Calling all renters! Are you on the hunt for a fabulous set of 1 bedroom apartments for rent in Melbourne for cheap? Well, hold on tight, because we’re about to take you on a wild adventure through the rental wonderland of Melbourne, where affordable apartments are waiting to be discovered!
Ah, Melbourne, the city of coffee aficionados, trendy laneways, and a thriving arts scene. But let’s be real, this city is also known for its soaring rent prices that can sometimes make your heart skip a beat. We’re here to list our top picks of actually affordable Melbourne units for rent.
Now, let’s talk apartments! Melbourne, despite being one of the most liveable cities in the world, has surprisingly affordable rent.
But that doesn’t make them any easier to secure! Prepare to compete against many applicants when applying for a rental.
But the good news is, whether you dream of sipping your morning coffee on a balcony overlooking the CBD or you prefer a snug apartment nestled in the heart of the artsy suburbs, there’s a 1 bedroom apartment just waiting to be your new home. Let’s uncover a few of them!
Need more rental properties? Check out our round up of the cheapest apartments for rent in Melbourne CBD.
Under $350 – 1 bedroom apartments for rent Melbourne for cheap
$280 – 6/34 Geelong Road, Footscray, VIC, 3011, Australia
Median rent in Footscray VIC: $400
Welcome to the vibrant suburb of Footscray, where this charming one bedroom unit awaits you. Situated in close proximity to Footscray University and the beautiful Footscray Park, this location offers convenience and natural beauty.
Step inside this delightful unit and be greeted by a light-filled lounge room, providing a cozy space to relax and unwind. The brand new kitchen is a highlight, offering a modern touch to your culinary adventures. The unit also features an electric cooktop and laundry for your convenience. Stay cozy during the cooler months with the electric wall heater. Plus, you’ll have the convenience of one car space.
Embrace the opportunity to live in this well-appointed unit, just moments away from Footscray University and the serene Footscray Park. Enjoy the best of both worlds, where education and nature seamlessly intertwine.
Discover more cheap apartments for rent in Footscray VIC.
$320 – 5/79 Droop Street, Footscray, VIC, 3011, Australia
Median rent in Footscray VIC: $400
Step into comfort with this one-bedroom apartment, nestled within a small block of only 6 units. Footscray is one of the cheapest suburbs to rent in Melbourne so remember to add it to your interested areas!
Prepare to be impressed by the polished floorboards that grace this charming abode. The stylish large modern kitchen is a true gem, inviting you to whip up culinary delights. The open plan living area provides a versatile space for relaxation and entertainment. Stay cozy year-round with the heating system.
Retreat to the bedroom, complete with built-in robes offering ample storage. The central bathroom conveniently includes washing machine taps. You’ll also have the convenience of a designated car space for one vehicle.
Discover the perfect blend of convenience and tranquility as you take a leisurely stroll to the local Victoria University, the picturesque Botanical Gardens, Barkly Street shops, and the bustling Footscray Train Station. Embrace a lifestyle that combines education, nature, and easy access to transportation.
Discover more cheap apartments for rent in Footscray VIC.
$330 – 3/6-8 Charlotte Street, Collingwood, VIC, 3066, Australia
Median rent in Collingwood VIC: $500
Welcome to the vibrant suburb of Collingwood, VIC! Don’t miss out on the opportunity to inspect this charming one-bedroom apartment situated on the 2nd floor of a quiet apartment block. As you step inside, you’ll be greeted by a light and breezy atmosphere, creating a welcoming feel throughout.
The apartment boasts a spacious lounge, perfect for relaxing and unwinding after a long day. The separate kitchen offers gas cooking and ample cupboard space, catering to your culinary needs. Rest easy in the large bedroom, complete with built-in robes for convenient storage. The bathroom includes facilities for a washing machine, adding to the practicality of the apartment. You’ll also enjoy the added benefit of undercover parking for one car.
This apartment truly has it all, combining comfort, convenience, and a peaceful location.
Discover more cheap apartments for rent in Collingwood VIC.
$330 – 1028/572 St Kilda Road, Melbourne, VIC, 3004, Australia
Median rent in St Kilda VIC: $425
While this one bedder is more of a studio, we couldn’t help but feature it. Prepare to be captivated by this beautiful studio apartment offering stunning views of the iconic St Kilda Bay.
Located on the 10th floor of the Seasons Heritage complex, behind the picturesque Warwillah Mansion facade on leafy St Kilda Road, this apartment is a true inner-city haven.
Step inside and discover the freshly renovated space, featuring new paint, premium carpets, and double roller blinds.
As a resident, you’ll have access to amenities such as a gymnasium and 24-hour concierge services. Additionally, the option to rent or use a secure covered car space on the lower levels of the apartment block provides convenience and peace of mind.
This studio is the perfect retreat for those seeking an affordable yet luxurious city escape, complete with the rare bonus of an ocean view.
