Where Is The Cheapest Rent In Melbourne?

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According to recent numbers, Melbourne is now, along with Adelaide, one of the two lowest capital cities within Australia for renters.

The average house rent in Melbourne remained at $430 per week during the June quarter, making it one of the cheapest cities in Australia, while rents in Adelaide increased by $5 weekly to $435.

Domain's Rent Report, published on Thursday, showed that in the plague-ravaged apartment market in Melbourne, rents for one bedroom units fell by 2.7%, or $10, to $365 per week, the same as in 2015.

Compared to a year earlier, apartment rents dropped by 12%, rising to $360 from $350 in Adelaide but remaining far lower than the average for other major cities.

Domain's chief of research & economics Nicola Powell noted that this is in stark contrast to previous year, when Melbourne's unit rents hit historic highs of $430 per week just before the coronavirus outbreak took hold and foreign students were prevented from entering the country.

House rents fell by $2.6%, or $10, in Melbourne's west during the past quarter.

Rents for apartments in the city continued to fall, down 2.6% from the previous quarter and 17.8% from a year ago.

House rates on the desirable Mornington Peninsula increased by 2.2% and unit rents by 4.3% inside the past three months, making this the only area of Melbourne where rents increased.

FAQs About Cheapest Rent

What Score Do You Need To Get Into Melbourne University?

As a guide, a minimum average of 70% or equivalent is required for entry based on a study completed at the university level. The levels of performance required may be higher and may vary by course. Entry is not guaranteed.

Is The University Of Melbourne Prestigious?

The University of Melbourne is arguably Australia's most prestigious university. It regularly tops the rankings for Australia in world rankings tables. Course satisfaction ratings are less than world-class, perhaps reflecting the university's commitment to research and postgraduate study.

Is The University Of Melbourne Expensive?

For example, the University of Melbourne lists prices for 2019 ranging from AU$19,008 per year for Master of Psychiatry up to AU$57,088 for a Doctor of Veterinary Medicine. Some graduate programs also offer Commonwealth-assisted places, so check with the institution.

Does The University Of Melbourne Accept Ielts?

At Melbourne, all undergraduate degrees are taught and assessed in English. When you apply for an undergraduate degree, you’ll need to meet the University’s English language requirement to be eligible for an offer to study at the University of Melbourne.

The following scores are the English language requirement to meet for all undergraduate degrees (except the Bachelor of Oral Health):

TOEFL (paper-based): total score of at least 577 with a 4.5 in the Test of Written English.
TOEFL (internet-based): total score at least 79 and 21 for writing, 18 for speaking, 13 for reading and 13 for listening.
IELTS: total score of at least 6.5 in the Academic International English Language Testing System (IELTS), with no bands less than 6.0.
Pearson Test of English: overall score of at least 58 and no PTE communicative skills score below 50.
Cambridge English, Advanced/Certificate in Advanced English (CAE): Cambridge English Score of at least 176 with no skill below 169.
C2 Proficiency (previously called Cambridge English: Proficiency (CPE) examination): Cambridge English Score of at least 180 with no skill below 180.

Does The University Of Melbourne Give Scholarships?

For the academic session 2021-2022, the university is offering 1500+ scholarships to international students from varying economic and academic backgrounds. These primarily include merit-based and need-based scholarships.

Unlike other university scholarship programs in Australia, the University of Melbourne scholarships covers more than just your chosen program’s tuition fee. These are various scholarships that will help cover expenses like accommodation in Australia, study abroad expenses, travel expenses, and even provide a living allowance.

The University of Melbourne Scholarships for bachelor programs include:

Bachelor of Arts International Scholarship
Melbourne Chancellor’s Scholarship
Melbourne International Undergraduate Scholarship
Commerce Undergraduate International Merit Scholarship
AG Whitlam Undergraduate Merit Scholarship
Melbourne Humanitarian Access Scholarship

The University of Melbourne Scholarships for Masters Programs include:

Melbourne School of Engineering Scholarship
Melbourne Graduate Scholarships
Science Graduate Scholarship (International)
N D Goldsworthy Scholarship for Physics
Queen’s College Science Scholarship
Melbourne Asian Development Bank Scholarship

The Most Affordable Suburbs In Melbourne To Rent A House

Is the capital city's laneways, street art, and excellent coffee appealing to you? It's possible to find affordable housing options by renting a home or apartment.

