Whether you’re drawn to the cultural tapestry of Dandenong, the beachside serenity of Frankston, Cranbourne’s natural allure, Pakenham’s burgeoning community, or the vibrant diversity of Noble Park, these are some of the cheapest suburbs to rent in South East Melbourne.
When it comes to Melbourne, home to a large number of residential buildings, you’ll find some of the most affordable apartment rentals in the capital cities.
Our guide will cover each suburb’s median house prices, average rent costs, and the unique perks they offer, from bustling markets and stunning natural retreats to comprehensive transport networks.
1. Dandenong
- Median House Rent: $400 per week for a two-bedroom unit.
- Average Unit Rent: $380 per week for a two-bedroom unit.
“Dandenong is 20.0% more affordable than the Melbourne average rent of $400.“
Dandenong is one of the cheapest Melbourne suburbs to rent. This suburb, known for its rich mosaic of cultures, offers a unique living experience that combines urban convenience with a sense of community.
Learn about What is the happiest suburb in Victoria to see how Dandenong compares in terms of living satisfaction.
Dandenong’s market scene is a local legend, with the Dandenong Market offering everything from fresh produce to exotic spices. It’s a place where foodies and bargain hunters alike can thrive.
The suburb is also a hub for arts and culture, boasting the Drum Theatre and the Walker Street Gallery, which host a variety of performances and exhibitions throughout the year.
For families, the Dandenong Ranges provide a natural retreat with stunning gardens and walking trails. The suburb’s robust transport network, featuring extensive train lines, bus, and freeway access, makes commutes to Melbourne CBD and surrounding areas a breeze.
- Unique selling points:
- Cultural diversity
- Dandenong Market
- Drum Theatre
- Potential drawbacks:
- Busy city centre
- Industrial areas
Explore more rental properties in Dandenong VIC 3175.
Consider how the suburban lifestyle contrasts with the cheapest place to live in Perth for a broader Australian living experience comparison.
2. Frankston
- Median House Rent: $450 per week for a two-bedroom unit.
- Average Unit Rent: $410 per week for a two-bedroom unit.
“Frankston is 15.0% more affordable than the Melbourne average rent of $400“
Frankston, often referred to as the gateway to the Mornington Peninsula, combines beachside charm with urban amenities, making it an attractive option for renters seeking both relaxation and convenience.
With its picturesque waterfront, Frankston Beach is a popular spot for swimming and picnics, complemented by the vibrant Frankston Waterfront Festival, which celebrates local arts, crafts, and cuisine.
Education is a key attraction, with Monash University and Chisholm TAFE providing excellent higher education options.
The Frankston Arts Centre, one of the largest in Victoria, offers a rich program of theatre, dance, and visual arts. The suburb’s infrastructure is continually improving, with recent upgrades to public transport and the Frankston Hospital enhancing its appeal.
- Unique selling points:
- Beachside charm
- Frankston Waterfront Festival
- Monash University
- Potential drawbacks:
- Limited public transport options in some areas
Explore more rental properties in Frankston VIC 3199.
3. Cranbourne
- Median House Rent: $420 per week for a two-bedroom unit.
- Average Unit Rent: $380 per week for a two-bedroom unit.
“Cranbourne is 12.5% more affordable than the Melbourne average rent of $400”
Cranbourne is a suburb that promises a blend of urban living and natural beauty, ideal for young families and individuals seeking a peaceful yet connected affordable housing.
The Royal Botanic Gardens Cranbourne is a local treasure, offering a stunning display of native flora and fauna, alongside educational programs and walking tracks.
Cranbourne is also known for its commitment to community, with numerous parks, sports clubs, and schools fostering a strong sense of belonging. The suburb’s growth is supported by the Cranbourne Park Shopping Centre and a network of roads and public transport options that provide easy access to Melbourne and surrounding areas.
