25 Apr 2025 20 Cheapest Suburbs to Rent in Melbourne Right Now
Looking for the cheapest suburbs to rent in Melbourne has become a top priority for many renters facing the squeeze of rising living costs. Melbourne remains an appealing city for renters—from students and young professionals to families and downsizers—thanks to its mix of lifestyle, work opportunities, and diverse housing options.
Affordable rent means more room in the budget for essentials, saving, or even planning for a future home.
If you’re considering making one of these areas your long-term base, our experienced Melbourne mortgage brokers at EverLend can guide you through your home loan options with tailored advice and smarter lending strategies. Working with a broker makes it easier to understand your financial position and explore what’s truly possible for homeownership.
Let’s dive into the top 20 Melbourne suburbs where affordable renting is still within reach.
20 Melbourne Suburbs with Affordable Rent
1. Werribee
Werribee combines affordable rents with city access via the Werribee Line, making it perfect for commuters and families alike. It’s home to the Werribee Open Range Zoo, Victoria University campus, and lush riverfront parks, offering plenty of outdoor and lifestyle appeal. Ideal for families, students, and first-time renters looking for space, convenience, and community at a reasonable weekly rent.
- Median Weekly Rent: $390
- Vacancy Rate: 1.4%
2. Melton
Melton is located on Melbourne’s western fringe and offers large family homes at some of the city’s most affordable rent prices. Known for its active community events, local sports clubs, and growing retail hubs, it has a strong family-friendly vibe. It’s ideal for renters seeking more space, outdoor areas, and a quieter suburban lifestyle without straying too far from the urban centre.
- Median Weekly Rent: $370
- Vacancy Rate: 1.8%
3. Wyndham Vale
Wyndham Vale is a family favourite thanks to its abundance of parks, reputable schools, and a train station that connects directly to the Central Business District. Located near Werribee, it offers the perks of a connected suburb but with quieter streets and plenty of modern amenities. It’s ideal for families, young couples, and first-time renters looking for newer homes, community charm, and affordable housing options in a growing area.
- Median Weekly Rent: $400
- Vacancy Rate: 1.6%
4. Point Cook
Point Cook is a well-designed, masterplanned community with wide streets, a range of public and private schools, and several shopping hubs for daily convenience. It’s known for lifestyle highlights like Sanctuary Lakes Golf Club, Saltwater Reserve, and extensive walking trails. Ideal for families and professionals wanting a balanced lifestyle, it offers great value for those seeking affordable rent with access to modern amenities, open space, and a community vibe.
- Median Weekly Rent: $420
- Vacancy Rate: 1.2%
5. Hoppers Crossing
Hoppers Crossing sits between Werribee and Point Cook and is packed with shopping centres, public schools, and easy access to train stations and buses. It offers a great mix of older homes with larger blocks and newer townhouses, giving renters plenty of property types to choose from. Ideal for families, students, and budget-conscious tenants, it’s a popular choice for those wanting strong public transport links and good local amenities without the high price tag.
- Median Weekly Rent: $395
- Vacancy Rate: 1.5%
6. Craigieburn
Craigieburn is a fast-growing northern suburb with new housing estates, large shopping precincts, and express trains connecting directly to the city. It offers a good mix of detached homes and affordable units, with lots of parks and recreational spaces for active lifestyles. Ideal for families, young professionals, and migrants, Craigieburn appeals to renters who value space, community, and an affordable entry into the Melbourne rental market.
- Median Weekly Rent: $410
- Vacancy Rate: 1.7%
7. Cranbourne
Cranbourne delivers excellent value with a mix of affordable housing options, access to multiple schools, and major shopping centres like Cranbourne Park and Bunnings nearby. It’s well-connected to the Metro train network, making commutes to the Central Business District straightforward. Ideal for young families, couples, and first-time renters, it offers a liveable suburb vibe with everything you need close by, all within a manageable weekly rent range.
- Median Weekly Rent: $430
- Vacancy Rate: 1.4%
8. Officer
Officer is booming with new builds, making it a top pick for renters chasing extra space, modern amenities, and affordable prices. It’s close to Cardinia Road Station, several primary schools, and nature spots like Pakenham Lakeside Park, offering a relaxed yet connected lifestyle. Ideal for families, young couples, and remote workers, Officer suits those looking for affordable housing in a newer suburb with strong investment potential and a peaceful, community-driven atmosphere.