Melbourne, the capital of Victoria and Australia's second-largest city, is widely regarded as one of the world's most hospitable places to live because of its diverse population, high quality of life, and low cost of living.

It is also well-known for its gridlock and its weather, which may change dramatically from one day to the next, giving locals a taste of all four seasons in one.

As could be expected, the cost of living in one of Australia's most desirable capital cities could be quite high. CoreLogic, a provider of real estate data and analytics, reports that the median rent in Toorak, Melbourne's most expensive neighbourhood, is $1,100 per week. In Brighton East, a weekly rent of over $600 is not uncommon.

If that seems too steep, know that the median weekly rent in some regions of Melbourne is well under $400.

Using CoreLogic's rental price data for the Melbourne & Greater Melbourne areas, we've identified the following locations as some of the best bargains in the city right now:

Melton, around 44 km west of Melbourne's central business district, has the cheapest property rentals in the metropolitan area.

Following is a list, in both descending (from least expensive to most expensive) and ascending (from first to last) order, of the top 10 areas with the cheapest weekly median rent costs for houses, as computed by CoreLogic.

Melton – $320 per week

Melton is a Melbourne suburb located 44 kilometres west of the central business district and adjacent to the Western Freeway. There are many dog-friendly parks and the beautiful Melton Botanic Garden. Online, you'll find a wide range of opinions from those who have either lived in or visited Melton.

According to CoreLogic, the median value of a home in Melton is close to $375,000 right now.

According to Realestate.com.au, the largest population groups in Melton are mature families (couples with children aged 55 to 64; 25.2%) and middle-aged families (couples with children aged 45 to 54; 11.6%). Only 2.5% of residents are families with children younger than 35.

Melton South – $320 per week

Melton South, an adjacent suburb, is roughly 44 kilometres from the centre of town. Its western boundary is formed by the Melton Reservoir as well as its eastern boundary by the Werribee River.

Domain estimates that there are about 11,500 residents in Melton South, with a median age of about 20 years old among a population that is largely composed of homeowners rather than rentals and singles rather than families. According to CoreLogic, the median home value is now around $396,300.

Millgrove – $325 per week

Located in the Yarra Ranges, 79 kilometres east of Melbourne's central business district, is the suburb of Millgrove. The area is ideal for sight-seers and nature enthusiasts thanks to its location on the banks of the renowned Yarra River and its proximity to the surrounding mountain range.

As of right now, according to CoreLogic, the median home price in Millgrove is roughly $408,700. A real estate suburb profile for Millgrove reveals that the majority of residents are well-established couples and families with parents aged 45–54 (20.4%), followed by senior couples and families (19.7%), and finally, young adults (couples, singles, and homesharers under the age of 35) (10.7%).

Doveton – $330 per week

Located in the Casey district to the south-east of Melbourne, Doveton is about 40 kilometres (km) by car from the CBD and close to Dandenong Hospital. The Myuna Farm is located here, and it's a great place for kids and their parents to get up up and personal with some animals.

Domain reports that out of Doveton's 9,380 residents, a large majority are homeowners rather than renters, and that there are more individuals than families living there. CoreLogic reports that the median value of a home in today's market is close to $451,600.

Frankston North – $330 per week

Frankston North is a suburb of Melbourne, Australia, located in the city's south-east, and it features easy access to the outdoors thanks to the Pines Fauna and Flora Reserve. This neighbourhood is located on the Mornington Peninsula Freeway.

CoreLogic reports that the current median home value within Frankston North is $433,400. The majority of residents are long-term couples and children (19.2%), followed by retirees (65 and up) who live alone (12.9%), and finally retirees (55-64) who live alone (12.6%), according to data compiled by realestate.com.au.

Kurunjang – $330 per week

More over 40 kilometres away from Melbourne is the community of Kurunjang, which is in the Melton Council. People who have either lived in or frequented Kurunjang online tend to have a favourable impression of the area, saying things like "it's an excellent spot with families with small children, professionals, and more."

Domain reports a population is 10,061 for the town of Kurunjang, with 76% of those residents being homeowners as opposed to 24% being renters, and 52% of those residents being unattached as opposed to 50% being in families. According to CoreLogic, the median value of a home in the United States is close to $423,500 right now.

