Average rent in Penshurst, NSW — 2026

Penshurst sits close to the New South Wales median, with renters typically paying $400/week — within striking distance of the state-wide $424/week baseline (ABS Census 2021). The suburb is largely owner-occupied: 55% of households own outright or with a mortgage, and only 43% rent. Housing stock is dominated by separate houses (26%), giving the suburb a settled, family-oriented character that's reflected in the median age of 37 and a population of around 9,528. The most common occupation is Professionals, and 52% of residents were born overseas. 16km from Sydney, Penshurst is the kind of mid-market suburb that usually sees stable rent trajectories rather than rapid spikes — though state rent indices since 2021 are worth checking against your reported figure above.