As the old saying goes, “home is where the heart is,” but it’s hard to love your home when the cost of living in Sydney is through the roof. But, fear not! We’ve scoured the market to bring you a selection of 7 cheap one bedroom apartments for rent in Sydney, all for under $350 per week.
So, what kinds of rental prices are some of us paying in the NSW capital? Well, the average rent in Sydney for houses is $962, and for units it’s $661, leaving many renters feeling like they’re living paycheck to paycheck.
And exactly why is rent so expensive in Sydney? While it’s true that the city’s rental market is facing significant challenges, with record-low vacancy rates, high rent prices, strong demand and a rising population, we’ve got you covered in terms of cheap Sydney apartments.
So, sit back, relax and let Soho help you rent the perfect affordable unit in some of the cheapest suburbs to rent in Sydney.
Cheap one bedroom apartments for rent in Sydney under $300
$280/week – 61A Siemens Crescent, Emerton, NSW, 2770, Australia
Suburb median rent for units: $415
Emerton is a suburb in the Blacktown City Council of New South Wales, Australia. It is located approximately 35 km west of the Sydney CBD.
Emerton is one of the more affordable suburbs in the Greater Sydney area, with a median house price of $620,250 as of September 2023. This is significantly lower than the Sydney median house price of $1,280,000.
There are a number of factors that contribute to the affordability of Emerton.
First, it is located in the western suburbs of Sydney, which are generally more affordable than the eastern suburbs.
Second, Emerton is a relatively young suburb, with most of its development occurring in the past few decades. This means that there is a good supply of newer homes available at more affordable prices.
Third, Emerton is located close to a number of major transport corridors, including the M4 Western Motorway and the Great Western Railway. This makes it easy to commute to work or school in other parts of Sydney.
Explore more cheap one bedroom apartments for rent in Bardia NSW.
$290/week – 1/51 Second Avenue, Kingswood, NSW, 2747, Australia
Suburb median rent for units: $395
Discover the joys of living in Sydney’s affordable suburb of Kingswood with this one bedroom unit. Situated on the first floor, this cozy abode is perfectly positioned within walking distance to schools, Kingswood Train Station, and local shops.
Explore more cheap one bedroom apartments for rent in Kingswood NSW.
$280/week – 21/308-310 Great Western Highway, St Marys, NSW, 2760, Australia
Suburb median rent for units: $440
St Marys is a suburb in the Penrith City Council of New South Wales, Australia. It is located approximately 40 km west of the Sydney CBD.
St Marys is another affordable suburb in the Greater Sydney area, with a median house price of $795,000 as of September 2023. This is also significantly lower than the Sydney median house price of $1,280,000.
Like Emerton, there are a number of factors that contribute to the affordability of St Marys. First, it is located in the western suburbs of Sydney. Second, it is a relatively young suburb, with most of its development occurring in the past few decades.
Third, it is well-connected to other parts of Sydney by public transport, including the M4 Western Motorway and the Western Sydney Railway.
Cheap one bedroom apartments for rent in Sydney under $350
$320/week – 15/213 Derby Street, Penrith, NSW, 2750, Australia
Suburb median rent for units: $440/week
Penrith is located approximately 50 km west of the Sydney CBD. Penrith is the most affordable suburb in the Greater Sydney area.
There are a number of factors that contribute to the affordability of Penrith. First, it is located in the western suburbs of Sydney, which are generally more affordable than the eastern suburbs. Second, Penrith is a relatively young suburb, with most of its development occurring in the past few decades.
This means that there is a good supply of newer homes available at more affordable prices. Third, Penrith is located close to a number of major transport corridors, including the M4 Western Motorway and the Western Sydney Railway. This makes it easy to commute to work or school in other parts of Sydney.
$330/week – 3/5 Griffiths Street, Blacktown, NSW, 2148, Australia
Suburb median rent for units: $450/week
Blacktown is a relatively affordable suburb in the Greater Sydney area, with a median house price of $495,000. This is significantly lower than the Sydney median house price of $1,280,000.
There are a number of factors that contribute to the affordability of Blacktown. First, it is located in the western suburbs of Sydney, which are generally more affordable than the eastern suburbs.
Second, Blacktown is a relatively young suburb, with most of its development occurring in the past few decades. This means that there is a good supply of newer homes available at more affordable prices.
Third, Blacktown is located close to a number of major transport corridors, including the M4 Western Motorway and the Great Western Railway. This makes it easy to commute to work or school in other parts of Sydney.
$330/week – 1/10 Kazanis Court, Werrington, NSW, 2747, Australia
Suburb median rent for units: $420/week
Werrington is approximately 45 km west of the Sydney CBD. It is a relatively affordable suburb when it comes to rent.
There are a number of factors that contribute to the affordability of Werrington. First, it is located in the western suburbs of Sydney, which are generally more affordable than the eastern suburbs.
Second, Werrington is a relatively young suburb, with most of its development occurring in the past few decades. This means that there is a good supply of newer homes available at more affordable prices.
Third, Werrington is located close to a number of major transport corridors, including the M4 Western Motorway and the Western Sydney Railway. This makes it easy to commute to work or school in other parts of Sydney.
In addition to being affordable, Werrington is also a growing and diverse suburb. It has a large population of young families, and there is a strong sense of community in the area. Werrington also offers a good range of amenities, including schools, shops, parks, and sporting facilities.
More on cheap Sydney apartments for rent
Explore more apartments for rent in Sydney here!
How much is the average one bedroom apartment in Sydney Australia?
The average rent for a one-bedroom apartment in Sydney is $550 per week. This is based on data from the Real Estate Institute of New South Wales (REINSW).
The median property price for a unit in Sydney currently sit around $776,780 according to April 2023 CoreLogic Home Value Index.
Is it worth buying a 1 bedroom apartment Sydney?
Whether or not it is worth buying a one-bedroom apartment in Sydney depends on a number of factors, including your financial situation, your lifestyle, and your investment goals. If you are looking for a long-term investment, then buying a one-bedroom apartment in Sydney may be a good option. However, if you are looking for a short-term investment, then renting may be a better option.
What is a reasonable rent in Sydney?
A reasonable rent in Sydney will vary depending on the location, size, and condition of the apartment. However, a good rule of thumb when you want to know how much rent you can afford is to budget around $500 per week for a one-bedroom apartment in the inner city.
How much does it cost to rent an apartment in Sydney Australia?
The cost of renting an apartment in Sydney varies depending on the location, size, and condition of the apartment. However, the average rent for a one-bedroom apartment in Sydney is $550 per week.
How to live cheaply in Sydney?
There are a number of ways to live cheaply in Sydney and save money on rent, including:
- Cooking at home instead of eating out
- Live with more people in a sharehouse
- Using public transportation instead of driving
- Taking advantage of free activities, such as going to the park or the beach
- Shopping at discount stores
- Sharing a home with roommates
Which place in Australia has the cheapest rent?
The place in Australia with the cheapest rent is the Northern Territory. The average rent for a one-bedroom apartment in the Northern Territory is $350 per week.
