Looking for an affordable haven in the bustling metropolis of Melbourne? Well, you’re not alone. The city is abuzz with talk of a rental crisis, where finding cheap 1 bedroom apartments for rent in Melbourne feels like hunting for a needle in a haystack.
But fear not, dear renters, for we’ve got your back. In the midst of soaring rent prices, we’ve compiled a list awesome units in some of the cheapest suburbs to rent in Melbourne.
So, bookmark this article, add these suburbs to your interested areas on Soho, and get ready to snag one of those elusive cheap 1 bedroom apartments for rent in Melbourne before someone else beats you to it.
Cheap 1 bedroom apartments for rent in Melbourne under $300/week
$210 – 41 Koonawarra Street, Clayton, VIC, 3168, Australia
Suburb median rent for units: $450
Calling all students! This shared accommodation offers cozy rooms, each for one person, with a fully furnished setup including a wardrobe and panel heater. You’ll enjoy the convenience of a professional cleaner who visits every two weeks to spruce up the common areas.
With a prime location just a 5-minute walk to Monash Clayton, you’ll have easy access to campus. Share the communal spaces, including the kitchen, living area, laundry, and bathroom, and don’t forget to budget $40 per month for utilities bills, covering gas, electricity, and water.
Clayton is a popular suburb and one of the best places to rent in Melbourne. It’s vibrant restaurant scene and easy accessibility attracts even foreigners coming to live in Melbourne.
Discover more cheap apartments for rent in Clayton VIC.
$230 – 404/6 Bruce Street, Box Hill, VIC, 3128, Australia (leased)
Suburb median rent for units: $430
Welcome to this charming studio apartment flooded with natural light! The open plan living area offers a comfortable space to relax, while the kitchen features gas cooking, a rangehood, microwave, and fridge. The separate bathroom includes a shower, single vanity, and toilet for your convenience. Enjoy the added comforts of a wall heater and a balcony with a table and chair to soak in the views.
Plus, you’ll have a built-in study desk and shelving, complete with an office chair. The property also comes with a storage cage for your belongings, located in the car park.
Conveniently located within walking distance to Box Hill Central and public transport, as well as Box Hill TAFE, this apartment is perfect for students or young professionals. With easy access to Deakin University, Aqualink parklands, and reserves, you’ll have plenty of recreational options.
Discover more cheap apartments for rent in Box Hill VIC.
$260 – 3/98 Commercial Road, Footscray, VIC, 3011, Australia
Suburb median rent for units: $400
Welcome to this fantastic shared accommodation opportunity in central Footscray! Located in a secure complex, this room offers a comfortable and convenient living experience.
Inside, you’ll find an open plan layout with mirrored built-in robes, providing ample storage space. The bathroom features a shower, vanity with cupboard, and the room even has a small courtyard for you to enjoy. In addition, there is a common laundry with a coin-operated washer available for your convenience.
You’ll have access to a shared communal kitchen, perfect for preparing meals and socializing with other residents. If you require car parking, it is available for an additional $10 per week, and a remote will be provided.
The location of this property is unbeatable, with easy access to public transport, shops, restaurants, and schools. Explore the vibrant Footscray neighborhood and enjoy all the amenities it has to offer.
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$290 – 8/3-5 Islington Street, Sunshine, VIC, 3020, Australia
Suburb median rent for units: $370
Recently painted and featuring new blinds throughout, this second-floor unit offers comfortable living.
Inside, you’ll find a well-appointed bedroom with a built-in robe, providing ample storage space. The open lounge room is bright and inviting, with the added bonus of an opened balcony where you can relax and enjoy the fresh air. The kitchen is equipped with electric appliances, making meal preparation a breeze. The unit also includes a bathroom with a toilet and a convenient single car space on the premises.
Situated in a central location, this property offers easy access to schools, shopping amenities, and public transport. Whether you’re commuting to work, running errands, or exploring the area, everything is within reach. Plus, with water usage included, you’ll have one less bill to worry about.
Discover more cheap apartments for rent in Sunshine VIC.
