Neighbourhood rent guide & price overview
Typical rent
1-bed from A$2,400/mo
1-bedroom apartment, new-let market
How South Yarra / Prahran compares in Melbourne
City budget
A$1,500
/mo
City typical
A$2,300
/mo
City premium
A$3,800
/mo
Median rent in all of Melbourne: A$2,300/mo
Local renter tip for Melbourne
Preston, Reservoir, and Brunswick East offer excellent value on Melbourne's northern rail lines — typically 20–30% cheaper than equivalent inner-city apartments with similar transit access.