Looking for cheap rentals in Canberra? We’ve got you covered! With the average rental price for houses at $762 per week and units at $564 per week, finding an affordable place to live can seem tough.
The property market in Canberra isn’t easy to navigate, let alone in one of the most expensive rental markets in Australia.
But we’re here to help. We’ve narrowed down a list of eight fantastic rental properties priced at $500 per week or less.
- Weston, ACT – $350/week – 15a Hopkins Street (1 bedroom, 1 bathroom)
- Kaleen, ACT – $360/week – 1/82 Onkaparinga Crescent (1 bedroom, 1 bathroom, Leased)
- Chifley, ACT – $400/week – 6A Coghlan Street (1 bedroom, 1 bathroom, Leased)
- Gungahlin, ACT – $440/week – 601/90 Swain Street (1 bedroom, 1 bathroom)
- Phillip, ACT – $465/week – 23/116 Easty Street (1 bedroom, 1 bathroom)
- Gungahlin, ACT – $500/week – 88/11 Camilleri Way (1 bedroom, 1 bathroom)
- Lyneham, ACT – $500/week – 10B Claxton Crescent (2 bedrooms, 1 bathroom)
- Garran, ACT – $520/week – 2/13 Tompson Street (2 bedrooms, 1 bathroom)
Let’s explore these properties!
Cheap rentals in Canberra under $400/week
$350/week – 15a Hopkins Street, Weston, ACT
- Size: 1 bedroom, 1 bathroom
This appealing rental home in Weston, ACT, offers a fully or partially furnished setup perfect for comfortable living. It features one bedroom, a separate bathroom, and includes conveniences like a double bed and a study desk.
The residence is set in a peaceful, leafy street, enhancing your living experience with tranquility and calm.
Amenities include:
- Fully or partially furnished options
- Reverse cycle air conditioning
- Separate bathroom
- Car space available
- Close to Cooleman Court for shopping and dining
- Pets considered on application
For more details, you can view the property’s listing on Soho.
See more rentals in Weston ACT 2611.
Leased at $360/week – 1/82 Onkaparinga Crescent, Kaleen, ACT, 2617, Australia
- Size: 1 bedroom, 1 bathroom
Leased, but still curious about what you can get in this price range?
This rental property in Kaleen, ACT, is a self-contained flat featuring an open-plan lounge, a separate kitchenette with essential appliances, and a bathroom with integrated laundry facilities.
Situated in a highly desirable suburb, it’s close to Kaleen Plaza, various bus routes, and a short drive to Belconnen and the University of Canberra.
Amenities include:
- Open plan lounge area
- Separate kitchenette with refrigerator
- Bathroom with combined laundry
- Garage for secure parking
- Excellent location close to shopping and transport
- Ideal for those seeking a quiet, independent lifestyle
For more details, you can view the property’s listing on Soho.
See more rentals in Kaleen ACT.
Leased at $400/week – 6A Coghlan Street, Chifley, ACT, 2606, Australia
- Size: 1 bedroom, 1 bathroom
This property in Chifley, ACT, features a well-presented one-bedroom townhouse offering privacy and convenience. It’s located moments from local shops, cafes, and open parklands, providing a central yet serene living environment.
Amenities include:
- Private access and updated interiors
- Reverse cycle heating and cooling
- Pet-friendly policy upon approval
- Energy Efficiency Rating of 1.0
- Proximity to Chifley shops and major centres
See more rentals in Chifley ACT.
$440/week – 601/90 Swain Street, Gungahlin, ACT
- Size: 1 bedroom, 1 bathroom
This modern apartment in Gungahlin, ACT, offers a one-bedroom layout with high-quality finishes, including stone benchtops and floor-to-ceiling tiling.
It’s ideal for those who work from home, with a separate study space and a balcony offering expansive views. The apartment is in a prime location close to shops and public transport.
Amenities include:
- Open floor plan with a separate study room
- High-end kitchen appliances
- Secure underground parking and storage
- Access to a rooftop terrace, swimming pool, and gym
- Conveniently located near Gungahlin Town Centre
For more details, you can view the property’s listing on Soho.
See more rentals in Gungahlin ACT.
$465/week – 23/116 Easty Street, Phillip, ACT, 2606, Australia
- Size: 1 bedroom, 1 bathroom
This one-bedroom apartment located in Phillip, ACT, is a light and airy space offering modern comforts, including a split system for heating and cooling, and a spacious kitchen equipped with a dishwasher.
