Who Has the Cheapest Rent in Australia?
- Written by NewsServices.com
Where do we find the cheapest rent in Australia right now?
It’s no news that property prices have been going up across the country, increasing borrowing capacity and leaving wages in the wind. So as renters looking to pinch pennies, where should we direct our attention when we move?
According to Corelogic, it’s not to Canberra, where rent is highest in the country. But instead, perhaps to Adelaide, which shows some of the cheapest rent in Australia across the capital cities.
With the pandemic came a drop in demand for rentals from students and people moving to Australia. Corelogic estimates that about 56% of Australian units are in Sydney and Melbourne—major cosmopolitan hubs that attract young adults coming from abroad. With more available rental housing, and in units in particular, the rent prices were outperformed by sales.
Let’s dive into the capital cities and see which suburbs have the cheapest rent in 2-bedroom houses and units.
Cheapest rent in Sydney
- Lowest median rent for houses: Blackett ($360/week)
- Lowest median rent for units: Willmot ($360/week)
Cheapest Rent in Melbourne
- Lowest median rent for houses: Melton ($330/week)
- Lowest median rent for units: Albion ($360/week)
Cheapest rent in Brisbane
- Lowest median rent for houses: Toogoolawah ($300/week)
- Lowest median rent for units: Raceview ($340/week)
Cheapest rent in Adelaide
- Lowest median rent for houses: Elizabeth North ($280/week)
- Lowest median rent for units: Salisbury ($330/week)
Cheapest rent in Perth
- Lowest median rent for houses: Medina ($375/week)
- Lowest median rent for units: Orelia ($375/week)
Cheapest rent in Hobart
- Lowest median rent for houses: Primrose Sands ($400/week)
- Lowest median rent for units: Brighton ($395/week)
Cheapest rent in Darwin
- Lowest median rent for houses: Moulden ($520/week)
- Lowest median rent for units: Fannie Bay ($389/week)
Cheapest rent in Canberra
- Lowest median rent for houses: Charnwood ($550/week)
- Lowest median rent for units: Curtin ($570/week)
So it looks like Salisbury SA takes the winning spot for the cheapest rent in Australia. Click here to check out more listings in the suburb.
Want to find more cheap rentals in Australia?
Where you’ll find the cheapest rent in Australia varies over time. Read up on articles like the Top Websites for Home Buyers to keep up to date on suburb trends. And before that, you can learn how to use property research tools.
60% of our users find a home faster when they download our app. Are you going to be one of them?
