Rent Trends for Apartments in Melbourne

August 2026

Bedroom count	Melbourne	vs Last Month
Studio	$1,152	down 11.45%
1 Bedroom	$1,323	down 4.89%
2 Bedroom	$1,600	No change
3 Bedroom	$2,095	down 0.24%
4 Bedroom	$2,655	up 6.20%

Median rent as of August 9, 2026

This August, we've analyzed our 264 listings in Melbourne to determine the rent trend. We're updating our tables in real time to give you the most up to date Melbourne median apartment rent prices by bedroom count.

The median rent for a studio apartment decreased by 3.19% to $1,152, while the median rent for a 1 bedroom apartment increased by 1.77% to $1,323.

Cities Near Melbourne

Indian Harbour Beach Apartments Satellite Beach Apartments Palm Shores Apartments West Melbourne Apartments June Park Apartments Indialantic Apartments South Patrick Shores Apartments Melbourne Beach Apartments Viera East Apartments Viera West Apartments

Top Neighborhoods in Melbourne

Magnolia Park Apartments Magnolia Hgts Apartments Sherwood Park Apartments University Park Apartments Grand Haven Apartments Bowe Gardens Apartments Crown Heights Apartments Sonesta Walk Apartments

Apartment Types in Melbourne

Short Term Rentals in Melbourne

Find Your Dream Apartment for Rent in Melbourne

PadMapper has 264 condos, houses, and apartments for rent in Melbourne. Specifically, 3 studio apartments, 5 one-bedroom apartments, 14 two-bedroom apartments, 29 three-bedroom apartments are currently available for rent.

We have options to filter by price, bedroom count, bathroom count, long-term or short-term, housing type, pet friendly, no broker fee, and you can search for an apartment by custom keywords.

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