Stone Street Studios has been leased about 50 car parks in the Wellington suburb for $1 a year since 2010, with the deal renewed in 2022.
Neil Sands said there was no public parking on or near Stone Street - and it was not fair to local businesses or residents.
"I've struggled to park there a number of times, and it's quite annoying," he said.
"People should be treated the same, so either charge Stone Street a fair fee for these carparks, or extend the same benefits to everyone.
"There's lots of businesses out there who would absolutely love to have a dedicated car park or two for their customers."
The Wellington City Council said the car parks were public parking spaces and only become private for Stone Street Studios when they were filming, but Sands said there were permanent 'no parking' signs, private security guards and road cones blocking them off.
He told RNZ's Checkpoint programme on Wednesday he had no issue with Stone Street or Jackson, "but I do have an issue with the quasi-privatisation of public land".
"Everybody's going through a cost of living crisis, and rates are going up, and maybe after 14 years it's time to take another look at a sweetheart deal like this."
The council told Sands it did not consult with residents before permitting a road encroachment licence.
Councillor Tim Brown said it was intended to minimise conflict between residents and those working at Stone Street Studios and there had been very few complaints since then.
However, the council would review it, he said.
"That is likely to entail asking residents if they want council to introduce time-limited, coupon and resident parking in their area.
"If they do, and are willing to pay to park on the street, then it's likely that something similar will be introduced for the studio."
The annual fee for on-street resident parking was about $100, Brown said.
