Monthly data by Rent.com.au has revealed the most affordable suburbs for shared accommodation within 10km of Melbourne CBD.

Occasionally overlooked in favour of more sought-after neighbours, these suburbs offer cheaper rents (and shared living options) for a similar location and lifestyle.

shared living

Looking for a roof to put over your head can be daunting for even the most experienced house hunters with plenty of factors to consider – from location, to budget, to the type of accommodation that will best suit your needs. Depending on circumstances, you may find it easier to apply to share accommodation, rather than renting a house or apartment on your own.

Rent.com.au’s report names the top five Melbourne suburbs which offer the most affordable price per room within 10km of the CBD, with many property options for renters looking to find a home – particularly if they have shared housing in mind.

Renting a home in Melbourne will set you off around twenty thousand dollars a year, or about $400 a week, as per the latest Rent.com.au Rental Snapshot report.

Sharing a rental with friends can be a more affordable option to inner-city living. Maidstone, some 8km north-west of Melbourne recorded a price-per-room of $150 each week. Renters could also find sharing steals in Kingsville ($155), Pascoe Vale ($165), West Footscray ($168) and Coburg ($181).

Melbourne’s most affordable suburbs (price per room)
Rank Suburb Area Price per room Distance to CBD
1 Maidstone North-West $150/pw 8km
2 Kingsville West $155/pw 9km
3 Pascoe Vale North $165/pw 10km
4 West Footscray West $168/pw 7km
5 Coburg North $181/pw 8km

Source: Rent.com.au, based on property leasing data in February 2017

Bargain hunters who aren’t sold on shared living can still find affordable inner-city properties. In February, Kingsville properties are the most affordable to rent within 10km of the Melbourne CBD, with the median weekly rent per property sitting at $330 per week. Thornbury ($350), West Footscray ($360), Brunswick West ($370) and Hawthorn ($375) are also among Melbourne’s most affordable rental suburbs.

Melbourne’s most affordable suburbs within 10km of the CBD
Rank Suburb Area Median rent Distance to CBD
1 Kingsville West $330/pw 9km
2 Thornbury North $350/pw 7km
3 West Footscray West $360/pw 7km
4 Brunswick West North $370/pw 6km
5 Hawthorn East $375/pw 6km

Source: Rent.com.au, based on property leasing data in February 2017

Now, shared accommodation is by and large the cheapest way to live in today’s rental market, but it is possible to live frugally by broadening your search. It’s not just proximity to Melbourne’s CBD that’s important here. What’s also important is the liveability of your new community.

For example, can you walk to your nearest shopping centre, or the local pub? Can you leave your car at home and rely on public transport? There are several areas further from the city yet are highly walkable – this is why we show Walk Score on every property listed on our website.

Melbourne’s most affordable: The suburbs with the cheapest price-per room within 10km of Melbourne CBD: Rent.com.au

shared living
A 2-bedroom townhouse in a very convenient Maidstone location.
  1. Maidstone (3012)


    Rent.com.au’s report revealed Maidstone is currently the cheapest place to land a room close to Melbourne City. Just 8 kilometres north-west of the CBD, the suburb draws an independent, younger demographic and is flanked by three of Melbourne’s most notable landmarks: the Melbourne Showgrounds, the Maribyrnong River and Flemington Racecourse. With an average room rental of $150/pw, Maidstone is 11.7 per cent cheaper than its neighbouring suburbs West Footscray ($168.75/pw) and 26 per cent cheaper than Maribyrnong ($195/pw).

shared living
Situated at the rear of the block, this light and bright one-bedroom is close to Yarraville Shops. The property comes NBN ready and is Very Walkable.
  1. Kingsville (3012)

    Located 9 kilometres from Melbourne City, Kingsville is one of the best places to snag a cheap room. The median price per room in Kingsville is $155/pw, which is 20.2 per cent cheaper than nearby Seddon ($190/pw) and 25.3 per cent cheaper than Yarraville ($200/pw). Kingsville’s streetscape is beautiful, the neighbours friendly and good eating and entertainment in Seddon and Yarraville are never far away, as is access to local shopping centres, public transport and supermarkets. The suburb has large blocks which are now being subdivided and redeveloped as townhouses, together with apartment blocks where you can pick up an apartment for a steal.

shared living
A beautiful home in a convenient Pascoe Vale location. This home is within walking distance to shops, schools and public transport.
  1. Pascoe Vale (3044)

    Known for its many parks and gardens, Pascoe Vale is just 10 kilometres north of Melbourne City and a great spot to consider looking for shared housing with a median room price of $165/pw. It’s one of the few suburbs in Melbourne with access to every major freeway in less than 10 minutes (with Eastern Freeway being the small exception). Safe, quiet and friendly, Pascoe Vale is close to Flemington Racecourse, Melbourne Showgrounds and Moonee Valley Racecourse, with easy access to regional towns Geelong, Ballarat and Bendigo. Pascoe Vale is a lovely summation of Melbourne culture and accessibility.

shared living
This spacious 2-bedroom apartment in West Footscray, VIC is located in one of Footscray’s most sought-after streets. The property is NBN ready and is Very Walkable.
  1. West Footscray (3012)

    Just 7 kilometres from Melbourne’s CBD, West Footscray is another of Melbourne’s inner-western suburbs to make the list for affordable shared housing suburbs. The median price per room in February was $168/pw, a good 24.5 per cent cheaper than close-by Footscray. West Footscray has the benefit of holding character and charm without an attached price tag. The family-oriented suburb offers easy access to the city through some solid public transport links.

shared living
Stroll to Sydney Road from this modern top floor apartment in Coburg. The property rates as Very Walkable.
  1. Coburg (3058)

    Less than 10 minutes from the city, Coburg has managed to maintain a causal, laidback feel which will delight house hunters looking for share accommodation. Its closeness to the CBD, (just 8 kilometres) makes it an attractive option for independent youth and students alike. New, modern townhouses are starting to spring up around town, as well as a host of contemporary apartment buildings – and more slated for development soon. With a price per room of $181/pw keeping it well within an affordable range that close to the CBD, Coburg is easy to love.

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