Mount Eliza
The median rent for a 2-bedroom unit in Mount Eliza is $535 a week for leases that started in the year to September 2025, up 4.9% on a year earlier. That is 3% below the typical 2-bedroom unit rent across Melbourne ($550). The median sale price in the Mar 2026 quarter was $1,610,500 for a house and $810,000 for a unit. A year of rent for that home is about 3.4% of its median sale price (gross rental yield). The rent data covers Mt Eliza-Mornington-Mt Martha as one area, so these rent figures are shared by Mornington, Mount Eliza, Mount Martha.
Median rent in Mount Eliza
| Home | Rent a week | Change over a year | New leases |
|---|---|---|---|
| 1-bedroom unit | $390* | -2.5% | 14 |
| 2-bedroom unit | $535 | +4.9% | 173 |
| 3-bedroom unit | $650 | +4.5% | 94 |
| 2-bedroom house | $533 | -6.5% | 28 |
| 3-bedroom house | $675 | +2.1% | 304 |
| 4-bedroom house | $895 | -0.6% | 243 |
* Based on fewer than 20 new leases in the year, so it can swing a lot.
Median sale price
| Type | Median price | Period |
|---|---|---|
| House | $1,610,500 | Mar 2026 quarter |
| Unit | $810,000 | Mar 2026 quarter |
† Fewer than 10 sales. ‡ No sales that quarter, so an earlier figure is shown.
Suburbs with similar rent
- Heidelberg $530 a week
- Heidelberg West $530 a week
- Mount Waverley $540 a week
- Rowville $530 a week
- Aspendale $545 a week
- Carrum $545 a week