Average rent in Phillip Island, VIC — 2026

Phillip Island runs roughly with the Victoria state median — renters typically pay $330/week, close to the $363/week state baseline (ABS Census 2021). Most households here own (73% are owners or paying off a mortgage) and only 22% rent. Separate houses dominate the housing stock (89%), which gives the suburb a quieter, family-leaning feel — borne out by a median age of 52 and a population around 13,799. The most common occupation is Professionals, and 17% of residents were born overseas. Phillip Island is 80km from Melbourne, and rent trajectories here tend to track the state average rather than running ahead of it — but state rent indices have moved since 2021, so double-check against the live figure above.