Malvern
The median rent for a 2-bedroom unit in Malvern is $600 a week for leases that started in the year to September 2025, up 4.3% on a year earlier. That is 9% above the typical 2-bedroom unit rent across Melbourne ($550). The median sale price in the Mar 2026 quarter was $3,500,000 for a house and $690,000 for a unit. A year of rent for that home is about 4.5% of its median sale price (gross rental yield).
Median rent in Malvern
| Home | Rent a week | Change over a year | New leases |
|---|---|---|---|
| 1-bedroom unit | $450 | +2.3% | 101 |
| 2-bedroom unit | $600 | +4.3% | 150 |
| 3-bedroom unit | $908 | +20.3% | 42 |
| 2-bedroom house | $790* | -0.6% | 17 |
| 3-bedroom house | $1,000 | -4.8% | 49 |
| 4-bedroom house | $1,400 | -0.2% | 23 |
* Based on fewer than 20 new leases in the year, so it can swing a lot.
Median sale price
| Type | Median price | Period |
|---|---|---|
| House | $3,500,000 | Mar 2026 quarter |
| Unit | $690,000 | Mar 2026 quarter |
† Fewer than 10 sales. ‡ No sales that quarter, so an earlier figure is shown.
Suburbs with similar rent
- Brunswick $600 a week
- Camberwell $600 a week
- Carlton North $600 a week
- Elsternwick $600 a week
- Glen Iris $600 a week
- Hawthorn $600 a week