Average rent in Penrith, NSW — 2026

Penrith comes in below the New South Wales median, with renters typically paying $380/week — about 10% under the state-wide $424/week baseline (ABS Census 2021). What stands out is the renter share — 60% of households here rent, well above the state-wide owner-occupier baseline. Lower-than-median rent paired with a renter majority typically means a faster-moving rental market: more frequent turnover and more places coming up for rent at any given time. Housing breaks down as 36% separate houses and 43% flats. Population is 17,966, median age 36, and the most common occupation is Professionals. 24% of residents were born overseas, and the suburb sits 49km from Sydney. Applications can close quickly here, so flexibility on inspection times helps.