In August last year, SQM reports rental vacancy rates fell to 0.8 per cent. While the data has not been collated for the beginning of 2021, Wagga's real estate agents are confident there has been little change to the situation.

"Usually there's a 30-day turnaround for a property in Wagga but now there has been no downtime," said Scott Jones, department manager with PRD Nationwide in Wagga.

"As soon as a property becomes available people are lining up for it."

Raine and Horne property manager Chardell O'Neill told The Daily Advertiser there have definitely been some more sought after suburbs, but the interest has been consistent region-wide.

"We do have more interest in Central, Bourklands, Tatton and some parts of Glenfield," Ms O'Neill said.

"There's activity all over the city though.

"Usually we slow down in winter and then pick up again in December but [last year] it didn't stop at all."

Across Raine and Horne's property portfolio, the company has sunk to a 3 per cent vacancy low, while at PRD, on 0.3 per cent of rental properties are currently vacant.

Not since October 2005 when it fell to 0.2 per cent according to SQM Research, has the vacancy rate been so low for the city.

"This time last year, it was about 2 per cent [vacant]," Mr Jones said.

Anecdotally, Mr Jones estimates he's had between 25 and 50 renters look through each property in PRD's portfolio.

"We even had to work through Christmas to get people in, we were doing reference checks and going through applications. That usually never happens," Mr Jones said.

"We had people moving in right until Christmas Eve and then we've been flat out again since we got back on January 4."

To gain a better edge some prospective renters have been offering above the asking price to secure the home.

"It's been really good for landlords but unfortunately not for tenants, especially those with lower incomes," Ms O'Neill said.

The crowded renting market is a result of a combination of factors but it has been accelerated by the uncertainty surrounding COVID-19 and the border closures, according to Mr Jones.

"I can't define what it is. I think people are feeling the unknown. People are staying where they are because they can't freely move so they may as well stay put for another 12 months," Mr Jones said.