15 Cheapest Suburbs to Rent in Melbourne: Affordable Living Starts Here

Finding the cheapest suburbs to rent in Melbourne can feel overwhelming, especially with rising rental prices. Melbourne is one of Australia’s most liveable cities, with vibrant communities, great transport, and job opportunities that make it an ideal place for students, professionals, and families seeking affordable housing.

For newcomers, renting is typically a first option to explore different suburbs, experience the local lifestyle, and decide where to settle long-term later on. 

If you choose to buy a home in Melbourne, working with a mortgage broker like LM Connect can be advantageous. Our brokers provide expert advice, compare loan options from multiple lenders, and help you find the best financing solution based on your budget and needs.

Below, we break down the 15 most affordable suburbs, helping you find a rental that suits your budget and lifestyle.

15 Cheapest Suburbs to Rent in Melbourne

With rental prices climbing, finding an affordable place to live is more important than ever. Here are 15 suburbs in Melbourne where you can rent a home without stretching your budget.

#1  Melton – The Most Affordable Suburb in Melbourne

Melton is one of Melbourne’s most affordable suburbs, offering spacious homes, schools, and parks in a growing community. Located 35km west of the CBD, it has strong transport links and plenty of amenities, making it a great choice for families and renters on a budget.

• Median rent: $380 per week (houses), $330 per week (units)
• Distance to CBD: 35km (V/Line train to Southern Cross)
• Why rent here? Affordable, growing infrastructure, new housing estates.

#2  Werribee – Budget-Friendly Suburb with Great Amenities

Werribee is a family-friendly suburb known for its parks, schools, and shopping options, including the popular Pacific Werribee Shopping Centre. With easy access to public transport and major freeways, it’s a convenient and affordable place to rent while staying connected to Melbourne’s CBD.

• Median rent: $420 per week (houses), $380 per week (units)
• Why rent here? Strong community, great schools, and Pacific Werribee shopping centre.

#3  Kurunjang – Cheap Rental Prices in Melbourne’s West

Kurunjang offers a quiet, suburban lifestyle with plenty of parks, schools, and open spaces, making it ideal for families and renters seeking a relaxed environment. Located near Melton, it provides easy access to shopping centres, public transport, and major roads for commuting to the city.

• Median rent: $390 per week (houses)
• Why rent here? Quiet family suburb, large parks, and affordable prices.

#4  Brookfield – Affordable Family Living Close to Melton

Brookfield is a peaceful, family-friendly suburb with plenty of parks, schools, and walking trails, offering a relaxed lifestyle close to nature. Just minutes from Melton’s shopping and transport hubs, it provides convenient access to essential amenities while maintaining a quiet suburban feel.

• Median rent: $400 per week (houses)
• Why rent here? Close to Melton train station, family-friendly vibe.

#5  Harkness – Growing Suburb with Low Rent Prices

Harkness is a rapidly growing suburb with modern housing estates, schools, and parks, making it a great choice for families and professionals. With its proximity to Melton’s shopping centres and transport links, it offers both convenience and a relaxed suburban lifestyle.

• Median rent: $410 per week (houses)
• Why rent here? New estates, good schools, and great rental affordability.

#6  Weir Views – Affordable Rentals Near Melbourne’s West

Weir Views is a new and developing suburb that offers modern homes, green spaces, and easy access to shopping and schools. Located near Melton, it provides a quiet suburban lifestyle while staying well-connected to essential amenities and transport options.

• Median rent: $380 per week (houses)
• Why rent here? Affordable and close to Melton’s shopping district.

#7  Eynesbury – Hidden Gem with Budget-Friendly Rent

Eynesbury is a picturesque suburb surrounded by natural reserves, offering a peaceful lifestyle with a strong sense of community. With its heritage charm, open parklands, and local amenities, it’s an ideal spot for renters looking for space and tranquillity while staying connected to nearby urban centres.

• Median rent: $420 per week (houses)
• Why rent here? Tree-lined streets, modern amenities, and a vibrant community.

#8  Albanvale – Cheap Rent Close to the CBD

Albanvale is a well-connected suburb with easy access to shopping centres, schools, and public transport, making it a convenient choice for renters. Located near St Albans and Sunshine, it offers a mix of suburban living and city convenience with plenty of local amenities.

• Median rent: $430 per week (houses)
• Why rent here? Close to St Albans train station, near Sunshine shopping hub.

#9  Hoppers Crossing – One of Melbourne’s Cheapest Suburbs for Renters

Hoppers Crossing is a popular suburb for families and professionals, offering great schools, parks, and shopping options like Pacific Werribee. With strong transport links, including a train station and freeway access, it provides an easy commute to Melbourne’s CBD.

• Median rent: $450 per week (houses)
• Why rent here? Victoria University nearby, strong community atmosphere.

#10  Tarneit – Cheap Rent in a Fast-Growing Suburb

Tarneit is a rapidly expanding suburb with modern housing, shopping centres, and well-planned infrastructure, making it a great choice for renters. With its train station, bus networks, and freeway access, commuting to the city or nearby employment hubs is quick and convenient.

