The average cost of an apartment in Rhodes NSW in 2026 is approximately $900,000, with 1-bedrooms at $700,000 to $780,000, 2-bedrooms at $880,000 to $1,050,000, and 3-bedrooms at $1,250,000 to $1,650,000. Median price per square metre runs $11,000 to $12,500. Higher floors, water views, and north aspect typically add 5 to 15 percent above the suburb median.
8 min read | Rhodes Market Data | Last reviewed May 2026
Rhodes apartments cluster around a $900K median in 2026, with prices ranging from $700K (entry 1-bedroom) to $2.5M (premium penthouse). This guide gives the full price grid: median, range, per-square-metre rate, and the factors that push individual apartments above or below the suburb average.
Rhodes Apartment Median in 2026
The Rhodes apartment median in 2026 sits at approximately $900,000, based on CoreLogic transaction data and NSW Land Registry Services title transfer records. The suburb contains around 6,000 apartments delivered between 2005 and 2025, with the foreshore renewal led by Billbergia and other Sydney developers producing the majority of stock.
Rhodes apartment buyers in 2026 are buying into a mature, well-stocked market. ABS census data shows 75 percent of dwellings in the 2138 postcode are apartments, and turnover (annual sales as a percent of total stock) sits at 4 to 5 percent per year. That liquidity makes Rhodes pricing one of the most observable in Sydney’s inner west; comparable sales are abundant.
The $900K median weights all bedroom counts; the actual median by type is materially different from a single suburb-wide figure, which is why a price-by-bedroom breakdown is more useful for buyer decisions.
Price by Bedroom Count
Rhodes apartment prices in 2026 by bedroom count and typical internal floor area:
| Apartment Type | Internal Area | Typical Price Range | Median |
|---|---|---|---|
| Studio | 40 to 50 sqm | $620,000 to $700,000 | $650,000 |
| 1-bedroom | 55 to 65 sqm | $700,000 to $780,000 | $735,000 |
| 1-bedroom + study | 60 to 70 sqm | $750,000 to $830,000 | $785,000 |
| 2-bedroom | 75 to 95 sqm | $880,000 to $1,050,000 | $960,000 |
| 2-bedroom + study | 85 to 105 sqm | $980,000 to $1,200,000 | $1,080,000 |
| 3-bedroom | 105 to 130 sqm | $1,250,000 to $1,650,000 | $1,420,000 |
| 3-bedroom + study / penthouse | 130 to 180+ sqm | $1,800,000 to $2,500,000+ | $2,150,000 |
Studio apartments are rare in Rhodes; the bulk of stock is 1-bedroom through 3-bedroom. The $880K to $1.05M 2-bedroom band is the most active segment, accounting for around 45 percent of annual transactions.
Price per Square Metre and Floor Plate
A useful normalisation metric for Rhodes apartments is price per square metre on internal area (excluding balconies and storage, which are typically priced at 50 percent of internal rate).
| Building Era | Price per sqm (Internal) | Notes |
|---|---|---|
| New (2023+) | $12,000 to $13,500 | iCIRT-rated builds; modern finishes; DBP Act warranties |
| Recent (2018 to 2022) | $11,500 to $12,800 | Modern stock; nearing end of defects period |
| Established (2010 to 2017) | $10,500 to $11,800 | 10+ year buildings; out of statutory warranty |
| Older (2005 to 2009) | $10,000 to $11,500 | Original foreshore renewal stock |
For a 2-bedroom apartment of 85 square metres internal:
- New building at $12,500 per sqm: $1,062,500
- Established building at $11,200 per sqm: $952,000
- Older building at $10,800 per sqm: $918,000
The premium for new is real but moderate (10 to 15 percent over established at the same floor plate). The premium reflects both the statutory warranty period and lower expected maintenance over the first 5 to 7 years.
Premium Drivers: Views, Floor, Aspect, Building
Within the same building, individual apartment prices vary by 30 to 60 percent based on view, level, aspect, and finish upgrades. The main premium drivers in Rhodes:
- Water views (Parramatta River, Homebush Bay): 10 to 20 percent premium over no-view stock in the same building.
- City skyline views: 8 to 15 percent premium.
- Floor level: 1 to 2 percent per floor above level 5; 3 to 5 percent for top-floor apartments.
- Aspect: North-facing units carry a 3 to 7 percent premium over south; east 2 to 4 percent premium over west.
- Corner apartment with two aspects: 5 to 10 percent premium over interior apartment of same size.
- Car parking: single space included in most apartments; second space adds $30,000 to $50,000.
- Storage cage: typically $5,000 to $15,000.
- Developer-upgraded finishes (off-the-plan): $5,000 to $25,000 for premium kitchen, flooring, or joinery packages.
A north-facing top-floor 2-bedroom with water views in a new Billbergia building might trade at $1,200,000; a south-facing low-floor 2-bedroom with no view in the same building could be $920,000. Same floor plate, $280,000 difference, all from position.
New vs Established Pricing
New Rhodes apartments (off-the-plan or completed within the past 3 years) trade at a 5 to 10 percent premium over equivalent established stock. The premium reflects three factors:
- Statutory warranties: 6-year major defect cover under Home Building Act 1989 plus Design and Building Practitioners Act 2020 protections.
- Lower maintenance exposure: typical 5 to 7 years of minimal repair cost before major systems need replacement.
- Strata levy predictability: sinking fund forecasts published at handover with limited special levy risk for the first 5 years.
For first home buyers, the new-vs-established premium is offset (often more than offset) by:
- Higher FHBAS thresholds: $800K full exemption on new vs $650K on established.
