Average rent in Albert Park, VIC — 2026

Albert Park is part of the Port Phillip council area and sits 4km out from the Melbourne CBD, with around 15,825 residents at the 2021 ABS Census. Renters here typically pay $493/week, which is above the Victoria median of $363/week. About 44% of households rent — the rest are owners or paying down a mortgage.

$493/wk

ABS 2021 Census median

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Suburb at a glance

Population
15,825

ABS 2021

Median age
41
Distance to Melbourne
4 km
Households renting
44%
Separate houses
10%
Flats / apartments
54%
Born overseas
34%
Top occupation
Professionals
LGA
Port Phillip

Renting in Albert Park

Albert Park sits well above the Victoria median, with the typical renter paying $493/week — that's 36% over the state-wide $363/week (ABS Census 2021). It's a renter-heavy suburb at 44%, and the housing stock leans hard into apartments and flats (54%) — the high-density profile you'd expect from inner-Melbourne. About 34% of residents were born overseas, and the most common occupation category is Professionals. At 4km from the Melbourne CBD, the rent premium tracks proximity to jobs, transit, and lifestyle. If you're applying here, expect competition and fast market times. State rent indices (CoreLogic, Domain, SQM) suggest the 2021 baseline is already well out of date — your reported figure above is the live read.

Frequently asked questions

What's the median rent in Albert Park?+
According to the ABS 2021 Census, the median weekly rent in Albert Park, VIC was $493. The live figure at the top of this page reflects what RenterSay users have reported more recently. State-wide rent indices suggest the 2021 number is by now well behind current asking rents — use it as a baseline, not a quote.
How does Albert Park rent compare to Victoria?+
At the 2021 Census, Victoria's state median rent was $363 a week. Albert Park sat at $493 — 36% above the state average. The suburb is 4km from Melbourne, and rent generally scales with how close you are to the CBD, transit links, and the local dwelling mix (10% separate houses, 54% flats here).
Which suburbs near Albert Park have lower rent?+
A few nearby suburbs come in cheaper than Albert Park's $493/week (ABS 2021): Bentleigh - McKinnon, Northcote - West, Camberwell. On the higher end, you've got Mount Martha, Vermont South, Doncaster East - North. Just remember that cheaper rent doesn't always mean better value — commute times, transit access, and the actual condition of the housing stock matter too. You can add to the live picture for your area using the rent submission form below.

Nearby suburbs in VIC

Tarneit - Central

$380/wk

Beaumaris

$612/wk

Brighton East

$602/wk

Brighton (Vic.)

$600/wk

Port Melbourne Industrial

$585/wk

Balwyn North

$554/wk

Renting in VIC?

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