The ongoing global financial meltdown has led to an unprecedented rate of unemployment and job loss. According to the International Labour Organisation, fifty million jobs have, so far, been lost this year. This has left many tenants in many parts of Australia struggling to pay rent.
Because of this, many tenants living in the leafy suburbs of Adelaide are now considering downsizing and moving to more affordable areas in the city. Fortunately, there are many areas where you can find cheap houses for rent in Adelaide–this article will dive into what areas of Adelaide are the cheapest to rent.
What’s the Average Rent in Adelaide?
The average rent in Adelaide per week is $405 for houses and $340 for rental units. According to the latest reports from Domain Rental, the average rent in Adelaide has increased by 2.5% for houses and 6.3% for units since the last quarter. The report also indicates that the average rent in the coastal city reached its peak in 2020 following a steady rise since 2017.
So, the majority of rental properties in Adelaide are generally over-the-top, but this doesn’t mean that you can’t find a cheap house in the capital city of South Australia–you just have to improve your search criteria. For instance, you should start by learning some effective tips on renting a property in Adelaide and use an Adelaide rent calculator to know which properties fall within your budget.
Here are the main areas to focus on when searching for cheap rental properties in Adelaide:
Brooklyn Park
Apart from having friendly neighbours, greenery, and a tranquil environment, Brooklyn Park also has some of the most affordable rental properties in South Australia. The average rent in this area is $283 per week, which has enabled a large portion of the population in this suburb to comfortably live in rentals.
It’s also surrounded by all the necessary amenities, making it affordable for the residents to access facilities like schools, hospitals, shopping centres, and recreational spaces without spending a lot of money commuting.
West Beach
The proximity of West Beach to the city makes it a perfect residential location; it also offers all the necessary amenities like hospitals, shopping centres, schools, and recreational facilities. So, you won’t have to spend money travelling to the city to access these services. Plus, the median rent in this area is quite low, making it perfect for low-income earners–the average rent in West Beach is only $298 per week.
Elizabeth Grove
Elizabeth Groove is one of the few suburbs in Adelaide with the cheapest rentals. Its average rent per week is only $251, making it a perfect place to live if you are not financially stable. It’s also a great place to settle in if you love living in a quiet, serene environment. The area has a lot of greenery and fresh air.
Smithfield Plains
Apart from having low median rent, Smithfield Plains also features a lot of new properties, schools, town centres, and recreational facilities. Its average rent per week is only $278. The area has a lot of greenery and fresh air, and comprises twelve parks that cover about 19% of the total area, making it a nice place to live if you can’t afford an expensive rental home.
Davoren Park
Davoren Park is considered to be one of the most family-friendly suburbs in South Australia. It has a lot of greenery, fresh air, privacy, great neighbourhoods, and overall security. Although the area is a bit populated, it has the cheapest rentals–the average rent per week in Davoren Park is only $251. It’s also known for its low cost of living, health care, and education.
Clarence Park
Known for its greenery and serene environment, Clarence Park is a perfect location for low-income earners; the average rent in this area is about $300. It’s also close to important amenities like schools, health centres, shopping malls, and eateries. Despite its low meridian rent, this area is known to offer top-of-the-range services such as security, public transport, great neighbourhoods, and cleanliness.
Ready to take a look at available, affordable rental properties in these neighbourhoods? Soho’s got you covered–check out our available listings today!
