Average rent in Mount Waverley - South, VIC — 2026

Mount Waverley - South is part of the Monash council area and sits 17km out from the Melbourne CBD, with around 19,265 residents at the 2021 ABS Census. Renters here typically pay $470/week, which is above the Victoria median of $363/week. About 24% of households rent — the rest are owners or paying down a mortgage.

$470/wk

ABS 2021 Census median

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Suburb at a glance

Population
19,265

ABS 2021

Median age
40
Distance to Melbourne
17 km
Households renting
24%
Separate houses
66%
Flats / apartments
21%
Born overseas
46%
Top occupation
Professionals
LGA
Monash

Renting in Mount Waverley - South

Mount Waverley - South commands one of the higher rent points in Victoria, with the typical renter paying $470/week — about 29% above the state median of $363/week (ABS Census 2021). Unlike inner-city renter hubs, this suburb skews owner-occupier (74% own outright or with a mortgage), and the housing stock is overwhelmingly separate houses (66%). 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 19,265, the median age is 40, and the most common occupation category is Professionals. Mount Waverley - South is 17km from Melbourne. If you're searching here, expect longer search times and tighter inspection windows than denser markets nearby.

Frequently asked questions

What's the median rent in Mount Waverley - South?+
Based on ABS Census 2021 data, the median weekly rent for households in Mount Waverley - South, VIC was $470. 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 - South rent compare to Victoria?+
The Victoria state median weekly rent was $363 at the 2021 Census, while Mount Waverley - South came in at $470 — 29% above. Mount Waverley - South sits 17km from Melbourne, and rent tends to scale roughly with CBD proximity, transit access, and dwelling type mix (which here is 66% separate houses and 21% flats).
Which suburbs near Mount Waverley - South have lower rent?+
Nearby suburbs with lower median rents than Mount Waverley - South's $470/week (ABS 2021) include Kew East, Surrey Hills (East) - Mont Albert, Yarraville. Rowville - South, Hampton, Templestowe Lower 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

Renting in VIC?

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