- Unique selling points:
- Royal Botanic Gardens Cranbourne
- Family-friendly
- Cranbourne Park Shopping Centre
- Potential drawbacks:
- Distance from Melbourne CBD
Explore more rental properties in Cranbourne VIC 3977.
4. Pakenham
- Median House Rent: $395 per week for a two-bedroom unit.
- Average Unit Rent: $390 per week for a two-bedroom unit.
“Pakenham is 10.0% more affordable than the Melbourne average rent of $400.”
Pakenham’s reputation as a rapidly growing suburb is well-earned, with its blend of modern amenities and green spaces attracting families and professionals alike.
The suburb boasts several schools, including Pakenham Hills Primary and Pakenham Secondary College, catering to the educational needs of local children. Pakenham’s Lakeside and Heritage Springs are standout residential developments, offering community-focused living with parks, lakes, and shopping centres.
The annual Pakenham Show highlights the suburb’s community spirit, featuring local produce, crafts, and livestock. Pakenham’s strategic location on the fringe of Melbourne provides a balance between city access and country serenity.
- Unique selling points:
- Lakeside and Heritage Springs developments
- Pakenham Show
- Potential drawbacks:
- Higher crime rates than some other suburbs
Explore more rental properties in Pakenham VIC 3810.
5.Noble Park
- Median House Rent: $420 per week for a two-bedroom unit.
- Average Unit Rent: $400 per week for a two-bedroom unit.
“Noble Park is 17.5% more affordable than the Melbourne average rent of $400.”
Noble Park is a Melbourne vibrant suburb known for its affordability, diversity, and accessibility. It’s a community where cultures converge, offering a rich tapestry of experiences for its residents.
Noble Park is home to the Noble Park Aquatic Centre, a state-of-the-art facility with pools, slides, and fitness classes, serving as a focal point for family activities.
The suburb’s multicultural fabric is celebrated at the annual Noble Park Community Festival, which showcases music, dance, and food from around the world.
Schools like Noble Park English Language School and Noble Park Secondary College are key to the suburb’s educational landscape, providing quality learning opportunities.
The efficient public transport network, including the Noble Park train station, ensures easy access to Melbourne CBD and beyond.
- Unique selling points:
- Noble Park Aquatic Centre
- Noble Park Community Festival
- Multicultural
- Potential drawbacks:
- Limited nightlife options
Explore more rental properties in Noble Park VIC 3174.
Suggested reading: While you’re here, don’t miss out on our popular piece: Discover the best suburbs in Australia!
FAQ Section on Cheapest Suburbs to Rent in South East Melbourne
What are the most affordable suburbs to rent in South East Melbourne?
The most affordable suburbs to rent in South East Melbourne typically include areas like Cranbourne, Pakenham, and Frankston. These suburbs offer a variety of rental options that cater to different budgets, providing value for renters seeking cost-effective living solutions.
How can I find cheap rental properties in South East Melbourne?
To find cheap rental properties in South East Melbourne, consider using online real estate platforms and setting filters for your budget range. Additionally, exploring suburbs known for their affordability and checking community boards or social media groups dedicated to local real estate can uncover hidden gems.
What factors should I consider when looking for affordable rentals in South East Melbourne?
When looking for affordable rentals in South East Melbourne, consider factors such as proximity to public transport, local amenities, the condition of the property, and the length of the lease. Balancing cost with location and living conditions can help you find a rental that meets both your budget and lifestyle needs.
Are there any hidden costs associated with renting in South East Melbourne?
When renting in South East Melbourne, be aware of potential hidden costs such as application fees, security deposits, utility bills not included in the rent, and maintenance fees if renting in a strata-managed property. Always read the lease agreement carefully and inquire about any additional charges before signing.
How does the rental market in South East Melbourne compare to other Melbourne regions?
The rental market in South East Melbourne is generally more affordable compared to inner-city suburbs, offering a broader range of budget-friendly options.
However, prices can vary significantly based on exact location, property type, and local demand, with some areas experiencing higher rental costs due to their proximity to the city or coastal locations.
