What each type of home costs
| Home | Median rent | On $60k | On $80k | On $100k | Salary for rent under 30% of pay |
|---|---|---|---|---|---|
| All homes | $680 | 70% | 55% | 46% | $118,000 |
| 1-bedroom unit | $580 | 60% | 47% | 39% | $101,000 |
| 2-bedroom unit | $735 | 76% | 60% | 49% | $128,000 |
| 3-bedroom house | $900 | 93% | 73% | 60% | $156,000 |
A common guide is that rent above 30% of your gross income is "rental stress". In Melbourne, keeping the median rent under that line takes a salary of about $118,000, or a combined household income of that much if you rent with someone.
Nearby areas in Greater Melbourne
| Area | Median rent | On $80k |
|---|---|---|
| Monash | $670 | 55% |
| Yarra | $660 | 54% |
| Manningham | $700 | 57% |
| Boroondara | $650 | 53% |
| Whitehorse | $650 | 53% |
| Mornington Penin'a | $650 | 53% |
| Port Phillip | $650 | 53% |
| Stonnington | $650 | 53% |
| Glen Eira | $640 | 52% |
| Knox | $630 | 51% |
Cheaper nearby: Monash ($670), Yarra ($660), Boroondara ($650).
Based on 4,948 new leases in Melbourne 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.