*updated April 30, 2024
Looking for a cheap long-term rentals in Gold Coast? You’re not alone. The average rent in Gold Coast is a $850 per week for houses and $680 for units.
And unfortunately, rent is continuing to rise, making the Gold Coast even more popular but even harder to find an affordable place to call home.
But don’t worry, we’ve got you covered. We’ll list some of the most affordable long term cheap rentals in Gold Coast with rent below $600 per week!
Some long stay accommodation on this list may have been leased, but keep these gorgeous Gold Coast suburbs in mind when you set up your match profile on Soho. We’ll send you property matches as soon as new listings come onto the market, so you don’t miss a beat.
So without further ado, let’s get started!
Cheap long term rentals in Gold Coast under $550/week
$280/week – 3 Mahogany Place, Molendinar, QLD
- Suburb median rent: $870 per week
- Suburb median rent for units: $500 per week
This spacious rental property in Molendinar, QLD, features six bedrooms and three bathrooms, catering to large families or student groups. It’s conveniently close to Griffith University, hospitals, and the G-Link light rail, making it ideal for students and professionals alike.
Amenities include:
- Six generously sized bedrooms
- Three well-appointed bathrooms
- Close proximity to Crestwood Plaza Shopping Village
- Easy access to public transport and the M1
- All utilities included in the rent
- Walking distance to university and hospital
Explore more cheap long-term rentals in Molendinar QLD 4214.
$400/week – 4 Peter Sellers Court, Parkwood, QLD
- Suburb median rent: $820/week
- Suburb median rent for units: $600/week
This house is a well-designed one-bedroom home located in a quiet cul-de-sac in Parkwood, QLD. Offering quality fixtures and fittings throughout, it provides a serene living space conveniently close to amenities like Griffith University, Gold Coast Hospital, and various shopping options.
Amenities include:
- One renovated bathroom
- Large new quality kitchen
- Lounge room
- Proximity to schools, hospitals, and shopping centres
- Short drive to the Broadwater and Southport CBD
Explore more cheap long term rentals in Parkwood QLD 4214.
$470 /week – 5/50 Railway Street, Southport, QLD,
- Suburb median rent: $700/week
- Suburb median rent for units: $540/week
This modern apartment in Southport, QLD, is ideal for renters seeking comfort and convenience. The two-bedroom unit features a spacious lounge opening to a water-view balcony and a modern kitchen equipped with stainless steel appliances.
Located just a short walk from local schools and transportation options, this apartment is a top pick for urban living.
Amenities include:
- Two spacious bedrooms
- Modern kitchen with stainless steel appliances
- Lounge with balcony access
- Off-road parking available
- Close to Southport State School and High School
- Easy access to public transport
Explore more cheap long term rentals in Southport QLD.
$520/week – 11/5 Proud Street, Labrador, QLD
- Suburb median rent: $750 /week
- Suburb median rent for units: $520/week
This contemporary ground floor unit in Labrador, QLD, offers modern living with stylishly updated interiors. Furnished for convenience, it features an open-plan living and dining area, a functional kitchen with electric cooktop, and a spacious bedroom with built-in robes and air conditioning.
Amenities include-:
- Furnished interior with stylish decor
- Air conditioning in the bedroom
- Modern bathroom with shower/bath combo
- On-street parking
- Walking distance to the beach and local dining
- Short drive to Surfers Paradise and shopping centres
Explore more cheap long term rentals in Labrador QLD.
$550/week – 2/15 Hurley Street, Pimpama, QLD
- Suburb median rent for houses: $650/week
- Suburb median rent for units: $525/week
Discover modern living in this elegant two-bedroom unit in Pimpama, QLD. Nestled in a contemporary semi-detached setup, this home offers a sleek open-plan living space enhanced by air conditioning, a modern kitchen with high-end finishes, and a private fenced courtyard perfect for relaxing outdoors.
With its prime location, you’re minutes away from Pimpama City Shopping Centre and major transport links.
