Are you on the hunt for cheap rental properties in Canberra? With median rents for houses at $768 and units at $563 per week, it can be a challenge to find affordable properties in the tight Canberra property market.
But don’t worry, we’ve put together a list of eight suburbs where you can find cheap rental properties in Canberra for as low as possible.
Keep in mind that some rental properties on this list may have already been leased, but by using Soho’s match profile, you’ll be the first to know when new listings become available.
Don’t miss out on your dream rental. Read on to find out more. And when you’re ready to hop on the property ladder, our round-up of cheap houses for sale in Canberra is there to give you a leg up.
you a leg up.
| Suburb | Median Rent (Houses) | Median Rent (Units) |
|---|---|---|
| Belconnen | $540/week | $530/week |
| Philip | $590/week | $560/week |
| Holt | $600/week | $540/week |
| Hawker | $700/week | $480/week |
| Greenway | $620/week | $520/week |
| Banks | $585/week | $560/week |
| Watson | $650/week | $540/week |
Belconnen
- Median rent for houses: $540/week
- Median rent for units: $530
Belconnen, located in the Australian Capital Territory (ACT), is a vibrant and diverse suburb perfect for those seeking affordable living options. With a median rent of $530 per week for units, Belconnen offers great value for money compared to other properties in Canberra. The suburb is well-connected, with a variety of public transport options available, including buses and trains.
Belconnen is also home to a large shopping centre, Westfield Belconnen, which has a range of shops, restaurants, and entertainment options. For those who enjoy the outdoors, Belconnen is surrounded by parklands and lakes, including Lake Ginninderra, which offers walking trails and water activities.
Overall, Belconnen is a great option for those looking for affordable living with plenty of amenities and outdoor activities.
Explore more rental properties in Lawson ACT.
Philip
- Median rent for houses: $590 for houses
- Median rent for units: $560/week
Philip is a well-established suburb in Canberra, located in the Woden Valley region. This is a great place for families or students as it is conveniently located close to a major shopping centre, Westfield Woden, as well as the Canberra Hospital. The area is also home to some of the city’s best schools, including Canberra College and the Canberra Institute of Technology.
Properties in Philip offer a range of options, from affordable apartments to spacious townhouses with multiple bedrooms. With its central location, living in Philip means you’ll have easy access to all that Canberra has to offer.
Explore more rental properties in Philip ACT.
Holt
- Median rent for houses: $600/week
- Median rent for units: $540/week
Holt, a northern suburb of Canberra, is an excellent place to live for families and professionals alike who are looking for affordable rental properties. This suburb offers a range of properties, from apartments to houses, with 2 bedrooms to 4 bedrooms. The median rent for houses in Holt is $600 per week and $540 per week for units.
Living in Holt provides a peaceful and relaxed lifestyle, with plenty of green spaces and parks for outdoor activities. The suburb is also home to several schools, including Kingsford Smith School and Southern Cross Early Childhood School, making it a great location for families with children.
For those who love to shop, the nearby Westfield Belconnen shopping centre has provided a variety of shops, restaurants, and cafes. And if you need to commute to other parts of Canberra, Holt is well-connected to public transport with a number of bus stops throughout the suburb.
Explore more rental properties in Holt ACT.
Hawker
- Median rent for houses: $700/week
- Median rent for units: $480/week
Hawker is a suburb located in the Belconnen district of Canberra, and it’s a great option for those looking for affordable rent in a peaceful and green area. The suburb is surrounded by nature reserves and parks, making it ideal for nature lovers and outdoor enthusiasts.
Hawker also has a local shopping center with a supermarket, cafes, and restaurants, making it convenient for daily needs. The suburb is well connected to other parts of Canberra via public transport, and it’s a short drive to the city center.
Explore more rental properties in Page ACT.
Greenway
- Median rent for houses: $620/week
- Median rent for units: $520/week
Greenway is a beautiful suburb located in the Tuggeranong Valley. It is known for its stunning views of the Brindabella Ranges and its proximity to the picturesque Lake Tuggeranong. The suburb offers a relaxed and peaceful lifestyle, making it perfect for families and professionals alike.
Greenway is also home to a range of amenities, including a shopping centre, community centre, and sports facilities. The suburb is well-connected to the rest of Canberra, with easy access to public transport and major roads.
Overall, Greenway offers a great balance of natural beauty, convenience, and community, making it a highly livable suburb in Canberra.
Explore more rental properties in Greenway ACT.
Banks
- Median rent for houses: $585/week
- Median rent for units: $560/week
Banks is a family-friendly suburb located in the southern part of Canberra, surrounded by beautiful parklands and natural reserves. It offers a tranquil and peaceful atmosphere, making it perfect for those who love to live close to nature while still having access to all the modern amenities.
Banks has a mix of houses and townhouses, providing affordable rental properties for families, young professionals, and retirees alike. The suburb boasts a close-knit community with a primary school, local shops, and public transport. Its proximity to Tuggeranong and the CBD makes it a convenient location for those who work or study in the city.
Additionally, the suburb has a strong sporting community with a football club, cricket club, and tennis courts, making it ideal for those who enjoy an active lifestyle. Overall, Banks is a great option for those looking for a peaceful and affordable rental property in Canberra.
Watson
- Median rent for houses: $650 per week
- Median rent for units: $540/week
Watson is a lovely and peaceful suburb that offers a great quality of life. It is situated just 6 kilometers from the Canberra CBD and has excellent access to public transport. The suburb has a mix of residential properties, including houses and apartments, and offers a range of amenities such as shops, cafes, and restaurants.
Watson is also home to a number of parks and recreational areas, making it a great place for families with children or people who enjoy outdoor activities. The median rent in Watson is $530 per week for units and $650 per week for houses, making it an affordable option for those looking for a rental property in Canberra.
Additionally, Watson has built a strong sense of community, with regular events and activities organized by local community groups.
Explore more rental properties in Watson ACT.
FAQs on finding cheap rent in Canberra
Where is the cheapest place to rent near Canberra?
According to recent data, Belconnen and Hawker are the most affordable regions to rent a unit in Canberra, with a median weekly asking rent of $470-$520.
For those looking to rent a house, Belconnen and Philip offers the cheapest options, with a weekly rent of $525-$575.
Is rent cheap in Canberra?
Canberra is known for its expensive rental prices, which can be compared to Sydney’s. This makes it challenging to find a place that fits within your budget. In some of the best suburbs in Canberra like Forrest ACT, average rent can be as high as $1,100 per week.
But, don’t lose hope just yet – with some careful searching, you can still discover affordable rental options.
How much does rent cost in Canberra?
According to SQM Research, the median rent in Canberra is $768 for houses and $563 for apartments.
Why is Canberra so expensive to rent?
Canberra has transformed from a quiet country suburb into a bustling city. Despite the continuous construction of new apartments, the demand still outstrips supply. Developers face no difficulties selling properties off the plan in Canberra, and the demand for existing properties remains high.
Is it hard to rent in Canberra?
The rental market in Canberra is still a challenging task as rents for both houses and units hit a new high in the last quarter, making it the most expensive rental market in the country. This poses a daunting challenge for anyone looking to search for an affordable property to rent in the area.