Ardeer – $340 per week

Located 20 kilometres north-west of Melbourne's central business district, Ardeer is still a suburb within Brimbank municipal area. Kororoit Creek and Far more Park, both with walking routes around them, add a pleasant touch of nature to the area for people who like exercising in the fresh air.

According to data compiled by CoreLogic, the median value of a home in Ardeer is close to $608,300. According to demographic data compiled for a real estate suburb profile, Ardeer is home to a diverse mix of young singles (15%), young couples and families (16%), and senior families and individuals (17.6%). (families, couples, extended families and single parents aged 35-44).

Laverton – $340 per week

Just to the south-west of Melbourne's central business district, Laverton can be found along the Princess Freeway. The trip into town should take no more than 30 minutes by car. People who have either visited or lived in Laverton rave about the area's affordability, accessibility, and quality of life online.

Domain estimates that of Laverton's population of just over 4,900, a majority are single professionals and a majority are either owners or in the process of becoming owners (compared to families). According to CoreLogic, the national median home price is close to $574,800 right now.

Melton West – $340 per week

All along Western Freeway is where you'll find Melton West, a suburb about 50 kilometres from the city centre. The Woodgrove Shopping Mall serves as the commercial hub of the neighbourhood, which also features a number of schools.

According to CoreLogic, the median home value within Melton West is close to $435,000. According to data compiled by Realestate.com.au, Melton West is primarily occupied by retirees and their families (24.6% of the population), maturing couples (18.7% of the population), and established families (17.6% of the population).

Albanvale – $350 per week

If you live in Albanvale and need to go into the city quickly, taking the train into town is only a short distance away or driving less than thirty kilometres. The shopping in Brimbank Centre is very accessible.

Domain estimates that there are roughly 5,500 residents in Albanvale, with slightly more singles and somewhat fewer couples than homeowners. According to CoreLogic, the national median value of a home is at $494,000 right now.

The Most Affordable Suburbs In Melbourne To Rent A Unit

If you prefer an apartment than a house, you might be surprised at how close to the centre of Melbourne the most affordable apartment rental area is. Albion, in Brimbank, is around 12 kilometres from Melbourne's central business district.

The outer west and south-east of Melbourne have the city's cheapest rental markets, and experts have called the city's renter affordability "pretty healthy."

CoreLogic's Choosing the Best research found that the median weekly rent in Melton, 35 kilometres west of a CBD, was $320.

This sum covers the period from December 31 of the previous year until November 30 of this year and represents an increase over the $310 recorded the year before.

Doveton, 31 kilometres to the south-east, and Melton South, 37 kilometres to the west, both cost about $330.

The former saw a median weekly income increase of $10 from the previous year, while the latter saw no change.

The ten Greater Melbourne suburbs with the cheapest median weekly rent for apartments, as estimated by CoreLogic, are shown below, first by price (from the lowest to the highest of cheapest rents) then in alphabetical order.

Albion – $270 per week

Located in the Brimbank area, Albion is just a western suburb that is roughly a half-hour drive from Melbourne proper. If you don't feel like going into the city, the Sun Plaza Shopping Center is conveniently located nearby.

In accordance with data provided by CoreLogic, the median home price in Albion is close to $342,600. Albion's real estate profile indicates that its population is composed primarily of young singles (30.2%), middle-aged singles (17%), and retired families (11.6%).

Melton South – $290 per week

After previously making CoreLogic's list of the ten cheapest Melbourne suburbs to rent a house, Melton South now ranks highly as an inexpensive option to rent an apartment. It's around 44 kilometres (km) from the city, as we indicated before.

According to CoreLogic, the median apartment price in Melton South is about $312,550 right now. According to data from a real estate suburb profile, the majority of residents in Melton South are either middle-aged (26.6%) or elderly (14.5%) households.

Dandenong – $320 per week

Approximately 38 kilometres (km) south-east of Melbourne is the city of Dandenong. The neighbourhood is conveniently located next to a major train route and features a hospital. Domain calls the Dandenong Market, established in 1866, a "iconic" landmark, and the Dandenong Plaza makes this neighbourhood a great place to do shopping.

Domain estimates that 29,900 individuals call Dandenong home; the majority are families and the majority of residents are renters (compared to single people). According to CoreLogic, the median home price is now around $343,300.