Amenities include:
- Stylish interiors with air-conditioning
- High-quality kitchen appliances
- Secure single garage
- Convenient access to shopping and the M1
- Perfect for comfortable and upscale living
Explore more cheap long term rentals in Pimpama QLD.
Cheap long term rentals in Gold Coast under $600/week
$550/week – 18/16-22 Hollywood Place, Oxenford, QLD
- Suburb median rent: $760/week
- Suburb median rent for units: $500/week
This newly renovated two-bedroom unit in Oxenford, QLD, is perfectly located for convenience and lifestyle, just minutes away from schools, shopping, and public transport.
The open-plan layout and modern amenities make this an ideal home for small families or professionals.
Amenities include:
- Renovated kitchen with new appliances
- Air conditioning in the living area
- Covered alfresco and fully fenced backyard
- Single garage with additional storage space
- Close to Westfield Helensvale and Pacific Highway access
- Virtual tour available for remote viewing
Explore more cheap long-term rentals in Oxenford QLD 4210.
$600/week – 24/4 Bushmead Street, Nerang, QLD
- Suburb median rent: $700/week
This well-situated property in Nerang, QLD, is a newly renovated 3-bedroom house, making it a perfect choice for families or professionals.
It boasts modern amenities and is conveniently located near shops and the M1, enhancing both comfort and accessibility.
Amenities include:
- 3 bedrooms with built-in wardrobes, master with air conditioning
- Spacious kitchen with dishwasher and ample storage
- Separate living and dining areas
- Private rear courtyard
- Internal garage access, including laundry facilities
- Walkable to local amenities and minutes from major transport routes
Explore more cheap long term rentals in Nerang QLD 4211.
Are Gold Coast apartments a good investment?
Whether or not Gold Coast apartments are a good investment depends on a number of factors, including your individual financial situation, your investment goals, and whether Gold Coast house prices will drop (the local property market).
Here are some things to consider when making your decision:
- Rental yields: Gold Coast apartments have historically offered high rental yields, which means that you can expect to earn a good return on your investment if you rent out your property. However, it’s important to note that rental yields can fluctuate, so it’s important to do your research and factor in any potential changes to the Gold Coast market before you make a decision.
- Capital growth: Gold Coast property prices have been on the rise in recent years, but it’s important to remember that past performance is not a guarantee of future results. It’s also worth noting that the Gold Coast property market is cyclical, so there will be periods of time when prices fall.
- Costs: In addition to the purchase price of the apartment in Gold Coast, you’ll also need to factor in the cost of stamp duty, council rates, body corporate fees, and any other associated costs.
- Your individual circumstances: It’s important to consider your own financial situation and investment goals when deciding whether or not to invest in a Gold Coast apartment. If you’re looking for a short-term investment in cheap houses for sale in Gold Coast, then an apartment may not be the best option. However, if you’re looking for a long-term investment and you’re comfortable with the risks involved, then an apartment could be a good way to grow your wealth.
FAQs on Cheap Long Term Rentals in Gold Coast
How much does it cost to rent on the Gold Coast?
The cost of rent on the Gold Coast varies depending on the type of property, the location, and the size. However, in general, rent is quite expensive on the Gold Coast. The median rent for a house is $730 per week, while the median rent for a unit is $575 per week.
Areas like Surfers Paradise are definitely a little pricier, with a one bedroom apartment renting out at $440 per week and a two bedroom apartment at $620 a week.
Is there a shortage of rental properties in Gold Coast?
Yes, there is a shortage of rental properties in Gold Coast. This is due to a number of factors, including the increasing population, the growing tourism industry, and the lack of new housing construction. As a result, it can be very difficult to find cheap long term rentals in Gold Coast, especially if you are looking for a specific type of property or location.
Can I airbnb my house in Gold Coast?
Yes, you can airbnb your house in Gold Coast. However, there are a few things you need to keep in mind. First, you need to make sure that your property is zoned for short-term rentals. Second, you need to obtain a business license from the Gold Coast City Council. Third, you need to comply with all applicable laws and regulations.
