6 Cheap Rentals in Perth for Renters on a Budget

February 22, 2024
Cheap Rentals in Perth

Key takeaways:

  • With the average rent for houses in Perth at $666 per week and for units at $496 per week, these properties are way below average.
  • There have been low vacancy rates in Perth pushing prices up. These 6 properties under $380 are total finds!
  • Some of the cheaper areas to rent include Midland, Armadale and Thornlie.

Are you on the hunt for affordable rental properties in Perth? Look no further! With the current average rent for houses at $620 and units at $560, finding a budget-friendly place to live in this stunning city can be a challenge. But don’t worry – we’ve got you covered! In this article, we’ve rounded up the best cheap rentals in Perth, all priced under $400.

Living costs in Perth are also lower than other capital cities. Whether you’re into art, music, food, or outdoor adventures, Perth has something to offer for everyone. Plus, the city is home to some of the best schools and universities in the country, making it a great place to raise a family or pursue higher education.

So, if you’re ready to find your next affordable rental in Perth and enjoy all the amazing benefits this city has to offer, keep reading. We’ve got some amazing properties to show you!

$220 per week – 2 Parkhill Avenue, Wilson, WA, 6107, Australia

Nestled on the banks of the Canning River, Wilson, Western Australia, offers a blend of affordability, community spirit, and access to nature, making it an attractive option for families and young professionals alike.

Situated approximately 9 kilometers from the bustling heart of Perth and just a stone’s throw from Curtin University’s Bentley Campus, Wilson provides the perfect balance between peaceful suburban life and convenient access to urban amenities.

Explore more rental properties in Wilson WA.

$285 per week – 8/1 Eric Street, Midland, WA, 6056, Australia

Compared to its pricier sibling, Perth, Midland boasts a median house price of $408,024, a welcome relief for those seeking a more attainable home.

This translates to a median multiple of 6.8, which, while still considered “concerning” by some experts, falls below Perth’s 9.1. However, remember, affordability is a double-edged sword.

While housing costs might seem sweeter in Midland, the median household income also dips to $60,245 compared to Perth’s $90,000. This means, even with a smaller price tag on your home, your income might feel stretched thinner.

Explore more rental properties in Midland WA.

$400 per week – 24/15 King George Street, Victoria Park, WA, 6100, Australia

Victoria Park, affectionately known as Vic Park, pulsates with the energy of inner-city living while offering the charm and comfort of a vibrant suburb.

Nestled just across the Swan River from Perth’s bustling CBD, Vic Park is a melting pot of cultures, a haven for foodies, and a haven for those seeking an active lifestyle.

$264/week – 1/1 Eric Street, Midland, WA, 6056, Australia (Leased)

Cheap Rentals in Perth
Unit for rent in Midland

Size: 2 bedroom, 2 bathroom

This rental property sounds almost too good to be true! On the ground floor located in a cosy 8-unit development in the heart of Midland, this unit is modern and charming and secure!—with gated access.

Inside, you’ll find a modern kitchen with gas cooking and stone bench tops, perfect for preparing delicious meals. The open plan living area features a split system air conditioning unit to keep you cool during the warmer months. The master bedroom has an ensuite and built-in robes, while the second bedroom is also generously sized with built-in robes. The modern main bathroom has a large shower, and there’s even a concealed laundry area for added convenience.

Outside, you’ll love the private courtyard, perfect for enjoying your morning coffee or evening glass of wine. There’s even one secure parking bay behind remote controlled security gates, providing added peace of mind. The unit also features an intercom system and security alarm, as well as a storeroom for additional storage.

Located close to transport and shops, this unit is the perfect choice for those looking for a convenient and comfortable lifestyle.

Discover more rental properties in Midland WA.

$350/week – 12 Cranwell Street, Thornlie, WA, 6108, Australia (Leased)

Cheap Rentals in Perth
Unit for rent in Thornlie

Size: 3 bedrooms, 1 bathroom

Looking for a spacious and comfortable family home in Thornlie? Look no further than this large 3-bedroom property, located in the heart of the suburb.

As you enter, you’ll be welcomed by a light and spacious lounge area, perfect for accommodating the whole family. On chilly winter nights, gather around the open fireplace and make some unforgettable memories. The main living areas feature original wooden floorboards, giving the home a warm and inviting feel.

The large galley kitchen is a standout feature of this home, offering plenty of floor and wall storage, as well as ample bench space. Each bedroom is carpeted and boasts large windows, offering plenty of natural light.

