Average rent in Mount Eliza, VIC — 2026

Mount Eliza is part of the Mornington Peninsula council area and sits 44km out from the Melbourne CBD, with around 18,734 residents at the 2021 ABS Census. Renters here typically pay $512/week, which is above the Victoria median of $363/week. About 8% of households rent — the rest are owners or paying down a mortgage.

$512/wk

ABS 2021 Census median

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Suburb at a glance

Population
18,734

ABS 2021

Median age
45
Distance to Melbourne
44 km
Households renting
8%
Separate houses
92%
Flats / apartments
4%
Born overseas
22%
Top occupation
Professionals
LGA
Mornington Peninsula

Renting in Mount Eliza

Mount Eliza is one of the more expensive parts of Victoria to rent in — the typical renter pays $512/week, around 41% above the state median of $363/week (ABS Census 2021). Most households here own (around 90% are owners or paying a mortgage), and the suburb is mostly separate houses (92%) 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 44km from Melbourne, with a population of around 18,734 and a median age of 45. The biggest occupation category is Professionals. Renters often wait longer here, and inspections fill quickly when stock does come up.

Frequently asked questions

What's the median rent in Mount Eliza?+
According to the ABS 2021 Census, the median weekly rent in Mount Eliza, VIC was $512. 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 Mount Eliza rent compare to Victoria?+
The Victoria state median weekly rent was $363 at the 2021 Census, while Mount Eliza came in at $512 — 41% above. Mount Eliza sits 44km from Melbourne, and rent tends to scale roughly with CBD proximity, transit access, and dwelling type mix (which here is 92% separate houses and 4% flats).
Which suburbs near Mount Eliza have lower rent?+
Nearby suburbs with lower median rents than Mount Eliza's $512/week (ABS 2021) include Aspendale Gardens - Waterways, Richmond (South) - Cremorne, Bentleigh East - North. Templestowe, Keysborough - South, Port Melbourne sit above. Bear in mind that lower nominal rent doesn't always reflect better value once you factor in commute time, transit access, and housing condition — the rent submission form below lets you contribute to the live picture for your area.

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

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