What each type of home costs
| Home | Median rent | On $60k | On $80k | On $100k | Salary for rent under 30% of pay |
|---|---|---|---|---|---|
| All homes | $630 | 65% | 51% | 42% | $110,000 |
| 1-bedroom unit | $435 | 45% | 35% | 29% | $76,000 |
| 2-bedroom unit | $550 | 57% | 45% | 37% | $96,000 |
| 3-bedroom house | $620 | 64% | 51% | 42% | $108,000 |
A common guide is that rent above 30% of your gross income is "rental stress". In Knox, keeping the median rent under that line takes a salary of about $110,000, or a combined household income of that much if you rent with someone.
Nearby areas in Greater Melbourne
| Area | Median rent | On $80k |
|---|---|---|
| Yarra Ranges | $620 | 51% |
| Glen Eira | $640 | 52% |
| Kingston | $620 | 51% |
| Boroondara | $650 | 53% |
| Whitehorse | $650 | 53% |
| Mornington Penin'a | $650 | 53% |
| Port Phillip | $650 | 53% |
| Stonnington | $650 | 53% |
| Nillumbik | $600 | 49% |
| Yarra | $660 | 54% |
Cheaper nearby: Yarra Ranges ($620), Kingston ($620), Nillumbik ($600).
Based on 531 new leases in Knox in the June quarter 2026.
See your full take-home pay with the pay calculator, or compare rents across Victoria and NSW.
Rent data: Homes Victoria, Rental Report: quarterly median rents by local government area (June quarter 2026), CC BY 4.0 (DataVic), Homes Victoria (source). Median weekly rent for new leases. Take-home pay is our calculation with the ATO's 2026–27 withholding formulas.