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Top 10 Most Affordable Houses for Rent in Melbourne

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Top 10 Most Affordable Houses for Rent in Melbourne

Looking for affordable houses for rent in Melbourne? With the city’s growing population and housing demand, it can be a challenge to find affordable yet quality rental homes. However, with some research and patience, you can discover some hidden gems in the city’s different neighborhoods.

Melbourne is known for its beautiful parks, vibrant culture, and diverse communities. It’s an excellent city to live in, but rental prices can often be high, especially in the more popular areas. Nonetheless, you can still find a variety of affordable houses for rent in Melbourne. In this article, we’ve narrowed down the top 10 most affordable houses for rent, perfect for those with a tight budget or just looking to save some extra cash.

1. St Kilda East

Located in the east of Melbourne, St Kilda East is a popular suburb for renters due to its affordability and accessibility to all amenities. With an average rental price of $430 per week, it’s an excellent option for those looking for a low-cost rental property.

2. Reservoir

A suburb located in the northern part of Melbourne, Reservoir is home to some of the most affordable rental properties. With a median rent of $360 per week, renters can enjoy the convenience of the nearby shopping centers and easy public transport access.

3. Clayton South

This quiet suburb is located in the south-east of Melbourne and offers affordable houses for rent starting at $350 per week. It’s an ideal location for those who enjoy a more peaceful lifestyle and with easy access to local amenities.

4. Sunshine North

Sunshine North is a suburb located west of Melbourne and offers affordable houses for rent starting at $350 per week. Renters can enjoy the convenience of local amenities, including the shopping center and easy access to public transport.

5. Doveton

Doveton is located on the outskirts of Melbourne’s southeast suburbs and offers rental properties starting at $300 per week. The suburb has fantastic access to public transport and is home to parks and community centers, perfect for families.

6. Frankston North

Located on the Mornington Peninsula, Frankston North offers rental properties starting at $310 per week, making it an ideal choice for those looking for affordable housing near the coast. The suburb is home to community centers, parks, and public transport hubs.

7. Noble Park

Noble Park is located southeast of Melbourne’s CBD and offers rental properties starting at $320 per week. The suburb is well-connected, with excellent access to public transport, shopping centers, and recreational activities, perfect for families.

8. Melton

Melton is a suburb located west of Melbourne and offers rental properties starting at $280 per week. With the nearby shopping centers, schools, and recreational activities, it’s an ideal location for families, couples, and singles.

9. Ardeer

With rental properties starting at $330 per week, Ardeer is a western suburb of Melbourne that offers affordable and convenient housing options. The suburb is home to parks, schools, and public transportation hubs, perfect for those looking for a peaceful lifestyle in the city.

10. St Albans

Located northwest of Melbourne, St Albans is a suburb of diversity that offers rental properties starting at $350 per week. With easy access to public transport, shopping centers, and recreational activities, it’s an excellent choice for renters who want to live centrally but without the high rental costs.

Conclusion

If you’re on a tight budget and looking for affordable houses for rent in Melbourne, there are plenty of options available. The above suburbs represent just a few of the many affordable rental housing options in Melbourne. While you may need to venture outside the city’s more popular areas, with a bit of patience and some research, you’ll find an affordable home that’s perfect for your needs.

FAQs

What is the average cost of rent in Melbourne?

The average rental cost in Melbourne varies depending on the location and the type of property. However, the median rent for a one-bedroom apartment in Melbourne is around $1,400 per month or $350 per week, according to the latest data from Domain.

Is it cheaper to rent or buy a house in Melbourne?

Whether to buy or rent a house in Melbourne depends on your financial circumstances and preferences. However, it’s generally cheaper to rent than buy in the short term. Over the long term, buying a property can be more cost-effective than renting, depending on the property’s value and mortgage interest rates.

Where can I find more information on buying a house in Melbourne?

If you’re interested in buying a house in Melbourne, check out this Guide to Buying a House in Melbourne. It covers everything you need to know about buying a property in Melbourne, including the current market trends, regulations, and financing options.

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