- Median Weekly Rent: $435
- Vacancy Rate: 1.6%
9. Thomastown
Thomastown is a multicultural hotspot with excellent access to Thomastown Station, Sydney Road, and multiple public transport options that make getting around a breeze. It offers a mix of affordable units, older-style brick homes, and family-friendly streets, making it a great place for renters on a budget. Ideal for students, working professionals, and larger families, Thomastown appeals to those looking for a quiet suburb with strong community ties and easy links to the city.
- Median Weekly Rent: $420
- Vacancy Rate: 1.9%
Chat with Mortgage Brokers at EverLend
Thinking about settling down in one of Melbourne’s most affordable suburbs? Let the experienced mortgage brokers at EverLend guide you through your home loan options with expert advice and local know-how. Chat with the team today at www.everlend.com.au or give them a call on 03 7036 3356.
10. Travancore
Travancore offers inner-city living without the steep rental prices of neighbouring expensive suburbs like North Melbourne or Carlton. It’s close to Flemington Racecourse, Victoria University, and just a short trip to the Central Business District, making it a convenient hub for study, work, and leisure. Ideal for students, young professionals, and city commuters, Travancore is perfect for renters who want to stay close to the action while enjoying affordable rental prices and top-tier public transport access.
- Median Weekly Rent: $460
- Vacancy Rate: 2.2%
11. Coburg North
Coburg North is a northern gem that delivers more space and cheaper rent than nearby suburbs like Brunswick and Northcote, while still keeping the inner-north lifestyle vibe. With easy access to Sydney Road, tram lines, and green spots like Edwardes Lake Park, it blends urban convenience with a relaxed feel. Ideal for young couples, students, and creatives, Coburg North is perfect for renters chasing affordable prices, decent commute times, and a strong sense of community.
- Median Weekly Rent: $470
- Vacancy Rate: 1.6%
12. Gardenvale
Gardenvale is a quiet, hidden gem nestled between Brighton and Elsternwick, offering the charm of the east without the hefty rent price tag. With Gardenvale Station providing fast access to the city and peaceful tree-lined streets, it feels like a private retreat in the middle of suburbia. Ideal for singles, downsizers, and couples, it’s perfect for renters who want a liveable suburb with a tight-knit community and convenient transport links.
- Median Weekly Rent: $460
- Vacancy Rate: 1.4%
13. West Footscray
West Footscray is a vibrant inner-west suburb that blends affordable units with a lively arts and food scene, making it a favourite among creatives, young couples, and students. It’s well-connected by train stations, serviced by a strong bus network, and close to local public schools and shopping spots. Ideal for renters who value culture, diversity, and urban convenience without the high price tag, West Footscray offers an attractive option with real community spirit.
- Median Weekly Rent: $470
- Vacancy Rate: 1.3%
14. Kingsville
Kingsville may be small in size, but it punches above its weight with a family friendly, community-focused atmosphere and surprisingly affordable rent. Its location offers easy access to Yarraville Village, West Footscray, and major roads, making it a breeze to get around. Ideal for young families, downsizers, and couples, Kingsville is perfect for renters wanting a quiet suburb with charm, local amenities, and a genuine sense of belonging.
- Median Weekly Rent: $450
- Vacancy Rate: 1.5%
15. Brunswick West
Brunswick West sits quietly beside the buzz of Brunswick, offering the same city convenience with a calmer pace and lower rental prices. With easy access to tram routes, local cafes, and leafy parks like Dunstan Reserve, it blends urban living with a relaxed, suburban feel. Ideal for students, singles, and young professionals, it’s perfect for renters who want to stay close to the action without paying a premium.
- Median Weekly Rent: $480
- Vacancy Rate: 1.8%
16. Fitzroy North
Fitzroy North blends inner-city edge with the comfort of a liveable suburb, offering the best of both worlds. With its leafy streets, dedicated bike lanes, and excellent tram and bus networks, it’s a go-to for renters wanting lifestyle, location, and connectivity. Ideal for young professionals, creatives, and eco-conscious commuters, Fitzroy North is perfect for those seeking a desirable suburb that’s walkable, well-connected, and still relatively affordable.
- Median Weekly Rent: $495
- Vacancy Rate: 2.1%
17. Mitcham
Mitcham delivers solid value in East Melbourne, offering more space and peace compared to nearby expensive suburbs. With excellent public transport options, abundant green spaces like Halliday Park, and a quiet suburb reputation, it strikes a great balance between convenience and calm. Ideal for families, retirees, and remote workers, Mitcham suits renters who prioritise affordability, nature, and a slower suburban pace—without being disconnected from the city.
