Average rent in Balmoral, QLD — 2026

Balmoral is one of the more expensive parts of Queensland to rent in — the typical renter pays $450/week, around 25% above the state median of $359/week (ABS Census 2021). Most households here own (around 63% are owners or paying a mortgage), and the suburb is mostly separate houses (62%) rather than units. That mix usually means a smaller, slower-turnover rental pool than in inner-city areas at a similar price. The suburb sits 5km from Brisbane, with a population of around 4,554 and a median age of 37. The biggest occupation category is Professionals. Renters often wait longer here, and inspections fill quickly when stock does come up.