology we can … and we don’t throw out numbers at random.

We also aim to be fully transparent, so below we’ve listed the authoritative sources we used, and explained how we used them and the methods behind our estimates.

Source used	Why this source is reliable	How we used it
Tenants’ Union of Tasmania, Tasmanian Rents March 2026	It uses Rental Deposit Authority bond data, so it reflects actual new tenancy rents instead of only asking prices.	We used it as the main rent benchmark for Tasmania, Greater Hobart, Greater Launceston and the North West Coast. We converted weekly rents into monthly estimates.
Tenants’ Union of Tasmania, Tasmanian Rents page	It explains the dataset and publishes the quarterly rent series used for Tasmania rent tracking.	We used it to understand the methodology behind the rent data. We also used it to check that the March 2026 report was the latest issue before June 2026.
SQM Research, Hobart Weekly Rents	SQM is a long-running Australian property data provider with a clear listings-based rental methodology.	We used it to cross-check Hobart asking rents against bond-rent data. We treated it as a current market-pressure source, not as the base rent source.
SQM Research, May 2026 Vacancy Rates PDF	It is a direct vacancy-rate release based on online rental listings that have stayed advertised for three weeks or more.	We used it for the May 2026 Hobart vacancy rate. We also used it to judge how tight the rental market was in mid-2026.
Domain, March 2026 Rental Report	Domain is one of Australia’s largest property portals and publishes regular rental-market research.	We used it to cross-check Hobart house and unit rents from a major private listings dataset. We did not use it to replace bond-rent data.
ABS, Latest insights into the rental market	The ABS is Australia’s official statistics agency and gives context on rental inflation and rent measurement.	We used it to explain the difference between new-tenancy rents and existing-tenancy rents. We also used it to frame national rent-growth trends.
State Revenue Office Tasmania, Land Tax	It is the official Tasmanian government source for land tax rules.	We used it to explain that rental properties can be subject to land tax. We also used it to separate land tax from income tax.
State Revenue Office Tasmania, Rates of land tax	It gives the official land tax scale applying from 1 July 2025.	We used it to estimate landlord land-tax exposure by assessed land value. We also used it to explain aggregation across taxable properties.
Australian Taxation Office, Rental properties guide 2025	The ATO is the official Australian tax authority, so it is the best source for rental income and deductions.	We used it to explain how rental income is taxed. We also used it to separate repairs from capital improvements.
TasWater, Tenant billing	TasWater is the main water and sewerage provider in Tasmania.	We used it to explain when water usage can be passed to tenants. We also used it to show why landlords often keep fixed water charges.
Consumer, Building and Occupational Services Tasmania, Rent increases	CBOS is Tasmania’s official consumer and tenancy regulator.	We used it to frame the tenancy-law environment for landlords. We used it to avoid overstating how easily landlords can pass rent increases through.
University of Tasmania, Campuses	UTAS is the state’s main university, and its campuses shape student rental demand.	We used it to identify demand near Hobart, Launceston and Burnie campuses. We also used it to name student-sensitive areas such as Sandy Bay, Inveresk, Newnham and Burnie.
Tasmanian Treasury, Population Projections	It is the official state source for Tasmania population and local-government projections.	We used it to understand whether rent pressure comes from population growth or limited housing supply. We treated slow population growth as a limit on long-term rent acceleration.
National Shelter and SGS, Rental Affordability Index 2025	The Rental Affordability Index is a recognized affordability measure used in housing policy discussions.	We used it to describe tenant affordability pressure in Hobart, Launceston, Devonport and Burnie. We treated it as a demand-quality source, not as a rent-price source.
Anglicare Tasmania, Rental Affordability Snapshot 2026	It is a long-running annual snapshot of rental affordability for lower-income households in Tasmania.	We used it to confirm the shortage of affordable rentals in March 2026. We used it to support the idea that demand is deep but affordability-constrained.