• Median rent: $480 per week (houses)
• Why rent here? Close to Wyndham Village Shopping Centre, new train station.

#11  Wyndham Vale – Affordable Homes for Renters

Wyndham Vale offers a family-friendly atmosphere with spacious parks, schools, and modern amenities, making it a great choice for renters. With a train station providing direct access to Melbourne’s CBD and growing infrastructure, it combines convenience with suburban charm.

• Median rent: $460 per week (houses)
• Why rent here? New masterplanned community, great for house hunters.

#12  Point Cook – Budget-Friendly Coastal Suburb

Point Cook is a coastal suburb known for its scenic parks, family-friendly communities, and modern shopping centres. With easy access to the freeway and public transport, it offers a balance of relaxed suburban living and city convenience.

• Median rent: $500 per week (houses)
• Why rent here? Coastal living, great shopping & schools.

#13  Pakenham – Cheapest Rental Suburb in Melbourne’s Southeast

Pakenham is a growing suburb in Melbourne’s southeast, offering a mix of modern housing, schools, and plenty of green spaces. With direct train access to the city and expanding local amenities, it’s an ideal choice for renters seeking both convenience and a relaxed lifestyle.

• Median rent: $450 per week (houses)
• Why rent here? Affordable homes, family-friendly with growing infrastructure.

#14  Craigieburn – Cheap Rent in Melbourne’s North

Craigieburn is a thriving northern suburb with excellent schools, shopping centres, and recreational facilities, making it a great option for families and professionals. With strong transport links, including a train station and major roads, commuting to the city or nearby employment hubs is easy.

• Median rent: $460 per week (houses)
• Why rent here? Good public transport, new estates, and shopping centres.

#15  Dallas – One of the Most Affordable Suburbs in Melbourne

Dallas is a well-established northern suburb offering a diverse community, local shopping centres, and plenty of schools. With its proximity to Broadmeadows and easy transport access, it provides renters with a convenient and affordable place to live.

• Median rent: $420 per week (houses)
• Why rent here? Close to Broadmeadows shopping centre, train station.

**Sources: CoreLogic, Domain, Realestate.com.au.  Note that the above median rent figures are an approximation of the current property market value that fluctuates over time. For real-time estimates, it’s always best to talk with your real estate agent.

How to Find Cheap Rental Homes in Melbourne

Finding an affordable rental in Melbourne can be challenging, but with the right approach, you can secure a home that fits your budget. Here are some key tips to help you find cheap rental homes in Melbourne:

1. Use Reliable Websites – Check Realestate.com.au, Domain, and local Facebook groups for the latest listings.
2. Act Fast – Rental properties in affordable suburbs go quickly, so submit applications as soon as possible.
3. Expand Your Search – Consider neighbouring suburbs that offer similar amenities but lower rent.
4. Check for Off-Market Listings – Some landlords list properties through local real estate agents before advertising online.
5. Be Prepared – Have your proof of income, references, and ID ready to speed up the application process.

If you're ready to buy a home after renting, the brokers at LM Connect can help you find the best home loan tailored to your budget and goals. Get in touch with our expert brokers today.

FAQs

What is the average weekly rent in Melbourne?

The weekly rent in Melbourne varies based on location and property type. As of late 2024, the median house rents are higher in city suburbs, while outer suburbs offer more affordable options.

Which suburbs have the best housing affordability?

Melbourne’s liveable suburbs with good housing affordability include Melton, Werribee, and Tarneit. These areas have lower median prices and a strong availability of amenities for renters.

What is the difference between median house price and median unit price?

The median house price refers to the middle price of all houses sold in a suburb, while the median unit price applies to apartments and townhouses. Generally, apartment blocks in city suburbs have lower entry costs than family homes in desirable suburbs.

How does Melbourne’s vacancy rate impact renters?

A low vacancy rate means fewer rental properties are available, making the rental market more competitive. Renters may need to act quickly when searching for properties in nearby suburbs of the CBD.

What are the most affordable property types to rent?

Units and townhouses generally have lower median unit prices than standalone family homes. Outer suburbs tend to offer a wider range of property types at more budget-friendly weekly rent rates.

How can property managers help with renting?

Property managers assist renters by handling applications, lease agreements, and maintenance requests. They ensure that tenants in real estate market transactions are provided with well-maintained homes and fair rental conditions.

What home loan options are available if I want to buy after renting?

First-home buyers can choose from fixed-rate, variable-rate, and low-deposit home loans. If you’re planning to buy after renting, brokers at LM Connect can help you explore the best loan options based on your financial situation.

Final Thoughts

Finding an affordable rental in Melbourne is possible, especially in the outer suburbs, where median house rents remain lower than in city suburbs. As the rental market continues to shift in 2025, exploring these liveable suburbs can help you find a home that fits your budget and lifestyle. 

If you decide to settle permanently in one of Melbourne’s suburbs, the brokers at LM Connect are here to guide you through the mortgage process and provide you with the loan options best for your financial goals. Contact them today at 0423 713 362 for a free consultation and take the next step toward homeownership with confidence!