Average rent in Parkville, VIC — 2026

Parkville runs close to the Victoria median rent of $363/week, with renters paying around $396/week (ABS Census 2021). What separates Parkville from the state norm is its renter density — 64% of households are renters, well above the typical owner-occupier mix. The suburb's dwelling stock is mixed: 2% separate houses and 61% flats or apartments, suggesting a transitional profile where higher-density development has filled in around an established residential base. Population is around 7,297, the median age is 26, and the most common occupation is Professionals. 37% of residents were born overseas. At 3km from Melbourne, Parkville typically sees more rental turnover than owner-heavy suburbs at the same price point — useful context if you're comparing applications across nearby areas.