Average rent in Balwyn, VIC — 2026

Balwyn commands one of the higher rent points in Victoria, with the typical renter paying $461/week — about 27% above the state median of $363/week (ABS Census 2021). Unlike inner-city renter hubs, this suburb skews owner-occupier (70% own outright or with a mortgage), and the housing stock is overwhelmingly separate houses (60%). The renter cohort is smaller but rent itself tends to be sticky — there's typically less turnover than in higher-density nearby suburbs. Population sits around 16,163, the median age is 43, and the most common occupation category is Professionals. Balwyn is 10km from Melbourne. If you're searching here, expect longer search times and tighter inspection windows than denser markets nearby.