Rent & Property Prices in Melbourne
The average price of rent for a one-bedroom apartment in Melbourne, Australia is $1,774. We track 6 items in this category — see the full breakdown below.
All prices in USD; switch currency above the table.
On this page 4 sections
| Section | Description |
|---|---|
| Rent & Property Prices in Melbourne: price table | 6 items with median prices and high–low ranges. |
| Compare to similar cities | Cities with comparable cost tier and region. |
| Other categories in Melbourne | Jump to housing, food, transport, utilities, and more. |
| Housing FAQs for Melbourne | Common questions about pricing, units, and refresh cadence. |
Rent & Property Prices in Melbourne
Apartment rent and property purchase price per square meter.
| Item | Median | Range (low–high) |
|---|---|---|
| 1 Bedroom Apartment in City Centre | $1,774 | $1,523 – $2,081 |
| 1 Bedroom Apartment Outside of City Centre | $1,340 | $1,009 – $1,595 |
| 3 Bedroom Apartment in City Centre | $3,437 | $2,900 – $4,351 |
| 3 Bedroom Apartment Outside of City Centre | $2,455 | $1,885 – $3,263 |
| Price per Square Meter to Buy Apartment in City Centre | $7,648 | $6,888 – $10,877 |
| Price per Square Meter to Buy Apartment Outside of Centre | $6,594 | $5,076 – $10,151 |
- 1 Bedroom Apartment in City Centre $1,774$1,523 – $2,081
- 1 Bedroom Apartment Outside of City Centre $1,340$1,009 – $1,595
- 3 Bedroom Apartment in City Centre $3,437$2,900 – $4,351
- 3 Bedroom Apartment Outside of City Centre $2,455$1,885 – $3,263
- Price per Square Meter to Buy Apartment in City Centre $7,648$6,888 – $10,877
- Price per Square Meter to Buy Apartment Outside of Centre $6,594$5,076 – $10,151
Other categories in Melbourne
Housing in Melbourne: FAQs
- How much does housing cost in Melbourne?
- The average price of rent for a one-bedroom apartment in Melbourne, Australia is around $1,774. See the table above for the full breakdown across 6 items.
- Are these housing prices in USD?
- Yes — every price on this page is normalized to US Dollars. Use the currency switcher above the table to convert to your local currency.
- How current is the housing data for Melbourne?
- Prices were last refreshed on May 11, 2026. We refresh from public price databases on a scheduled cadence.
- What's not included on this page?
- This page focuses on housing. For an end-to-end monthly budget — rent + food + utilities + transit — see the Melbourne main cost-of-living page.