 The median weekly rent paid by Canberra residents is higher than rents in all other states and territories.As of January 2014 the median unit rent in Canberra was $410 per week and median housing rent was $460, making the city the third most expensive in the country.Factors contributing to this higher weekly rental market include; higher average weekly incomes, restricted land supply, and inflationary clauses in the ACT Residential Tenancies Act.