Port Melbourne
The median rent for a 2-bedroom unit in Port Melbourne is $745 a week for leases that started in the year to September 2025, up 7.2% on a year earlier. That is 35% above the typical 2-bedroom unit rent across Melbourne ($550). The median sale price in the Mar 2026 quarter was $1,585,000 for a house and $729,000 for a unit. A year of rent for that home is about 5.2% of its median sale price (gross rental yield).
Median rent in Port Melbourne
| Home | Rent a week | Change over a year | New leases |
|---|---|---|---|
| 1-bedroom unit | $550 | +4.8% | 218 |
| 2-bedroom unit | $745 | +7.2% | 370 |
| 3-bedroom unit | $1,175 | +2.2% | 111 |
| 2-bedroom house | $740 | +2.1% | 91 |
| 3-bedroom house | $980 | 0.0% | 140 |
| 4-bedroom house | $1,125 | -10.0% | 54 |
* Based on fewer than 20 new leases in the year, so it can swing a lot.
Median sale price
| Type | Median price | Period |
|---|---|---|
| House | $1,585,000 | Mar 2026 quarter |
| Unit | $729,000 | Mar 2026 quarter |
† Fewer than 10 sales. ‡ No sales that quarter, so an earlier figure is shown.
Suburbs with similar rent
- Fitzroy $750 a week
- Melbourne $735 a week
- Docklands $763 a week
- Southbank $720 a week
- Burnley $700 a week
- Richmond $700 a week