Seeking the best suburb to rent in Sydney in 2023? From the sun-kissed beaches of the Eastern Suburbs to the bustling streets of the CBD, Sydney offers a diverse array of suburbs that cater to every lifestyle and budget.
In this guide, we’ll uncover the top suburbs for renters in Sydney, considering factors like affordability, safety, and community vibes. Whether you’re a beach lover yearning for the Eastern Suburbs’ ocean views or a city dweller seeking the convenience of the CBD, this article has got you covered.
“Finding a place to rent in Sydney can be challenging due to the high demand and low vacancy rates. As of August 2023, Sydney’s vacancy rate is at 1.0%, indicating a competitive rental market.”
We’ll also dive into areas that strike the perfect balance between cost and lifestyle, like the Lower North Shore and Sydney’s Inner West. So, if you’re planning to rent in Sydney, read on to discover the suburb that best fits your needs and dreams.
Beach Vibes and City Lights: Discover Sydney’s Eastern Suburbs
The Eastern Suburbs of Sydney are a renter’s paradise, offering stunning beach views and a laid-back lifestyle. This area, encompassing Bondi Beach, Clovelly, Coogee, Tamarama, Bronte Beach, and Bondi Junction, is ideal for those who dream of living close to the sea.
The Eastern Suburbs are not just about golden sands and surf; they also boast a vibrant community, bustling cafes, and easy access to the city. However, it’s worth noting that public transport here mainly relies on buses, as there’s no direct train service to the beaches.
In terms of rent, Sydney remains the country’s most expensive rental market, with the typical dwelling costing $778 per week for houses and $688 per week for units
Bondi Junction serves as the main transport hub, connecting residents to the city and other areas. In terms of rent, expect to pay a premium for these beachside locales, especially if you’re eyeing properties with ocean views or within walking distance to the beach.
The Lower North Shore’s Hidden Gems
Looking for a suburb that offers stunning harbour views without breaking the bank? The Lower North Shore might just be your answer. Suburbs like Kirribilli, Neutral Bay, and Cammeray offer excellent housing options that might surprise you with their affordability.
“Imagine renting a cozy apartment right opposite the iconic Sydney Opera House for around $700 per week – it’s possible in this part of Sydney.”
The Lower North Shore is known for its serene streets, lush green parks, and fantastic eateries, all complemented by the breathtaking views of Sydney Harbour. These suburbs provide a peaceful retreat from the city’s hustle and bustle while remaining just a stone’s throw away from the CBD’s vibrant lifestyle.
Suburbs such as Mosman in the Lower North Shore rank among the safest in Sydney, offering a secure environment for families and professionals
Sydney CBD and Inner West’s Best Kept Secrets
Sydney CBD: A Vibrant Urban Core
For those who thrive in the energetic pulse of the city, areas like Surry Hills, Darlinghurst, Paddington, Balmain, and Glebe are the top picks in Sydney CBD.
These suburbs are the epitome of urban living, offering unmatched convenience with easy access to city amenities, shopping districts, and a plethora of entertainment options.
The blend of modern apartments and historical architecture adds a unique charm to these neighbourhoods.
Sydney’s Inner West: An Artistic and Affordable Haven
The Inner West of Sydney is a magnet for those seeking an artistic, alternative atmosphere coupled with affordability. This area stands out for its eclectic mix of cultures, vibrant street art, and a strong sense of community.
Renowned for its diverse dining options, live music venues, and thrift shops, the Inner West is ideal for renters who appreciate a blend of contemporary living and cultural richness.
Sydney’s Most Affordable and Secure Suburbs
Cheapest Areas: Affordable Living in Sydney’s Suburbs
For budget-conscious renters, suburbs like Carramar in the Parramatta region, and others in Sydney’s South West such as Cabramatta, Canley Vale, Fairfield, and Warwick Farm offer some of the city’s most affordable rentals.
These areas are known for their multicultural communities and variety of housing options, providing a cost-effective solution for those looking to save on rent.
| Suburb | Median House Price (AUD) | Distance from Sydney CBD (km) |
|---|---|---|
| Carramar | $329,000 (for apartments) | 30 km (west of CBD) |
| Cabramatta | $410,000 (for units) | 34 km |
| Fairfield | $418,000 (for units) | 24 km (road distance 31.1 km) |
| Warwick Farm | $358,000 (for units) | 36 km |
For Singles: Vibrant and Convenient Suburbs
Single renters often look for areas that offer a blend of social opportunities and convenience.
Suburbs like Lavender Bay, Huntley’s Point, North Sydney, and Kirribilli are highly suitable, offering easy access to the city, bustling social scenes, and beautiful views, making them perfect for single lifestyles.
Where should you rent?
Ultimately, choosing the best area to rent in Sydney hinges on individual preferences and needs. While families may gravitate towards the affordable options in the South West, those seeking a vibrant urban lifestyle may find their home in the Inner West, Eastern Suburbs, or the Sydney CBD.
Each suburb offers a unique living experience, tailored to different lifestyles and budgets.
For a wider selection of options, exploring apartments for rent in Sydney can provide additional insights into what’s available in these diverse areas.
Discover Your Ideal City: If you’re enjoying this read, don’t miss out on our guide on which city has the highest rent in Australia?
FAQs on ‘Where is Best to Rent in Sydney’
What is the minimum salary to live comfortably in Sydney?
According to general estimates, a comfortable living in Sydney requires a yearly salary between AUD 70,000 and AUD 100,000. This range takes into account the high cost of living in the city, influenced by personal lifestyle and spending habits.
Why is renting in Sydney so expensive?
The rental market in Sydney has been impacted by a housing shortage, as reported by various sources. This shortage has led to increased competition for available rental homes, subsequently driving up rental costs. This trend makes it challenging for many Australians to find affordable housing in Sydney.
Where do people move when leaving Sydney?
Lake Macquarie has emerged as a highly desirable location for those moving out of Sydney, offering natural beauty, more affordable homes, and a laid-back lifestyle. This shift in preference is driven by Sydneysiders looking for an escape from the city life to regional NSW areas.
