Searching for a cheap rental property? You’re not alone. To help you find a good deal, we’ve ranked the most affordable and most expensive suburbs by state and territory.
Did your suburb make the list? Click the suburb links below to see rental properties in that area!
Need funds to cover the cost of your bond and move?
If you’ve found a property (or even if you’re still looking), RentBond is a simple way to cover the initial costs of your rental bond before you move. RentBond is a bond payment plan offered through Rent.com.au. You can use the service to pay your rental bond in full at the beginning of a tenancy and repay it over the term of the lease.
Sydney, New South Wales
Sydney’s most expensive suburbs |
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Rank | Suburb | Median rent |
1 | Seaforth | $1,275 |
2 | Northbridge | $995 |
3 | North Bondi | $900 |
4 | Clovelly | $870 |
5 | Fairlight | $850 |
6 | Naremburn | $850 |
7 | Birchgrove | $798 |
8 | Manly | $795 |
9 | Double Bay | $790 |
10 | Sydney | $775 |
Sydney’s most affordable suburbs |
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Rank | Suburb | Median rent |
1 | Croydon Park | $430 |
2 | Gladesville | $480 |
3 | Eastlakes | $480 |
4 | Ashfield | $490 |
5 | Russell Lea | $500 |
6 | Summer Hill | $540 |
7 | Marrickville | $542 |
8 | Croydon | $545 |
9 | Lane Cove | $550 |
10 | Petersham | $550 |
You might also like:
– Rental applications: How long before I’m approved for a property?
– Your rental ledger – Why you should be asking for a copy
– What happens after you apply for a rental property?
Melbourne, Victoria
Melbourne’s most expensive suburbs |
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Rank | Suburb | Median rent |
1 | Albert Park | $660 |
2 | Balwyn North | $650 |
3 | Middle Park | $643 |
4 | Docklands | $600 |
5 | Fitzroy | $600 |
6 | Carlton North | $595 |
7 | Southbank | $573 |
8 | East Melbourne | $560 |
9 | Camberwell | $550 |
10 | Fitzroy North | $550 |
Melbourne’s most affordable suburbs |
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Rank | Suburb | Median rent |
1 | West Footscray | $378 |
2 | Footscray | $398 |
3 | Brunswick West | $400 |
4 | Fawkner | $400 |
5 | Essendon | $420 |
6 | St Kilda East | $420 |
7 | Pascoe Vale | $420 |
8 | Flemington | $423 |
9 | Preston | $430 |
10 | Thornbury | $430 |
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Brisbane, Queensland
Brisbane’s most expensive suburbs |
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Rank | Suburb | Median rent |
1 | Kenmore | $575 |
2 | Bulimba | $530 |
3 | Fairfield | $530 |
4 | Brisbane City | $520 |
5 | McDowall | $520 |
6 | St Lucia | $500 |
7 | Bardon | $500 |
8 | Paddington | $490 |
9 | Graceville | $490 |
10 | Wilston | $490 |
Brisbane’s most affordable suburbs |
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Rank | Suburb | Median rent |
1 | Greenslopes | $380 |
2 | Wooloowin | $380 |
3 | Annerley | $390 |
4 | Lutwyche | $390 |
5 | Kedron | $395 |
6 | Taringa | $400 |
7 | Coorparoo | $400 |
8 | Moorooka | $400 |
9 | Stafford | $400 |
10 | Auchenflower | $405 |
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– Choosing references for your rental application
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Perth, Western Australia
Perth’s most expensive suburbs |
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Rank | Suburb | Median rent |
1 | Dalkeith | $895 |
2 | Swanbourne | $650 |
3 | Floreat | $575 |
4 | Shenton Park | $535 |
5 | Ardross | $498 |
6 | Applecross | $495 |
7 | Cottesloe | $480 |
8 | Brentwood | $473 |
9 | Nedlands | $468 |
10 | Mount Pleasant | $465 |
Perth’s most affordable suburbs |
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Rank | Suburb | Median rent |
1 | Osborne Park | $265 |
2 | Wembley | $270 |
3 | Glendalough | $270 |
4 | Yokine | $290 |
5 | Tuart Hill | $290 |
6 | Maylands | $300 |
7 | Nollamara | $310 |
8 | Cloverdale | $320 |
9 | Redcliffe | $320 |
10 | Rivervale | $330 |
You might also like:
– Landlord rights and responsibilities at the final inspection
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Adelaide, South Australia
Adelaide’s most expensive suburbs |
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Rank | Suburb | Median rent |
1 | Henley Beach | $475 |
2 | Adelaide | $450 |
3 | Brompton | $440 |
4 | Bowden | $440 |
5 | Norwood | $420 |
6 | Fulham Gardens | $420 |
7 | North Plympton | $413 |
8 | Prospect | $410 |
9 | Unley | $409 |
10 | Klemzig | $405 |
Adelaide’s most affordable suburbs |
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Rank | Suburb | Median rent |
1 | Brooklyn Park | $283 |
2 | West Beach | $298 |
3 | Clarence Park | $300 |
4 | Glenside | $330 |
5 | Kensington Gardens | $333 |
6 | Richmond | $335 |
7 | Payneham | $335 |
8 | Broadview | $340 |
9 | Clearview | $340 |
10 | Blair Athol | $340 |
You might also like:
– Your step-by-step guide to end of lease cleaning
– Can I apply for a rental without viewing it first?
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Hobart, Tasmania
Hobart’s most expensive suburbs |
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Rank | Suburb | Median rent |
1 | Rose Bay | $550 |
2 | New Town | $520 |
3 | Hobart | $520 |
Hobart’s most affordable suburbs |
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Rank | Suburb | Median rent |
1 | Glenorchy | $380 |
2 | Mount Nelson | $380 |
3 | Warrane | $382 |
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Darwin, Northern Territory
Darwin’s most expensive suburbs |
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Rank | Suburb | Median rent |
1 | Bayview | $590 |
2 | Jingili | $520 |
3 | Parap | $500 |
Darwin’s most affordable suburbs |
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Rank | Suburb | Median rent |
1 | Nightcliff | $300 |
2 | Rapid Creek | $350 |
3 | Larrakeyah | $390 |
Looking in the NT?
Search for rental properties in Darwin, NT
Search for rental properties in Launceston, TAS
Search for rental properties in Devonport, TAS
Canberra, Australian Capital Territory
Canberra’s most expensive suburbs |
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Rank | Suburb | Median rent |
1 | Canberra | $730 |
2 | Ainslie | $700 |
3 | Cook | $625 |
Canberra’s most affordable suburbs |
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Rank | Suburb | Median rent |
1 | Red Hill | $468 |
2 | Waramanga | $470 |
3 | Braddon | $500 |
Looking in the ACT?
Search for rental properties in Canberra, ACT
Search for rental properties in Belconnen, ACT
Search for rental properties in Bruce, ACT
Lauren Vardy
Lauren Vardy was the Content Marketing Manager at Rent.com.au between 2015 and 2023. Formerly a journalist at Fairfax Media and Rural Press, Lauren's expertise extends to various media groups in Australia and internationally, including the Esperance Express, Southeast Asia Globe, Colosoul Magazine, The Sunday Times, and more.