- Median Weekly Rent: $450
- Vacancy Rate: 1.7%
18. Broadmeadows
Broadmeadows is a practical and budget-friendly suburb in Melbourne’s north, offering strong transport links, major shopping centres, and close proximity to Tullamarine Airport. It’s well-serviced by train stations and buses, with access to schools and employment hubs like the Broadmeadows Central precinct. Ideal for students, airport workers, and families watching their expenses, Broadmeadows appeals to renters who want affordable prices and all the essentials within easy reach.
- Median Weekly Rent: $400
- Vacancy Rate: 1.9%
19. Meadow Heights
Meadow Heights is one of the lowest priced suburbs for rent in Melbourne’s north, making it an excellent choice for renters seeking affordability without sacrificing space. It offers generous family homes, access to essential amenities, local public schools, and a solid bus network for daily commuting. Ideal for large families, new migrants, and budget-conscious renters, Meadow Heights delivers value, convenience, and a welcoming community feel in one of the most affordable suburbs around.
- Median Weekly Rent: $385
- Vacancy Rate: 2.0%
20. Albanvale
Albanvale is affordable, family-oriented, and often flies under the radar despite offering great rental value in Melbourne’s west. With easy access to Deer Park Station, local shopping strips, and several public schools, it’s a solid pick for renters looking for stability and convenience. Ideal for families, long-term renters, and first-time tenants, Albanvale provides a relaxed lifestyle and strong sense of community at a price point that’s hard to beat.
- Median Weekly Rent: $405
- Vacancy Rate: 1.6%
Sources: Realestate.com.au, SQM Research, Domain, CoreLogic. Note that the market value tends to fluctuate, so it’s always best to consult with your real estate agent for the latest prices.
Chat with Mortgage Brokers at EverLend
Ready to turn your rental into something more permanent? The expert mortgage brokers at EverLend can help you find the right home loan tailored to your goals and budget—whether you’re staying a renter or planning to buy in Melbourne. Visit www.everlend.com.au or call 03 7036 3356 to get started today.
Frequently Asked Questions (FAQs)
What is the cheapest suburb to stay in Melbourne?
Melton and Meadow Heights consistently offer the lowest price in terms of median rent for a rental property, especially in the outer suburbs where the cost of living is lower. These areas provide a wide price range and are ideal for those prioritising rental affordability over proximity to the CBD.
What is the cheapest area to live in Melbourne?
The western corridor—including Werribee, Albanvale, and Hoppers Crossing—features some of the most affordable options in terms of median house price and median unit price. These suburbs also attract renters due to their low initial costs, good job opportunities, and reliable public transport.
What are the most undervalued suburbs in Melbourne?
Suburbs like Craigieburn, Officer, and Coburg North are often considered undervalued due to their rising rental demand, steady property prices, and strong lifestyle factors. These areas are growing rapidly and may offer good investment strategy potential for buyers entering the real estate market.
What are the 5 most liveable suburbs in Melbourne?
Based on lifestyle factors, transport, and access to amenities, Fitzroy North, Brunswick West, Point Cook, Travancore, and Mitcham are often ranked as liveable suburbs. They provide a balance between convenience and value, with strong communities, decent median prices, and varied property types.
What is the cheapest suburb within 10km of Melbourne CBD?
Travancore, Coburg North, and West Footscray are great choices close to the city, offering affordable options for renters and buyers seeking lower mortgage repayments and manageable Upfront costs. Despite being in city suburbs, they still maintain a reasonable median rent and median unit price.
What are the types of home loans available for homebuyers in Melbourne?
Melbourne buyers can choose from various home loan types including fixed-rate, variable-rate, and interest-only loans, each suited to different financial goals and mortgage repayments needs. Lenders typically assess proof of income, credit history, and the buyer’s ability to manage initial costs before approving loans.
Conclusion
If you’ve been eyeing the cheapest suburbs to rent in Melbourne or thinking about making the move from renter to homeowner in 2025, you’re not alone. There are still plenty of great options out there—you just need the right support to figure out what fits your lifestyle and budget.
Based in St Kilda and helping people across Melbourne, our expert mortgage brokers at EverLend offer friendly, no-pressure advice and help you understand your home loan options with a free consultation. Visit www.everlend.com.au or give us a call on 03 7036 3356, we’re here when you’re ready to take the next step.