Rent in Leichhardt and Lilyfield (2040)
The median new lease in 2040 was $850 a week in January–September 2026, from 704 leases lodged with NSW Fair Trading. That is 6% above the Sydney median of $800, making it the 87th most expensive of 218 Sydney postcodes.
Rent by type of home
Houses lease for a median $1,050 a week here and units for $680. Only home types with at least 10 new leases in January–September 2026 are shown.
| Home | Median rent ($/wk) | New leases |
|---|---|---|
| Studio unit | $450 | 13 |
| 1-bedroom unit | $600 | 159 |
| 2-bedroom unit | $790 | 148 |
| 3-bedroom unit | $1,000 | 19 |
| 1-bedroom house | $635 | 26 |
| 2-bedroom house | $900 | 102 |
| 3-bedroom house | $1,200 | 117 |
| 4-bedroom house | $1,660 | 39 |
| 2-bedroom townhouse | $895 | 32 |
| 3-bedroom townhouse | $1,080 | 33 |
How rent has changed since 2021
Rent on a new lease here rose 37% in five years, from $620 a week in January–September 2021 to $850 in January–September 2026, slower than the Sydney-wide rise of 60%. Over the past year it rose 3%, against a 7% rise across Sydney.
How much of a local wage the rent takes
A year of rent at the median takes 37% of one average local wage of $119,936, compared with 46% across Sydney. That is the 197th heaviest burden of 218 Sydney postcodes, below the city average. Housing costs above 30% of income are widely treated as housing stress; a household with two average wages would spend about 18%.
Wage: average salary and wages of all residents of 2040 in ATO Taxation Statistics 2023–24, indexed to 2026 with the NSW Wage Price Index. Renters usually earn less than the average resident, so the real burden for renters is likely higher.
Getting your bond back
Of the 711 bonds refunded in 2040 in January–September 2026, 75% went back to the tenant in full and 6% went entirely to the landlord or agent. Across Sydney the figures are 63% and 12%, so tenants here are more likely than average to get their whole bond back (rank 37 of 214, where 1 is the highest full-refund rate).
The median bond was held for 678 days, about 22 months, compared with 575 days across Sydney. Bond records don't say why money went to the landlord: it can cover damage, cleaning or unpaid rent.
Compared with the region and Sydney
2040 is in the Inner West region, where the median new lease is $780 a week.
| Median rent | 5-yr change | Rent burden | Full bond back | |
|---|---|---|---|---|
| 2040 | $850 | +37% | 37% | 75% |
| Inner West | $780 | +56% | 43% | 68% |
| Greater Sydney | $800 | +60% | 46% | 63% |
Other postcodes in Inner West
- 2038 Annandale$760
- 2039 Rozelle$1,000
- 2041 Balmain and Balmain East$900
- 2045 Haberfield$782
- 2046 Abbotsford and Canada Bay$875
- 2047 Drummoyne$890
- 2048 Stanmore and Westgate$700
- 2049 Lewisham and Petersham$730
- 2130 Summer Hill$700
- 2131 Ashfield$700
- 2132 Croydon$800
- 2133 Croydon Park and Enfield South$690
- 2134 Burwood and Burwood North$850
- 2135 Strathfield$750
- 2136 Burwood Heights and Enfield$710
- 2137 Breakfast Point and Cabarita$850
- 2138 Concord West and Liberty Grove$920
- 2140 Homebush and Homebush South$710
- 2190 Chullora and Greenacre$800
- 2191 Belfield$780
- 2193 Ashbury and Canterbury$720
- 2194 Campsie$610
- 2203 Dulwich Hill$700
- 2204 Marrickville and Marrickville Metro$750
- 2206 Clemton Park and Earlwood$900
Source: NSW Fair Trading rental bond data (new leases and bond refunds, 2021–2026); ATO Taxation Statistics 2023–24. See the methodology for how these figures are calculated.