Cheap 1 bedroom apartments for rent in Melbourne under $350/week
$300 – 4/13 Ridley Street, Albion, VIC, 3020, Australia (leased)
Suburb median rent for units: $290
Step into this delightful home that has been freshly painted and boasts new floating boards throughout. With 2 bedrooms, one featuring built-in robes, this property offers comfortable living spaces.
The lounge is a welcoming area with balcony access, perfect for enjoying a morning coffee or relaxing in the evening. The kitchen is equipped with electric appliances, making cooking a breeze. The bathroom includes laundry facilities, adding convenience to your daily routine. Additionally, there is a single car spot for your vehicle.
Superbly positioned, this property is just a short walk away from Sunshine Market Place, the train station, bus services, and local schools. Everything you need is within easy reach, allowing for a convenient and vibrant lifestyle.
Discover more cheap apartments for rent in Albion VIC.
$315 – Unit 2/34 Bishop St, Kingsville, VIC, 3012, Australia (leased)
Suburb median rent for units: $320
Welcome to this inviting ground floor apartment situated in a secure and low-maintenance block. With its double bedrooms featuring built-in robes, a spacious separate lounge, a functional kitchen combined with a meals area, and a bright central bathroom with laundry facility, this apartment offers both comfort and convenience.
Located in close proximity to Kingsville Primary School, local shops, transport options, and the beautiful Cruickshank Park, this apartment provides easy access to everything you need for a convenient lifestyle.
Discover more cheap apartments for rent in Kingsville VIC.
$330 – 6/42 Princes Highway, Dandenong, VIC, 3175, Australia
Suburb median rent for units: $340
We know you guys are after one-bedroom apartments, but we couldn’t resist showcasing this incredible opportunity for a spacious 2-bedroom unit at such an affordable price.
The unit offers exceptional value under $350 a week. Situated next door to the vibrant Dandenong Market and within walking distance to the bustling Dandenong Plaza Shopping Centre, you’ll enjoy the convenience of having specialty shops, schools, public transport, and freeway access right at your doorstep.
Featuring 2 bedrooms with built-in robes and plush wall-to-wall carpet, a family bathroom, a comfortable lounge room, a kitchen with gas cooking, ceiling fans, undercover parking, and additional parking spots if needed, this unit has everything you need for comfortable living. Don’t miss the bonus of a balcony and plenty of yard space to relax and unwind.
Discover more cheap apartments for rent in Dandenong VIC.
More on cheap rental properties in Melbourne
How much does a one-bedroom apartment cost in Melbourne Australia?
The average rent for a one-bedroom apartment in Melbourne is $450 per week. This is based on data from the Real Estate Institute of Victoria (REIV).
According to SQM Research, units with two bedrooms go for around $550.
Where is it cheapest to rent a apartment?
The cheapest place to rent an apartment in Melbourne is in the outer suburbs, such as Melton, Craigieburn, and Werribee. The average rent for a one-bedroom apartment in these suburbs is around $350 per week.
How much is renting an apartment in Melbourne?
The cost of renting an apartment in Melbourne varies depending on the location, size, and condition of the apartment. However, the average rent for a one-bedroom apartment in the inner city is around $550 per week.
The cheapest apartments to rent in Melbourne CBD will go for around $500 per week for a one-bedroom apartment.
How much is an apartment in Melbourne per month?
The cost of an apartment in Melbourne per month varies depending on the size, location, and condition of the apartment. However, the average rent for a one-bedroom apartment in the inner city is around $2,200 per month.
Why is rent cheap in Melbourne?
There are a number of reasons why rent is cheap in Melbourne. One reason is that there is a large supply of apartments on the market, which helps to keep prices down. Another reason is that the Australian dollar is relatively weak compared to other currencies, which makes Melbourne an attractive place for international renters.
Having said that, while renting in Melbourne is more affordable than other capital cities like Sydney and Canberra, it is comparatively more expensive than many regional parts of Victoria. The cost of living in Melbourne is still quite high as well.
What is the cheapest place in Australia to live?
The cheapest place to live in Australia is the Northern Territory. The average rent for a one-bedroom apartment in the Northern Territory is around $350 per week.
