Average rent in Frankston, VIC — 2026

Frankston runs roughly with the Victoria state median — renters typically pay $335/week, close to the $363/week state baseline (ABS Census 2021). Most households here own (55% are owners or paying off a mortgage) and only 42% rent. Separate houses dominate the housing stock (66%), which gives the suburb a quieter, family-leaning feel — borne out by a median age of 39 and a population around 23,586. The most common occupation is Professionals, and 23% of residents were born overseas. Frankston is 41km from Melbourne, and rent trajectories here tend to track the state average rather than running ahead of it — but state rent indices have moved since 2021, so double-check against the live figure above.