Rent Trends for Apartments in Melbourne

May 2026

Bedroom count	Melbourne	vs Last Month
Studio	$1,307	down 13.84%
1 Bedroom	$1,295	down 5.06%
2 Bedroom	$1,625	up 1.25%
3 Bedroom	$2,200	up 4.76%
4 Bedroom	$2,600	up 1.96%

Median rent as of May 3, 2026

This May, we've analyzed our 295 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 remained the same at $1,307, while the median rent for a 1 bedroom apartment decreased by 2.85% to $1,295.

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 Hgts Apartments Grand Haven Apartments Magnolia Park Apartments University Park Apartments Sherwood Park Apartments Bowe Gardens Apartments Eagle Lake Apartments Pebble Creek Apartments

Apartment Types in Melbourne

Pet Friendly Apartments in Melbourne Cheap Apartments in Melbourne Luxury Apartments in Melbourne Move In Special Apartments in Melbourne Utilities Included Apartments in Melbourne Short Term Rentals in Melbourne

Find Your Dream Apartment for Rent in Melbourne

PadMapper has 295 condos, houses, and apartments for rent in Melbourne. Specifically, 3 studio apartments, 8 one-bedroom apartments, 7 two-bedroom apartments, 27 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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