Average rent in South Yarra - North, VIC — 2026

South Yarra - North is part of the Stonnington council area and sits 4km out from the Melbourne CBD, with around 11,192 residents at the 2021 ABS Census. Renters here typically pay $426/week, which is above the Victoria median of $363/week. About 66% of households rent — the rest are owners or paying down a mortgage.

$426/wk

ABS 2021 Census median

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Suburb at a glance

Population
11,192

ABS 2021

Median age
32
Distance to Melbourne
4 km
Households renting
66%
Separate houses
3%
Flats / apartments
94%
Born overseas
42%
Top occupation
Professionals
LGA
Stonnington

Renting in South Yarra - North

South Yarra - North sits well above the Victoria median, with the typical renter paying $426/week — that's 17% over the state-wide $363/week (ABS Census 2021). It's a renter-heavy suburb at 66%, and the housing stock leans hard into apartments and flats (94%) — the high-density profile you'd expect from inner-Melbourne. About 42% of residents were born overseas, and the most common occupation category is Professionals. At 4km 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 State rent indices (CoreLogic, Domain, SQM) suggest the 2021 baseline is already well out of date — your reported figure above is the live read.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 South Yarra - North?+
According to the ABS 2021 Census, the median weekly rent in South Yarra - North, VIC was $426. The live figure at the top of this page reflects what RenterSay users have reported more recently. State-wide rent indices suggest the 2021 number is by now well behind current asking rents — use it as a baseline, not a quote.
How does South Yarra - North rent compare to Victoria?+
At the 2021 Census, Victoria's state median rent was $363 a week. South Yarra - North sat at $426 — 17% above the state average. The suburb is 4km from Melbourne, and rent generally scales with how close you are to the CBD, transit links, and the local dwelling mix (3% separate houses, 94% flats here).
Which suburbs near South Yarra - North have lower rent?+
Nearby suburbs with lower median rents than South Yarra - North's $426/week (ABS 2021) include Rowville - Central, Abbotsford, Knoxfield - Scoresby. Wantirna, Fraser Rise - Plumpton, Wattle Glen - Diamond Creek 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

Port Melbourne Industrial

$585/wk

Balwyn North

$554/wk

Renting in VIC?

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