Can You Rent in a Retirement Village in NZ?

Retirement villages in New Zealand are often associated with ownership models, particularly through Occupation Right Agreements (ORAs). However, renting in a retirement village is becoming an increasingly popular option, especially for those who want flexibility and fewer upfront costs. Yes, you absolutely can rent in a retirement village in NZ, and it’s a viable alternative worth considering for many retirees.

Why Rent Instead of Buy?

The traditional ORA model requires a significant upfront payment, which might not suit everyone. Renting appeals to people who don't want to tie up capital in a long-term investment, or those who would rather keep their financial options open. For instance, some retirees may prefer to invest their funds elsewhere or pass them on to family instead of locking them into village ownership. Renting is also ideal for individuals looking to trial retirement village living without a long-term commitment. It offers an easier exit if their preferences or circumstances change, without the complexities involved in selling or exiting an ORA.

What Rental Options Are Available?

Many retirement villages across New Zealand now provide rental units, which can include studio units, one-bedroom, two-bedroom apartments, villas, and townhouses. According to AgedAdvisor, over 60 rental village listings are available nationwide, ranging from smaller, community-style setups to larger villages offering a full range of amenities. In addition to the living space, some rental options include services like meals, housekeeping, and laundry, often at an extra cost. Health services, security, and social activities may also be offered, allowing renters to enjoy a supportive and vibrant environment similar to residents under ownership agreements.

Affordability and Flexibility

One of the biggest advantages of renting is affordability. Unlike ORAs, there are no large capital payments, entry fees, or deferred management fees typically associated with village ownership. Instead, tenants pay regular rent, which covers accommodation and any additional services they choose. This flexibility can ease financial pressure and reduce stress, particularly for those on a fixed retirement income. Additionally, because rental agreements usually have shorter notice periods, residents aren’t locked in and can leave more easily if needed.

Is Renting Right for You?

Renting in a retirement village suits a wide range of people. Whether you’re seeking a low-maintenance lifestyle, want to stay socially connected, or need proximity to support services without making a long-term financial commitment, renting offers a practical solution. It's also beneficial for people who may be unsure if village life is right for them, providing the option to “test drive” the lifestyle. For more information and to explore rental retirement villages in New Zealand, visit:

Retirement Village Rental Listings

Or read more about renting in later life here:
Renting in Later Life Article