East Melbourne
The median rent for a 2-bedroom unit in East Melbourne is $690 a week for leases that started in the year to September 2025, up 6.2% on a year earlier. That is 25% above the typical 2-bedroom unit rent across Melbourne ($550). The median sale price in the Mar 2026 quarter was $3,176,300 for a house and $640,000 for a unit. A year of rent for that home is about 4.9% of its median sale price (gross rental yield).
Median rent in East Melbourne
| Home | Rent a week | Change over a year | New leases |
|---|---|---|---|
| 1-bedroom unit | $520 | +4.0% | 165 |
| 2-bedroom unit | $690 | +6.2% | 177 |
| 3-bedroom unit | $1,175 | +11.9% | 36 |
| 2-bedroom house | $875* | none | 18 |
| 3-bedroom house | $1,100* | -10.6% | 17 |
| 4-bedroom house | $1,125* | none | 10 |
* Based on fewer than 20 new leases in the year, so it can swing a lot.
Median sale price
| Type | Median price | Period |
|---|---|---|
| House | $3,176,300 † | Mar 2026 quarter |
| Unit | $640,000 | Mar 2026 quarter |
† Fewer than 10 sales. ‡ No sales that quarter, so an earlier figure is shown.
Suburbs with similar rent
- Clifton Hill $690 a week
- Fitzroy North $690 a week
- Abbotsford $695 a week
- Collingwood $695 a week
- Brighton $680 a week
- Burnley $700 a week