Cheapest Suburb to Rent in Sydney

June 9, 2022
cheapest suburb to rent in sydney

With a constantly growing population of over 5.3 million people, a healthy property market and scenic views, it’s not surprising that people are constantly looking for the cheapest suburb to rent in Sydney. 

Sydney is also the perfect place to raise a family or start a business. It has the country’s biggest economy and allows for lucrative opportunities. 

Sydney has beautiful beaches, the alcohol is cheap, and a very low crime rate crime rates.  

If you are looking to move to the area, here are the cheapest suburbs to rent in Sydney.

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10 Cheapest suburbs to rent in Sydney

1. Cabramatta

cheapest suburb to rent in sydney
House for rent in Cabramatta
  • Median house price: $443,790
  • Rental yield for houses: 4.01% 
  • Rent price for units: $342/week
  • Rental yield for units: 3.9% 

Also known as Sydney’s Little Vietnam, Cabramatta is a bustling suburb in southwest Sydney basking in its food culture. The streets in Cabramatta make you feel like you’re in Asia. This awesome little suburb comes in as the cheapest suburb to rent in Sydney right now.

There are great restaurants with cheap and tasty food. It has a train station, grocery stores, good schools, and a bank. 

The houses in Cabramatta are mostly three to four-story apartment buildings, and it’s an excellent location to start a family.

Check out more properties for rent in Cabramatta NSW.

2. Fairfield 

cheapest suburb to rent in sydney
House for rent in Fairfield (leased)
  • Median house price: $424,765
  • Rental yield for houses:4.32%
  • Median rent price:$346/week
  • Rental yield for units: 2.6%

Fairfield is famous for its high demand for properties. Due to the high rate of people moving into Sydney South West, businesses thrive more. 

It is a shopping district with over 20 cafes, bars, and restaurants. The residents of Fairfield are mostly of non-English speaking backgrounds. 

The price of housing supply at Fairfield mostly dwindles. It is an ethnically diverse community with the friendliest of neighbours. 

Check out more properties for rent in Fairfield NSW.

3. Carramar 

cheapest suburb to rent in sydney
House for rent in Carramar
  • Median house price: $398,445
  • Rental yield for houses: 4.18%
  • Median rent price: $348/week
  • Rental yield for units: 4.5%

Carramarr is one of the cheapest suburbs to rent in Sydney. It is an excellent neighbourhood for families, singles, and retirees. 

It has a friendly golf course with parks and recreation centres. It has a good mix of proximity and privacy to amenities, and there is accessible public transportation. 

Carramarr has excellent schools. It is famous for its great neighbourly spirit. There is no traffic in this part of Sydney, and there are shopping stores. 

Check out more properties for rent in Carramar NSW.

4. Canley Vale 

cheapest suburb to rent in sydney
House for rent Canley Vale
  • Median house price: $452,656
  • Rental yield for houses: 3.99%
  • Median rent price: $348/week
  • Rental yield for units: 3.8%

In Canley Vale, Sydney southwest, it feels like restaurants are constantly springing up. It is a blooming area and one of the cheapest suburbs to rent in Sydney. 

Canley Vale offers excellent education to students who decide to live in this area. It is perfect for small families and single people. There is also a wide range of international cuisine at their restaurants and cafes.

Check out more properties for rent in Canley Vale NSW.

5. Oran Park 

cheapest suburb to rent in sydney
House for rent Oran Park
  • Median house price: $581,362
  • Rental yield for houses: 3.69%
  • Median rent price: $356/week
  • Rental yield for units: 3.0%

Oran Park is one of the cheapest suburbs to rent in Sydney and a great place to purchase an investment property. 

It has excellent local shops and stores. Similar to other parts of the Sydney basin, Oran Park is a metropolitan area. It is a good place for young families to buy their first homes. 

This suburb has cheap house ranges and also well-maintained parks. It is a family-oriented suburb with friendly people. 

Check out more properties for rent in Oran Park.

6. Wiley Park 

cheapest suburb to rent in sydney
Apartment for rent Wiley Park
  • Median house price: $434,453
  • Rental yield for houses: 4.34%
  • Median rent price: $357/week
  • Rental yield for units: 3.9%

Wiley Park is famous for its easy access to all other locations in Sydney, even though it’s located in the inner southwest. It has excellent public transportation. 

It is a family-oriented suburb. Wiley Park is affordable to rent and live in with a growing property market. 

The suburb has great stores, friendly parks, and many cafes. It is a quiet suburb and a great place to start a family. 

Check out more properties for rent in Wiley Park NSW.

7. Warwick Farm 

cheapest suburb to rent in sydney
House for rent Warwick Park
  • Median house price: $405,219
  • Rental yield for houses: 4.82%
  • Median rent price: $359/week
  • Rental yield for houses: 4.3%

The Warwick Farm is ranked as one of the most liveable places with the cheapest suburb to rent in Sydney. 

It has a great family-oriented neighbourhood and excellent proximity to all amenities. It rolls out along the banks of Georges River. 

If you need a place with a welcoming green oasis, you need to rent or buy a place in Warwick Farm. 

It is excellent for medical facilities and shopping options. It is located in the west of Sydney’s central business district. Therefore Warwick Farm is an excellent choice for families and singles. 

Check out more properties for rent in Warwick Farm.

8. Lakemba

cheapest suburb to rent in sydney
Apartment for rent Lakemba
  • Median house price: $424,405
  • Rental yield for houses: 4.4%
  • Median rent price: $361/week
  • Rental yield for units: 4.3%

Ever wondered why people refer to Lakemba as the cultural gem of Sydney? It’s because it has a diverse community of people! 

It is safe to say Lakemba has everything, from a train station with a lift to a post office. There are schools in almost every part of Lakemba. 

It also has a bubbly nightlife scene. Lakemba has lovely libraries and restaurants. It is located in the inner southwest and is a safe, family-oriented suburb.

Check out more properties for rent in Lakemba.

9. Liverpool 

cheapest suburb to rent in sydney
Apartment for rent Liverpool
  • Median house price: $432,594
  • Rental yield for houses: 4.54%
  • Median rent price: $362/week
  • Rental yield for units: 3.8%

Located in the southwest with several brand new apartments, Liverpool is one of the best and cheapest suburbs to rent in Sydney. 

It has a shopping centre and accessible public transportation. It is an emerging powerhouse and a great suburb to start a family in. 

Check out more properties for rent in Liverpool NSW.

10. Minto 

cheapest suburb to rent in sydney
House for rent in Minto
  • Median house price: $504,534
  • Rental Yields for Houses: 3.83%
  • Median Rent Price: $366/week
  • Rental Yield for Units: 3.7%

Minto is the best suburb to live in the outer southwest of Sydney. It has beautiful parks and excellent public transport. 

At the same time, living in Minto, it’s easy to overcome trouble because the neighbours are always willing to help. 

It is a peaceful area with a very low to medium crime rate. It has a shopping centre and top-rated nearby attractions. 

While Minto is 10th as the cheapest suburb to rent in Sydney, its average rent is far lower than a ton of other Sydney suburbs.

Check out more properties for rent in Minto NSW.

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