Property prices for rent in Melbourne (Victoria)

The rent prices in real estate in Melbourne, in the Victoria region have risen considerably in the last couple of months. There has been a strong rise in the rent prices this city.

$787.67
Average price last 6 months
$5.95
Price/m² last 6 months
Average price per m2

The price per m² in Melbourne has risen strongly during the last 6 months. In December, the average price per m² was $4.91. In the following month the price per m² fell considerably to $3.75. The price for the following two months in (February, March) had a considerable rise of 156 %. The price per m² has had a considerable rise of 122 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per m² of $5.54 to $6.77 during April, and May.

Average price

When referring to the price in Melbourne (suburbs), this has risen considerably in the last 6 months. In our first sample month during December, the average price is $550. In January This price remains at $526. During the following two months (February, March) the average price had a considerable rise of 250 % with regard to the previous two months. During the last two months the average price has fallen greatly compared to the previous four going from $942.25 to $478.5, which means a 51 % fall.

Average price per bedrooms

The graph displaying the average rent price for bedrooms illustrates that those properties with 1 bedroom are the most affordable ones. At a price of $506 they are 30 % more affordable than the average price for Melbourne . The properties with the highest average price have 2 bedrooms, Their price is 390 % more expensive than the average. After that we have properties with 4 bedrooms priced at $481.

With regard to the average price per m², those properties with 4 bedrooms are the most affordable ones at a cost of $0.98 / m², with an average $7.32 / m² price in Melbourne. The properties with the most expensive average prices have 1 bedroom. They are 113 % more expensive than the average followed by properties with 2 bedrooms with a price at $11.87 / m².

Price per property type

The graph displaying the average rent prices displays the property type "House" as the most affordable one. At an cost of $506 it is 11 % more affordable than the average price in Melbourne. "Office" is seen as the second most affordable property type. The most expensive property type is "Apartment" followed by "Office". At a price of $686 it is 178 % more expensive than the average price.

According to the average cost per m², the most affordable property is "House" at an average price of $1.11 / m² followed by "Apartment" priced at $11.99 / m². "Office" is the most expensive type of property with a $22.04 / m² value followed by "Apartment" with an average price of $11.99 / m².

Charts data
Average price May
Average price per m² May
Number of properties used in Melbourne
Number of properties used in region Victoria
$506
$7.32
4,338
22,018
** Graph's data with null or zero value are due to there isn't enough data available to get a reliable value
Other For Rent 26a/75 Garage 26a/75 Queens Road, Melbourne 3004, Vic Lock Up Garage For Rent
 1
Other For Rent 26a/75 Garage 26a/75 Queens Road, Melbourne 3004, Vic Lock Up Garage For Rent
60
Melbourne, Victoria - For Rent - 1 bathroom
Large garage for rent suitable for car or storage - entrance via queen lane arranging an inspection is easy. To book a time to inspect, simply click on 'email...
Townhouse For Rent 26 Mary Street, Brighton 3186, Vic An Essential Brighton Retreat With A...
 1
Townhouse For Rent 26 Mary Street, Brighton 3186, Vic An Essential Brighton Retreat With A...
$975
Melbourne, Victoria - For Rent - Townhouse - 3 bedrooms - 2 bathrooms
Short term lease available stunningly presented and promising a living experience that is wonderfully low-maintenance while still showcasing elegant modern...
House For Rent 46 Yarralea Street, Alphington 3078, Vic House For Rent In Alphington, Vic:...
 1
House For Rent 46 Yarralea Street, Alphington 3078, Vic House For Rent In Alphington, Vic:...
540
Melbourne, Victoria - For Rent - House - 3 bedrooms - 1 bathroom
To enquire on this property, please click on the ‘email agent’ button above house for rent: 46 yarralea street alphington, vic $540 per week ($2,339 per...
Apartment For Rent 602/67 Spencer Street, Melbourne 3000, Vic Fully Furnished Heritage Apa...
 1
Apartment For Rent 602/67 Spencer Street, Melbourne 3000, Vic Fully Furnished Heritage Apa...
$800.00 per week
Melbourne, Victoria - For Rent - Apartment - 2 bedrooms - 2 bathrooms
Situated in one of melbourne's most iconic buildings “grand central”, beautifully maintained throughout this fully furnished apartment offers of two spacious bedrooms...
Apartment For Rent 1111/555 Flinders Street, Melbourne 3000, Vic Northbank Place C Furnish...
 1
Apartment For Rent 1111/555 Flinders Street, Melbourne 3000, Vic Northbank Place C Furnish...
500
Melbourne, Victoria - For Rent - Apartment - 2 bedrooms - 1 bathroom
Well located right between melbourne cbd and southbank, this 2 bedroom apartment...