Discover more cheap apartments for rent in St Kilda VIC.
Under $400 – 1 bedroom apartments for rent Melbourne for cheap
$350 – 307 A/8 Exploration Lane, Melbourne, VIC, 3000, Australia
Median rent in Melbourne VIC: $665
This unfurnished apartment offers the perfect location for those seeking the best of Melbourne living. The open plan living area creates a seamless flow, perfect for entertaining or simply unwinding after a long day.
Gas, including gas cooking and hot water, is included in the rent, offering additional convenience. Enjoy peace of mind with security intercom and the readiness for NBN connection. The apartment also comes with a bar fridge and washing machine, making your daily routines a breeze.
As a resident, you’ll have access to a range of amenities, including secure entry and an onsite building manager. Take advantage of the full gym, pool, spa, and sauna, providing the perfect way to relax and stay active. Bin/recycle chutes on every level ensure hassle-free waste disposal.
Located in the prestigious Paris end of Melbourne, you’ll find yourself in close proximity to QV, Melbourne Central, The Princess Theatre, and a plethora of boutique cafes and restaurants. Embrace the vibrant lifestyle and indulge in the finest offerings of Melbourne right at your doorstep.
Discover more cheap apartments for rent in Melbourne VIC.
$350 – 310/80 Speakmen Street, Kensington, VIC, 3031, Australia
Median rent in Kensington VIC: $420
Welcome to the contemporary and cutting-edge world of apartment living! Nestled on the third floor of a stylish complex, this spacious one bedroom apartment offers breathtaking views of the CBD, Parklands, and the majestic Maribyrnong River. Kensington is one of the cheapest places to live in Melbourne on our list.
Step inside and be greeted by open plan living at its finest, with dining and living areas seamlessly flowing onto a generous-sized balcony. The well-appointed kitchen, complete with stainless steel appliances and a dishwasher, is ready to cater to your culinary adventures.
As a resident, you’ll enjoy the bonus features of the building, including secured entry and parking, access to the gymnasium facilities, and even a cinema room for those cozy movie nights. Plus, with acres of green parkland and tennis courts at your doorstep, you’ll have plenty of opportunities to embrace an active and outdoor lifestyle.
Convenience is at your fingertips with public transport, cafes, bars, and restaurants just moments away. Explore the vibrant local scene, indulge in delectable dining experiences, and soak up the vibrant atmosphere of this thriving neighborhood.
Discover more cheap apartments for rent in Kensington VIC.
$350 – 10/93 St Leonards Road, Ascot Vale, VIC, 3032, Australia
Median rent in Kensington VIC: $420
Welcome to the highly sought-after locale of Union Rd, where this stylish apartment awaits, offering the perfect blend of natural light and urban convenience. Out of this list of 1 bedroom apartments for rent in Melbourne for cheap, this is our favourite.
The bedroom is a serene retreat, featuring sliding glass doors that open up to a delightful north-facing balcony, seamlessly connecting indoor and outdoor living. With built-in-robes and a beautifully renovated ensuite bathroom, comfort and style are at the forefront. The living and dining area is cozy yet airy, thanks to the abundant natural light streaming through the broad windows.
You’ll love the proximity to the vibrant shopping strip and trendy cafes, making daily errands a breeze. Trams and trains provide easy access to all that Melbourne has to offer, ensuring you never miss out on the city’s delights.
Discover more cheap apartments for rent in Ascot Vale VIC.
More on cheap apartments for rent in Melbourne
How much does a one bedroom apartment cost in Melbourne Australia?
The median rent per week for a one-bedroom apartment in Melbourne is $400 per week. However, rent prices can vary depending on the location, size, and condition of the property.
How much is an apartment in Melbourne per month?
The median rent for an apartment in Melbourne is $1,604 per month. However, rent prices can vary depending on the location, size, and condition of the property.
How much does it cost to rent an apartment in Melbourne Australia?
The cost of renting an apartment in Melbourne varies depending on the size, location, and condition of the property. However, the median rent for a one-bedroom apartment is $400 per week, or $1,604 per month.
Is it hard to rent an apartment in Melbourne?
It can be difficult to rent an apartment in Melbourne, especially in the city center. The rental market is competitive, and there are often more applicants than available properties.
To increase your chances of finding an apartment, it is important to start your property search early and to be prepared to act quickly when you find a property that you like. Add the cheapest suburbs in Melbourne to your interested areas in your Soho profile to get updates.
It can also help to know the best month to rent a home in Melbourne and that’s often between April and June.
Here are some additional tips for finding an apartment in Melbourne:
- Start your search early.
- Be prepared to act quickly.
- Have your financial information ready.
- Be flexible with your move-in date.
- Consider renting a room in a shared house.
- Look for properties that are being rented by the owner, rather than through a real estate agent.
