Average rent in Mount Waverley - North, VIC — 2026

Mount Waverley - North is part of the Monash council area and sits 16km out from the Melbourne CBD, with around 16,073 residents at the 2021 ABS Census. Renters here typically pay $485/week, which is above the Victoria median of $363/week. About 24% of households rent — the rest are owners or paying down a mortgage.

$485/wk

ABS 2021 Census median

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Suburb at a glance

Population
16,073

ABS 2021

Median age
40
Distance to Melbourne
16 km
Households renting
24%
Separate houses
72%
Flats / apartments
21%
Born overseas
49%
Top occupation
Professionals
LGA
Monash

Renting in Mount Waverley - North

Mount Waverley - North is one of the more expensive parts of Victoria to rent in — the typical renter pays $485/week, around 34% above the state median of $363/week (ABS Census 2021). Most households here own (around 73% are owners or paying a mortgage), and the suburb is mostly separate houses (72%) 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 16km from Melbourne, with a population of around 16,073 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.

Frequently asked questions

What's the median rent in Mount Waverley - North?+
Based on ABS Census 2021 data, the median weekly rent for households in Mount Waverley - North, VIC was $485. Where renters have submitted recent reports through RenterSay, the live figure shown above reflects post-2021 changes. State rent indices like CoreLogic and Domain suggest the 2021 baseline is now several years stale — treat it as the historical anchor, not the current asking price.
How does Mount Waverley - North rent compare to Victoria?+
At the 2021 Census, Victoria's state median rent was $363 a week. Mount Waverley - North sat at $485 — 34% above the state average. The suburb is 16km from Melbourne, and rent generally scales with how close you are to the CBD, transit links, and the local dwelling mix (72% separate houses, 21% flats here).
Which suburbs near Mount Waverley - North have lower rent?+
Nearby suburbs with lower median rents than Mount Waverley - North's $485/week (ABS 2021) include Caulfield - South, Fitzroy North, Wheelers Hill. Sandringham - Black Rock, Northcote - West, Camberwell 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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