Average rent in Preston - East, VIC — 2026

Preston - East sits close to the Victoria median, with renters typically paying $391/week — within striking distance of the state-wide $363/week baseline (ABS Census 2021). The suburb is largely owner-occupied: 54% of households own outright or with a mortgage, and only 43% rent. Housing stock is dominated by separate houses (54%), giving the suburb a settled, family-oriented character that's reflected in the median age of 36 and a population of around 20,711. The most common occupation is Professionals, and 34% of residents were born overseas. 9km from Melbourne, Preston - East is the kind of mid-market suburb that usually sees stable rent trajectories rather than rapid spikes — though state rent indices since 2021 are worth checking against your reported figure above.