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A Comprehensive Guide to Melbourne’s Best House Rentals

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melbourne house for rent

Melbourne is a bustling cosmopolitan city that has been recognized as one of the most livable cities in the world for several years now. It is a city that daily welcomes tourists and professionals alike, making it a dynamic metropolis. So if you are looking for a place to experience a unique, vibrant lifestyle in Australia, Melbourne should be top of your list.

Melbourne is a city of distinctive neighborhoods, and where you choose to live can significantly affect your experience in Melbourne. There is an array of housing options available, including apartments, townhouses, and houses. If you are looking for a more private and spacious option, then renting a house is the way to go. In this guide, we will provide a comprehensive guide to the best house rentals in Melbourne. We’ll give you practical advice on how and where to find a rental house that meets your needs and budget.

Top 10 Best Neighborhoods to Rent a House in Melbourne

1. Richmond

Description

Richmond is a suburb located just three kilometers east of Melbourne’s city center. The neighborhood is a melting pot of cultures, and it’s renowned for its diversity of restaurants and cafes. Richmond has excellent facilities for kids and families, including parks and schools.

Price range

The average rental price for a three-bedroom house in Richmond is $650 per week.

2. St Kilda

Description

St Kilda is a renowned seaside suburb located just 6 kilometers southeast of Melbourne’s Central Business District. The neighborhood is famous for its beaches, cafes, and bars. St Kilda is also known for its cultural hub, the St Kilda Festival, and its proximity to Albert Park.

Price range

The average rental price for a three-bedroom house in St Kilda is $800 per week.

3. South Yarra

Description

South Yarra is a posh suburb located 4 kilometers southeast of Melbourne’s city center. It is known for its high-end retail stores and luxurious homes. The neighborhood is ideal for individuals who want to enjoy a sophisticated lifestyle.

Price range

The average rental price for a three-bedroom house in South Yarra is $1200 per week.

4. Brunswick

Description

Brunswick is a suburb located 6 kilometers north of Melbourne’s city center. The neighborhood is famous for its street art, collection of cafes, restaurants and the Brunswick Music Festival. It also hosts an array of facilities for kids and families.

Price range

The average rental price for a three-bedroom house in Brunswick is $550 per week.

5. Carlton

Description

Carlton is a suburb situated 3 kilometers north of Melbourne’s CBD. It is known for its Italian heritage and cultural significance, evident in its Victorian architecture and museums dedicated to art and science.

Price range

The average rental price for a three-bedroom house in Carlton is $850 per week.

6. Fitzroy

Description

Fitzroy is a suburb located 2 kilometers northeast of Melbourne’s city center. The neighborhood is a hub for the creative industry, with countless galleries, music venues, and street performers. The neighborhood offers a unique and vibrant way of life.

Price range

The average rental price for a three-bedroom house in Fitzroy is $750 per week.

7. Prahran

Description

Prahran is a suburb situated 5 kilometers southeast of Melbourne’s CBD. The neighborhood is perfect for individuals who love to indulge in the urban lifestyle, with its diverse options of bars, cafes, and restaurants.

Price range

The average rental price for a three-bedroom house in Prahran is $1200 per week.

8. Port Melbourne

Description

Port Melbourne is a suburb located 5 kilometers southwest of Melbourne’s CBD. The suburb has excellent access to public transport and offers a great lifestyle, from its cafes to its beaches.

Price range

The average rental price for a three-bedroom house in Port Melbourne is $800 per week.

9. Albert Park

Description

Albert Park is a suburb situated 3 kilometers south of Melbourne’s CBD. The neighborhood is home to Albert Park Lake, a popular location for families to rest and relax with aquatic activities.

Price range

The average rental price for a three-bedroom house in Albert Park is $900 per week.

10. Elwood

Description

Elwood is a seaside suburb located 8 kilometers south of Melbourne’s CBD. It offers a relaxed and scenic coastal lifestyle while remaining close to amenities and transport links.

Price range

The average rental price for a three-bedroom house in Elwood is $1000 per week.

How to Find the Best Rental House in Melbourne

1. Find a Good Real Estate Agent

If you are looking for the best rental properties in Melbourne, consider seeking help from a professional real estate agent. A good real estate agent can give you access to hidden properties, provide valuable guidance, and valuable advice on the best houses and neighborhoods that fit your lifestyle and budget.

2. Use Online Rental Platforms

Online rental platforms like realestate.com.au, domain.com.au, and realestateview.com.au are great platforms to find the best rental house in Melbourne. These platforms allow you to filter through thousands of listings, offering you the chance to discover the best properties that cater to your lifestyle and budget.

3. Attend Open for Inspections

Before you decide on a rental house in Melbourne, ensure that you attend the open for inspection events. This is an opportunity to view the properties and ask questions before making a final decision.

4. Consider a Short-Term Lease

If you are new to Melbourne and not sure which suburb is best for you, consider a short-term lease. This is a fantastic opportunity to explore different suburbs, neighborhoods, and gain first-hand knowledge of Melbourne’s lifestyle before committing to a long-term lease.

FAQs

Q: Is it cheaper to rent a house or an apartment in Melbourne?

A: Renting a house is generally more expensive than renting an apartment in Melbourne. However, it depends on various factors like location, size of the property, and the housing market at the time of the property search.

Q: Do you need a rental bond to secure a house in Melbourne?

A: Yes, it is common practice to pay a rental bond when renting a house in Melbourne. The bond serves as a security deposit, and it is returned at the end of the lease unless there are any outstanding fees or damages.

Q: Can I negotiate the rental price with the landlord?

A: The rental market in Melbourne is competitive, and landlords generally set their prices according to market value. However, it’s not uncommon for landlords to negotiate rental prices, particularly if the property has been vacant for an extended period.

Q: Can I rent a house in Melbourne without viewing the property?

A: We strongly advise you to view the property before signing any lease agreement. In the event, you are unable to inspect the property due to extenuating circumstances like distance or COVID-19 restrictions, request a virtual tour of the property to establish its suitability.

To find out more about buying a house in Melbourne, check out our Guide to Buying a House in Melbourne.

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