Average rent in Highett (East) - Cheltenham, VIC — 2026

Highett (East) - Cheltenham is one of the more expensive parts of Victoria to rent in — the typical renter pays $421/week, around 16% above the state median of $363/week (ABS Census 2021). Most households here own (around 70% are owners or paying a mortgage), and the suburb is mostly separate houses (54%) 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 19km from Melbourne, with a population of around 24,085 and a median age of 40. The biggest occupation category is Professionals. Renters often wait longer here, and inspections fill quickly when stock does come up.