Hoppers Crossing – $320 Per Week

Located around 30 kilometres south-west of the city centre, Hoppers Crossing is where you'll find the Werribee Plaza as well as numerous family-sized residences on vast blocks.

According to CoreLogic, the current median unit value of Hoppers Crossing is close to $390,000. According to data compiled by realestate.com.au, the majority of Hoppers Crossing residents fall into one of three demographic groups: well-established families (23.1% of the population), mature families (22.9% of the population), and maturing families (11.3% of the population).

Kingsville – $320 per week

Kingsville, an internal suburb in the Maribyrnong LGA, is located roughly 5 kilometres from the central business district. People who have either lived in or attended Kingsville have largely positive things to say about it on the internet. Some claim it's a tranquil area perfect for young families, empty nesters, and the elderly.

Domain estimates that of Kingsville's around 4,000 residents, the vast majority are either owners or only occupants (compared to families). According to CoreLogic, the median value of a dwelling is now near $403,400.

Werribee – $320 per week

Werribee is a suburb of Melbourne in the Wyndham municipal area, a short rail ride or drive to the south-west of the city. Werribee Golf Golf Club and the Werribee Open Plains Zoo are also easily accessible from this area.

According to CoreLogic, the median unit price in Werribee is now around $381,900. According to Realestate.com.au, most residents in Werribee are middle-aged professionals and their families (20.8%), followed by middle-aged couples and their families (18.6%) and mature singles and those without children (11.1%).

Cranbourne – $325 per week

Located around 55 kilometres south-east of Melbourne, Cranbourne is indeed a suburb inside the Casey region. It's home to one of Victoria's two Royal Botanic Gardens; the other is in Melbourne's city centre.

Domain estimates that among Cranbourne's about 20,000 residents, more than twice as many own their homes as rent, and the majority are unmarried (compared to families). According to CoreLogic, the median value of a home in the United States is presently $349,800.

Frankston – $325 per week

Located 50 kilometres south-east of Melbourne, on the shores of Port Phillip Bay, the neighbourhood of Frankston boasts a waterfront location. The Frankston Hospital provides medical care for the area, which is also a popular shopping district.

According to CoreLogic, the median value of a unit in Frankston is at $383,400 right now. According to data from a real estate suburb profile, the majority of Frankston residents fall into three categories: those with children (16%), those with established families (13.9%), and those who are independently successful (13.2%).

Dandenong North – $328 per week

Dandenong North may be found 35 kilometres south-east of Melbourne's central business district. Tirhatuan Park is the location of a Dandenong Stadium and also the Dandenong Creek Trail.

Domain reports that of Dandenong North's around 22,500 residents, more than twice as many are homeowners as renters, and the majority live in family-oriented neighbourhoods (compared to singles). CoreLogic estimates that the current median home price is around $435,300.

Hastings – $330 per week

Hastings, about 77 kilometres from the city, is a suburb just on Mornington Peninsula, a renowned tourist destination. Heavy enterprises like an oil refinery and industrial operation call this area on Western Port Bay home, and it also features a number of shopping centres.

According to CoreLogic, the median home price in Hastings is presently around $379,600. According to data from a real estate suburb profile, Hastings is home to a population that is disproportionately made up of retirees (at 12.2%), those who are retired (at 17.2%), and both young and old couples and families (13.6%).

Conclusion

Melbourne remained one of Australia's most cheap housing markets in June, with average dwelling rents at $430 per week. Apartment rents decreased by 12% compared to Adelaide, rising to $360 from $350 but significantly below the average of other major cities. CoreLogic data shows that the following areas in Melbourne and the surrounding area have low rental costs. Millgrove is a Melbourne suburb in the Yarra Ranges, 79 miles east of the CBD. Most of Doveton's 9,380 residents own homes.

A real estate suburb profile of Ardeer shows many young professionals living alone or together. Melbourne's outer west and south-east have the lowest rents. In 2016, Melton's weekly rent was $320. Brimbank's Albion is 12 km from Melbourne's CBD. Melton South, Dandenong, and Hoppers Crossing have the cheapest Melbourne apartments.

