Average rent in Penola, SA — 2026

Penola comes in cheaper than most of South Australia — the typical renter pays $181/week, around 36% below the state median of $283/week (ABS Census 2021). Most households here own (around 73% are owners or paying down a mortgage), and only 21% rent. The suburb is overwhelmingly separate houses (94%), with very little high-density stock. Population is around 3,107, median age 47, and the most common occupation category is Managers. 9% of residents were born overseas. At 337km from Adelaide, Penola typically sits outside the inner-ring rent pressure zone — but state rent indices since 2021 have moved a lot, so the live figure above is a better current guide than the Census baseline.