Paddington Rent Prices in Sydney 2026
Our Verdict
"Final Boss"
With a median A$72.5/m² monthly, you are paying a massive premium for the privilege of a heritage facade. This is the FINAL_BOSS of Sydney rentals; the market is tight, and landlords know that proximity to the CBD and Centennial Park justifies the price tag. Our neighborhood analysis suggests that unless you have a dedicated car space, you’re paying top-tier prices for a logistical headache, yet the investment outlook remains rock-solid due to zero new supply.
The Vibe:Paddington is a dense grid of Victorian terraces where the street layout was designed long before SUVs made parking a contact sport. The atmosphere is defined by steep hills, high-end art galleries on Glenmore Road, and the relentless flow of commuters on the 333 bus. It is arguably the most polished pocket of the inner east, populated by people who value heritage aesthetics over modern square footage.
The median rent price in Paddington, Sydney is A$72.5 per m² per month, 1% above the Sydney city average of A$71.5/m². Based on 1 verified rental data points as of February 2026.
Market Median · Paddington
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Quick Estimate
Paddington @ A$72.5/m²/mo
District Highlights
Locals Ask
Is the average rent higher near Five Ways or Oxford Street?
Five Ways typically commands higher m² stats for residential leases due to the quieter streets and boutique feel compared to the bus-heavy Oxford Street corridor.
Does the neighborhood analysis account for terrace dampness?
No, but you should; many of these A$72.5/m² rentals are 100-year-old builds that suffer from poor ventilation and rising damp.
How does the investment outlook look for small apartments?
Extremely stable. Studio and one-bedders near St Vincent's Hospital have a near-zero vacancy rate and keep the floor price high.
What is the biggest hidden cost in Paddington?
Parking permits and potential fines; council is aggressive here, and off-street parking can add A$100+ to your weekly budget if it's even available.
Are m² stats consistent across the suburb?
Hardly. Renovated interiors on high-side streets like Union Street hit the A$95/m² mark, while unrenovated walk-ups near Edgecliff border drop toward the A$55/m² range.
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About This Data
Data Sources
Paddington prices are sourced from real market listings and verified location scans submitted by users in Sydney. Each neighbourhood requires multiple independent data points before publication to ensure statistical reliability.
Methodology
We report median prices — not averages — to reduce outlier distortion. All figures are per square metre (per month). The 5/5 rating reflects price-to-value relative to local amenities, transit access, and broader market conditions in Sydney.
Last Updated
This page was last updated in February 2026. AI-generated insights — including the vibe description, verdict, and FAQs — are regenerated whenever the underlying price data changes to keep analysis current.