- FHOG $10K cash on new builds under $750K (not available on established).
- Off-the-plan stamp duty calculated on dutiable value, often 50 to 70 percent of final price.
For investors, the depreciation advantage on new (typically $46K cumulative over 5 years vs $16K on established) covers the new-build premium entirely in higher tax brackets. See new vs existing investment guide for the full analysis.
Comparison to Neighbouring Sydney Suburbs
Rhodes pricing relative to neighbouring inner-west and inner-north apartment suburbs in 2026:
| Suburb | Median 2-Bedroom | Price per sqm | Train to CBD |
|---|---|---|---|
| Rhodes | $960,000 | $11,500 to $12,500 | 18 minutes |
| Wentworth Point | $920,000 | $11,000 to $12,000 | 22 minutes (via Rhodes) |
| Concord | $1,050,000 | $12,000 to $13,500 | 22 minutes |
| Strathfield | $1,000,000 | $11,800 to $13,000 | 15 minutes |
| Burwood | $880,000 | $10,800 to $12,000 | 17 minutes |
| North Sydney | $1,250,000 | $15,000 to $18,000 | 5 minutes |
| Chatswood | $1,100,000 | $13,000 to $15,500 | 16 minutes |
Rhodes offers value for the apartment market position: 18-minute CBD access, master-planned amenity, foreshore lifestyle, at $200K to $300K below Chatswood and North Sydney for equivalent 2-bedroom stock. Wentworth Point sits at a similar price point with slightly inferior transport.
Recent Price Trends and 10-Year View
Rhodes apartment price growth in recent years has been moderate to strong, with cyclical variation:
- 12 months to May 2026: approximately 4 to 6 percent growth.
- 3-year growth (May 2023 to May 2026): approximately 15 to 18 percent cumulative.
- 5-year growth (May 2021 to May 2026): approximately 28 to 35 percent cumulative.
- 10-year compound annual growth rate: 5 to 7 percent per annum.
The most reliable Rhodes apartment data sources are CoreLogic (subscription-only suburb reports), NSW Land Registry Services title transfer records (free via NSW Government Open Data), and Domain or realestate.com.au sold listings (free, lagging but useful for comparable sales). Always verify a per-square-metre quote by cross-checking 3 to 5 recent same-building or same-precinct sales before making an offer.
Looking forward, the Rhodes apartment market in 2026 has a balanced supply outlook: new releases continue in active Billbergia precincts but existing stock turnover keeps prices anchored to verifiable comparables. For buyers, this means the suburb median is a reliable benchmark and individual apartments can be sensibly priced against it.
Frequently Asked Questions
The Rhodes apartment median in 2026 sits at approximately $900,000 based on CoreLogic and NSW Land Registry Services data, weighted across 1-bedroom, 2-bedroom and 3-bedroom stock. Median price per square metre is $11,000 to $12,500, broadly in line with Wentworth Point and slightly below Concord and Strathfield apartment averages.
1-bedroom Rhodes apartments cost $700,000 to $780,000 in 2026, with typical internal areas of 55 to 65 square metres. Premium 1-bedrooms with water or city views, high floors, or in new Billbergia precincts trade at the upper end of the band. Studio apartments (under 50 sqm) are rare in Rhodes and typically sit at $620,000 to $700,000 when available.
2-bedroom Rhodes apartments range from $880,000 to $1,050,000 in 2026, depending on size (75 to 95 square metres), level, aspect, and building age. New off-the-plan 2-bedrooms in Billbergia precincts typically sit at $950,000 to $1,100,000; established 2-bedrooms in older blocks (pre-2015) closer to $850,000 to $950,000.
Rhodes apartments trade at $11,000 to $12,500 per square metre on internal area in 2026. New stock from iCIRT-rated developers like Billbergia trades at the higher end ($12,000 to $13,500 per sqm); older stock at $10,000 to $11,500. Premium positions (water views, top floors, north aspect) add 10 to 20 percent above the suburb average per sqm.
Rhodes apartment prices grew approximately 4 to 6 percent over the 12 months to May 2026, in line with long-term Sydney inner-west apartment growth. New construction completions through 2025 absorbed buyer demand, moderating short-term growth. The 10-year compound growth rate for Rhodes apartments sits at 5 to 7 percent per annum.
For first home buyers, a new off-the-plan apartment under $800,000 (typical 1-bedroom Rhodes stock) qualifies for full FHBAS stamp duty exemption ($28K saved) plus the $10K First Home Owner Grant on builds under $750,000. Combined, this can reduce upfront costs by $35K to $40K compared with an established apartment at the same headline price.
Yes. 3-bedroom Rhodes apartments range from $1,250,000 to $1,650,000 in 2026, with premium 3-bedroom apartments and penthouses (top floor, water views, three or more aspects) trading at $1.8M to $2.5M+. Per-square-metre rates for premium stock can reach $14,000 to $16,000, well above the suburb median.
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Billbergia has delivered thousands of apartments across Rhodes since the foreshore renewal began, including Rhodes Central, Phoenix Apartments, and upcoming releases. iCIRT 4.5 Gold rated; 6,000+ apartments delivered since 1988.
This article is general information only and does not constitute financial, legal, or property valuation advice. Price, range, and per-square-metre figures are indicative of Rhodes apartment market conditions in May 2026 and will vary by individual property. Always cross-check 3 to 5 comparable recent sales before making purchase or sale decisions. Speak to a licensed real estate professional, valuer, and conveyancer for guidance specific to your purchase. Sources include CoreLogic, NSW Land Registry Services, Australian Bureau of Statistics, and Domain Group apartment data.