The large backyard is perfect for the kids to run around and make memories, and the added bonus of side access allows for private entry to the rear of the property.

Located just 15 km southeast of Perth CBD, this property is ideal for any city commuter. You’ll also be close to shops, food outlets, and schools, ensuring that you have everything you need right at your fingertips.

Explore more rental properties in Thornlie WA.

$370/week – 15/316 Streich Avenue, Armadale, WA, 6112, Australia

Cheap Rentals in Perth
Unit for rent in Armadale

Size: 3 bedrooms, 1 bathroom

Looking for a small and cozy unit to call home? Unit 15 might just be the perfect fit for you! It’s appropriate for retirees, FIFO workers, or a small family looking for a long-term settle.

This unit features 3 bedrooms and 1 bathroom, providing plenty of space for everyone. Plus, there are 2 split system heating and cooling systems ensuring your comfort all year round. The kitchen is equipped with gas cooking, perfect for preparing delicious meals.

If you’re considering living in Armadale, you’ll be pleased to know that it’s a friendly and vibrant community. Armadale is located approximately 28 kilometres southeast of Perth and is known for its beautiful parks, gardens, and nature reserves. There are plenty of opportunities for outdoor activities such as hiking, cycling, and picnicking, making it the perfect location for nature lovers.

Discover more rental properties in Armadale WA.

$375/week – 38/5 Junction Parade, Midland, WA, 6056, Australia

House for rent in Midland

Size: 1 bedroom, 1 bathroom

Located in the New Junction Precinct, this secured development is a must-see for anyone looking for a convenient living experience.

Meet the demands of today’s busy lifestyle with a short stroll to cafes, pubs, parks, shops, and more. You’ll be connected to the vibrant town hub and tourist areas such as the Swan Valley and John Forrest National Park, with everything you need right at your doorstep.

The New Junction Precinct is the first step in the evolution of this historic town, and the Catalyst Executive Apartments are an example of this. The apartments offer generous living space with quality fittings throughout, ensuring that you live in comfort and style.

This one-bedroom apartment is our favourite of the list of cheap rentals in Perth. It features a robe, one bathroom, a spacious balcony, and great outlooks. You’ll also have access to a rooftop garden and underground carpark, making your life convenient and hassle-free.

See more rental properties in Midland WA.

Some FAQs on cheap rentals in Perth

How much is rent in Perth?

The average rent for houses in Perth is $620 per week and units at $560, while the average rent for units is $496 per week. So, when you’re looking for cheap rentals in Perth, keep in mind that the more affordable property types will be units. However, it’s also important to note that rental prices can vary depending on factors such as location, property size, and condition.

Where is the cheapest place to live in Western Australia?

If you’re looking for the cheapest houses for sale in Western Australia, some of the more affordable suburbs include Armadale, Gosnells, and Midland. The cheaper suburbs to rent in Perth offer a range of housing options at lower price points, making them popular choices for those on a budget.

Are rental prices dropping Perth?

According to the Property Tribune, low vacancy rates in Perth have put a strain on renters and pushed rents up. High rental prices and low vacancy rates mean a rental crisis, which is what Perth is heading towards. With a rise in average house rent at 11.5% over the year of 2022 and the rising interest rates dissuading first home buyers from a purchase, it doesn’t look like the rental market is about to stabilise.

However, it’s important to do your own research and speak to local real estate agents to get a better understanding of the current market conditions.

Is it cheaper to buy or rent in Perth?

Whether it’s cheaper to buy or rent in Perth largely depends on a range of factors, including the current housing market, your financial situation, and your long-term goals. In general, buying a property in Perth can be a good investment, particularly if you’re planning to stay in the same place for a number of years. Owning a property can also give you greater stability and control over your living situation and you can look for cheap houses

But if you find a great deal out of the cheap rentals in Perth, this could save you on a lot of the financial commitments that come with buying a home in Perth, particularly if you’re a first-time buyer. You’ll need to factor in the cost of a deposit, mortgage repayments, and ongoing maintenance and repair costs, which can add up quickly. Renting, on the other hand, can offer greater flexibility and less upfront costs, but you may have less control over your living situation and less stability over the long-term.

Ultimately, whether it’s cheaper to buy or rent in Perth will depend on your individual circumstances and goals. It’s important to do your own research and speak to a financial advisor or real estate professional to get a better understanding of the pros and cons of each option.

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