The apartment is in a fantastic location adjacent to Westfield and various health facilities, providing a convenient and lively lifestyle.
Amenities include:
- Light-filled living spaces
- Built-in robe in the bedroom
- Swimming pool and BBQ facilities in the complex
- Secure basement parking with lockable storage
- Great proximity to Woden’s CBD and Canberra Hospital
For more details, you can view the property’s listing on Soho.
See more rentals in Phillip ACT.
Cheap rentals in Canberra under $600/week
$500/week – 88/11 Camilleri Way, Gungahlin, ACT
Size: 1 bedroom, 1 bathroom
This apartment in Gungahlin, ACT, offers a prime location close to public transport and shopping, making it an excellent choice for convenience and lifestyle. This modern one-bedroom apartment enjoys sunny views and an open-plan living style that is popular in contemporary housing.
Amenities include:
- Good-sized bedroom with built-in robes
- Convenient location near shops and light rail
- Modern kitchen
- Open plan living
For more details, you can view the property’s listing on Soho.
See more rentals in Gungahlin ACT.
$500/week – 10B Claxton Crescent, Lyneham, ACT, 2602, Australia
Size: 2 bedroom, 1 bathroom
This property in Lyneham, ACT, is a flat ideal for singles or couples who appreciate low maintenance living. It’s close to Lyneham Shops, within a 5-minute drive of Canberra City, and has good access to public transport. The flat includes utilities such as water, gas, electricity, and Wi-Fi in the rent.
Amenities include:
- Open plan living space
- Versatile floor plan
- Fully equipped kitchen
- Internal laundry
- Heated flooring
- Off-street parking for two cars
See more rentals in Lyneham ACT.
$520/week – 2/13 Tompson Street, Garran, ACT
Size: 2 bedroom, 1 bathroom
This rental property located in Garran, ACT, offers a two-bedroom duplex with modern conveniences. Positioned just minutes from Garran Shops, The Canberra Hospital, and Woden Town Centre, it provides ease of access to key amenities and transport.
The home features an open-plan living and dining area with new reverse cycle heating and cooling, an updated kitchen with stainless steel electric appliances, and off-street parking.
Amenities include:
- Two bedrooms with built-in robes
- Fresh paint and new carpet throughout
- Shared laundry room and yard with gardening services included
- Great location near healthcare facilities and shopping
- Off-street parking available
For more details, you can view the property’s listing on Soho.
See more rentals in Garran ACT 2605.
Keep this in mind before you go
The best suburbs in Canberra don’t have to be the most expensive. From spacious apartments to ground floor units, we have something for everyone on a budget. Keep reading to uncover where you can find cheap rent in Canberra and secure your new home without breaking the bank.
And when you’re ready to get a foot onto the property ladder, our selection of cheap houses for sale in Canberra will help you find homes in affordable suburbs!
Check out our map of the listings here.
How to find cheap rentals in Canberra
How much is average rent in Canberra?
The average rent in Canberra is around $762 per week for houses and $564 per week for units. But these prices combine the sizes of all property types. Here is the breakdown of the current average rent in Canberra according to SQM research.
- 3 bedroom houses – $695/week
- 2 bedroom units – $576/week
Why is Canberra so expensive to rent?
Over the years, Canberra has transformed from a quiet suburb into a bustling city. Despite the constant construction of new apartments, the demand for rental properties has continued to rise, while the available supply has struggled to keep pace.
Developers are quick to sell off-plan apartments, and the demand for existing properties has remained high.
The rental market in Canberra remains competitive, with renters often facing difficulty finding affordable and suitable properties. However, there are still pockets of the city where affordable rentals can be found, making it important for prospective renters to focus their search in specific areas.
Where is the most affordable place to rent in Australia?
The most affordable place to rent in Australia can vary depending on a number of factors, including location, property type, and local rental market conditions. However, some generally more affordable areas to rent in include regional areas or suburbs outside of major cities.
Is Canberra rent high?
Canberra has been ranked as the second most expensive city in Australia when it comes to renting a unit, with the average weekly rent coming in at $575, just behind Sydney.
While the cost of renting in Canberra may seem steep, there is some positive news for prospective tenants. High vacancy rates in certain areas of the city have helped to alleviate the pressure on renters, providing more options and potential for negotiation.
However, it’s important to note that the rental market can vary significantly depending on the specific suburb and type of property, with some areas of the city experiencing much tighter rental markets than others.
As a result, it’s crucial for renters to do their research and stay informed about market trends and conditions in order to secure the best possible rental property at an affordable price.