Melton South's median house price is $312,550, whereas Melton's is $343,300. Albion's people are mostly youthful (30.2%), middle-aged (17%), or retired families (11.6%). Werribee, Cranbourne, Dandenong North, and Frankston are southeast of Melbourne. CoreLogic estimates the median Werribee property price at $381,900. The median US home price is $349,800.

Content Summary

According to recent numbers, Melbourne is now, along with Adelaide, one of the two lowest capital cities within Australia for renters.
The average house rent in Melbourne remained at $430 per week during the June quarter, making it one of the cheapest cities in Australia, while Adelaide's rent increased by $5 weekly to $435.Domain's Rent Report, published on Thursday, showed that in the plague-ravaged apartment market in Melbourne, rents for one-bedroom units fell by 2.7%, or $10, to $365 per week, the same as in 2015.
Compared to a year earlier, apartment rents dropped by 12%, rising to $360 from $350 in Adelaide but remaining far lower than the average for other major cities.
House rents fell by $2.6%, or $10, in Melbourne's west during the past quarter.
Rents for apartments in the city continued to fall, down 2.6% from the previous quarter and 17.8% from a year ago.
House rates on the desirable Mornington Peninsula increased by 2.2% and unit rents by 4.3% in the past three months, making this the only area of Melbourne where rents increased.
Melbourne, the capital of Victoria and Australia's second-largest city, is widely regarded as one of the world's most hospitable places because of its diverse population, high quality of life, and low cost of living.
Using CoreLogic's rental price data for the Melbourne & Greater Melbourne areas, we've identified the following locations as some of the best bargains in the city right now: Melton, around 44 km west of Melbourne's central business district, has the cheapest property rentals in the metropolitan area.
Following is a list, in descending (from least expensive to most expensive) and ascending (from first to last) order, of the top 10 areas with the cheapest weekly median rent costs for houses, as computed by CoreLogic.
According to CoreLogic, the median value of a home in Melton is close to $375,000.
Domain reports that out of Doveton's 9,380 residents, a large majority are homeowners rather than renters and that more individuals than families live there.
Frankston North is a suburb of Melbourne, Australia, located in the city's southeast, and it features easy access to the outdoors thanks to the Pines Fauna and Flora Reserve.
CoreLogic reports that the current median home value within Frankston North is $433,400.
The majority of residents are long-term couples and children (19.2%), followed by retirees (65 and up) who live alone (12.9%), and finally, retirees (55-64) who live alone (12.6%), according to data compiled by realestate.com.au.
More than 40 kilometres from Melbourne is the community of Kurunjang, which is in the Melton Council.
According to CoreLogic, the median value of a home in the United States is close to $423,500.
People who have visited or lived in Laverton rave about the area's affordability, accessibility, and quality of life online.
Domain estimates that of Laverton's population of just over 4,900, a majority are single professionals, and a majority are either owners or in the process of becoming owners (compared to families).
CoreLogic says the national median home price is close to $574,800.
All along Western Freeway is where you'll find Melton West, a suburb about 50 kilometres from the city centre.
According to CoreLogic, the median home value within Melton West is close to $435,000.
If you prefer an apartment to a house, you might be surprised at how close to the centre of Melbourne the most affordable apartment rental area is.
The outer west and south-east of Melbourne have the city's cheapest rental markets, and experts have called the city's renter affordability "pretty healthy."
CoreLogic's Choosing the Best research found that the median weekly rent in Melton, 35 kilometres west of a CBD, was $320.
After previously making CoreLogic's list of the ten cheapest Melbourne suburbs to rent a house, Melton South now ranks highly as an inexpensive option to rent an apartment.
According to CoreLogic, the median apartment price in Melton South is about $312,550.
Approximately 38 kilometres (km) southeast of Melbourne is the city of Dandenong.
According to CoreLogic, the median unit price in Werribee is around $381,900.
According to Realestate.com.au, most residents in Werribee are middle-aged professionals and their families (20.8%), followed by middle-aged couples and their families (18.6%) and mature singles and those without children (11.1%).
Domain estimates that among Cranbourne's about 20,000 residents, more than twice as many own their homes as rent, and the majority are unmarried (compared to families).
According to CoreLogic, the median value of a home in the United States is $349,800.
Domain reports that of Dandenong North's around 22,500 residents, more than twice as many are homeowners as renters, and the majority live in family-oriented neighbourhoods (compared to singles).