Cheapest suburbs to rent a 2-bedroom unit in Geelong
The 13 lowest median rents for a 2-bedroom unit in Geelong, from the Victorian Government rental data (year to September 2025). Rent is the median for new leases, and suburbs inside a rent-data group share the group's figure.
| # | Suburb | Rent a week | Change over a year | Median unit price | Gross yield |
|---|---|---|---|---|---|
| 1 | Corio | $380 | +4.1% | $470,000 | 4.9% |
| 2 | Geelong West | $410 | +2.5% | $621,600 | 4.3% |
| 3 | Herne Hill | $410 | +2.5% | $430,000 | 5.4% |
| 4 | Lara | $415 | +5.1% | $560,000 | 4.2% |
| 5 | North Geelong | $420 | 0.0% | $500,000 | 4.1% |
| 6 | Belmont | $430 | +2.4% | $545,000 | 4.0% |
| 7 | Grovedale | $430 | +2.4% | $558,800 | 4.2% |
| 8 | Newtown (Greater Geelong) | $440 | +4.0% | $610,000 | 3.5% |
| 9 | Geelong | $460 | -2.1% | $663,500 | 4.2% |
| 10 | Newcomb | $460 | -2.1% | $520,000 | 5.5% |
| 11 | Barwon Heads | $468 | +4.0% | $1,206,000 | 2.5% |
| 12 | Ocean Grove | $468 | +4.0% | $840,000 | 3.2% |
| 13 | Torquay | $500 | +2.5% | $837,000 | 3.4% |