What’s the average rent in Melbourne right now?

Understanding current rental yields is a key consideration for Melbourne property sellers, as it impacts investment appeal and overall market value. As of December 2025, the average weekly rent in Melbourne is approximately $580, though this figure varies significantly based on property type, location, and condition.

Currently in Melbourne, particularly within the Eastern Suburbs – areas Fletchers has served since 1919 – we’re observing strong rental demand for well-presented family homes. Three-bedroom houses in suburbs like Balwyn and Doncaster are typically achieving between $600 – $750 per week, while apartments in Box Hill and Ringwood range from $450 – $600. It’s important to realise that these are averages; properties with modern features, proximity to quality schools, and convenient transport links consistently command higher rents. When preparing a property for sale in 2026, potential buyers – including investors – will often assess the likely rental income. A well-maintained property with strong rental potential can therefore be a significant advantage. Fletchers’ comprehensive property appraisals consider these rental market factors alongside comparable sales data to establish an optimal selling price. We emphasise the importance of presentation, as properties in excellent condition generally attract higher rental returns and, consequently, greater buyer interest.

Rental market conditions are a dynamic element influencing property values, and understanding these trends is crucial for a successful sale in 2026.

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