Melbourne – city of art, cafes, and culture. No wonder students flock here to study. If you’re looking for a place to call home while you’re studying in Melbourne, we’ve got you covered! Finding affordable student housing can be tough, but with a bit of digging, it’s possible to find a great place that fits your budget.

Don’t limit yourself to just the university’s neighbourhood, broaden your search to surrounding suburbs. With a little bit of research and some insider tips, you’ll find a place that’s perfect for you and your wallet.

We know the struggle of trying to find a place close to campus without breaking the bank, so we’ve put together a list of suburbs that offer rentals for under $400 a week and are super convenient to Melbourne’s major universities.

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Want to save some cash on housing? Look for a place to share with roommates, it can help you divide the cost, and you might even find a place that fits your lifestyle needs. Check out apartments and townhouses in the campus suburbs, they offer great views and quiet spaces for studying and group work.

Before you get started:

Here are four questions worth asking yourself before you get in too deep:

  1. Are you willing to travel the distance? Want to save on rent? Look beyond the campus! Living close to uni may be convenient, but it’s also expensive, especially in the city centre. Consider neighbouring suburbs for more affordable options.
  2. Do you want to buy your own furniture? Unfurnished rentals may be cheaper, but factor in the extra cost and effort of buying and moving furniture.
  3. Am you open to sharing your space? Sharing common areas with roommates can save money and lead to new friendships, but it’s also okay to want your own space.
  4. What are you happy to pay in rent? Budgeting for an apartment goes beyond rent: don’t forget utilities and internet.

The most affordable university suburbs in Melbourne

UniversityCampus suburbMedian rent
Deakin University – BurwoodBurwood, VIC$280/week
Monash UniversityClayton, VIC$430/week
Victoria UniversityFootscray, VIC$312/week
Swinburne University of TechnologyHawthorn, VIC$450/week
La Trobe UniversityBundoora, VIC$415/week
RMIT UniversityMelbourne, VIC$600/week
The University of MelbourneParkville, VIC$562/week
Source: Suburb Lifestyle Data: January 2023.

So where do I look for rental properties?

Find your perfect student pad with ease! 🏠🏫 Check out our breakdown of key suburbs and surrounding areas near Melbourne’s major universities.

Just click the dropdown for instant access to your university’s website, accommodation page and rental properties under $400/week in surrounding suburbs.

DEAKIN UNIVERSITY – Melbourne Burwood campus

Find it at 221 Burwood Highway, Burwood, VIC. Check out the Deakin University website.

See accommodation options at Deakin University

Find rental properties in Burwood & surrounds under $400/week


Find it at Wellington Road, Clayton, VIC. Check out the Monash University website.

See accommodation options at Monash University

Find rental properties in Clayton & surrounds under $400/week


Find it at 70/104 Ballarat Road, Footscray. Check out the Victoria University website.

See accommodation options at Victoria University.

Find rental properties in Footscray & surrounds under $400/week


Find it at John Street, Hawthorn. VIC. Check out the Swinburne University of Technology website.

See accommodation options at Swinburne University of Technology.

Find rental properties in Hawthorn & surrounds under $400/week


Find it at Plenty Road and Kingsbury Drive, Bundoora, VIC. Check out the La Trobe University website.

See accommodation options at La Trobe University.

Find rental properties in Bundoora & surrounds under $400/week


Find it at 124 La Trobe Street, Melbourne, VIC. Check out the RMIT University website.

See accommodation options at RMIT University.

Find rental properties in Melbourne & surrounds under $400/week


Find it at Grattan Street, Parkville, VIC. Check out The University of Melbourne website.

See accommodation options at The University of Melbourne.

Find rental properties in Parkville & surrounds under $400/week

Things worth remembering:
Be cautious of too-good-to-be-true rental properties, and be aware of your housing rights and obligations in Victoria. Here’s how to avoid common rental scams. is Australia's largest company dedicated to renters and is owned and operated by ASX-listed Limited (RNT:ASX). For over 15 years, has exclusively focused on making renters' lives easier by making it easier to find a property, secure it, move in and pay rent.