Average rent in Balwyn North, VIC — 2026

Balwyn North commands one of the higher rent points in Victoria, with the typical renter paying $554/week — about 53% above the state median of $363/week (ABS Census 2021). Unlike inner-city renter hubs, this suburb skews owner-occupier (78% own outright or with a mortgage), and the housing stock is overwhelmingly separate houses (83%). 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 21,123, the median age is 42, and the most common occupation category is Professionals. Balwyn North is 11km from Melbourne. If you're searching here, expect longer search times and tighter inspection windows than denser markets nearby.