Average rent in Port Melbourne Industrial, VIC — 2026

Port Melbourne Industrial is part of the Melbourne council area and sits 5km out from the Melbourne CBD, with around 1,907 residents at the 2021 ABS Census. Renters here typically pay $585/week, which is above the Victoria median of $363/week. About 60% of households rent — the rest are owners or paying down a mortgage.

$585/wk

ABS 2021 Census median

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Suburb at a glance

Population
1,907

ABS 2021

Median age
32
Distance to Melbourne
5 km
Households renting
60%
Separate houses
0%
Flats / apartments
54%
Born overseas
44%
Top occupation
Professionals
LGA
Melbourne

Renting in Port Melbourne Industrial

Port Melbourne Industrial sits well above the Victoria median, with the typical renter paying $585/week — that's 61% over the state-wide $363/week (ABS Census 2021). It's a renter-heavy suburb at 60%, and the housing stock leans hard into apartments and flats (54%) — the high-density profile you'd expect from inner-Melbourne. About 44% of residents were born overseas, and the most common occupation category is Professionals. At 5km from the Melbourne CBD, the rent premium tracks proximity to jobs, transit, and lifestyle. If you're applying here, expect competition and fast market times. State rent indices (CoreLogic, Domain, SQM) suggest the 2021 baseline is already well out of date — your reported figure above is the live read.

Frequently asked questions

What's the median rent in Port Melbourne Industrial?+
Based on ABS Census 2021 data, the median weekly rent for households in Port Melbourne Industrial, VIC was $585. 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 Port Melbourne Industrial rent compare to Victoria?+
The Victoria state median weekly rent was $363 at the 2021 Census, while Port Melbourne Industrial came in at $585 — 61% above. Port Melbourne Industrial sits 5km from Melbourne, and rent tends to scale roughly with CBD proximity, transit access, and dwelling type mix (which here is 0% separate houses and 54% flats).
Which suburbs near Port Melbourne Industrial have lower rent?+
Nearby suburbs with lower median rents than Port Melbourne Industrial's $585/week (ABS 2021) include Balwyn North, Carlton North - Princes Hill, Port Melbourne. Brighton (Vic.), Brighton East, Beaumaris 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

Balwyn North

$554/wk

Carlton North - Princes Hill

$541/wk

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