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Cheapest suburbs to rent and highest rental yields, for Melbourne and each regional area.

Melbourne

Cheapest suburbs to rent a 2-bedroom unit in Melbourne
Cheapest suburbs to rent a 3-bedroom house in Melbourne
Highest rental yield for units in Melbourne
Highest rental yield for houses in Melbourne

Geelong

Cheapest suburbs to rent a 2-bedroom unit in Geelong
Cheapest suburbs to rent a 3-bedroom house in Geelong
Highest rental yield for units in Geelong
Highest rental yield for houses in Geelong

Ballarat

Cheapest suburbs to rent a 2-bedroom unit in Ballarat
Cheapest suburbs to rent a 3-bedroom house in Ballarat
Highest rental yield for houses in Ballarat

Other regional Victoria

Cheapest suburbs to rent a 2-bedroom unit in Other regional Victoria
Cheapest suburbs to rent a 3-bedroom house in Other regional Victoria
Highest rental yield for units in Other regional Victoria
Highest rental yield for houses in Other regional Victoria

Rents are medians for new leases, from the Victorian Department of Families, Fairness and Housing Rental Report. Sale prices are quarterly medians from the Valuer-General Victoria Victorian Property Sales Report. Both are published under a Creative Commons Attribution licence.

Where a suburb sits inside a group in the rent data (such as Carlton-Parkville), it shows the group's rent. Medians based on very few leases or sales can swing a lot, so treat them as a rough guide. This site is general information, not financial or property advice.

Suburb outlines are from Vicmap Admin locality polygons, © State of Victoria (Department of Transport and Planning), CC BY 3.0 Australia, simplified for display.

Rents run to the year ending Sep 2025. Sale prices run to the Mar 2026 quarter. Data prepared 2026-10-15.

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