Average rent in Otway, VIC — 2026

Otway comes in cheaper than most of Victoria — the typical renter pays $285/week, around 21% below the state median of $363/week (ABS Census 2021). Most households here own (around 76% are owners or paying down a mortgage), and only 20% rent. The suburb is overwhelmingly separate houses (91%), with very little high-density stock. Population is around 4,008, median age 52, and the most common occupation category is Managers. 16% of residents were born overseas. At 153km from Melbourne, Otway typically sits outside the inner-ring rent pressure zone — but state rent indices since 2021 have moved a lot, so the live figure above is a better current guide than the Census baseline.