Average rent in South Yarra - South, VIC — 2026

South Yarra - South runs close to the Victoria median rent of $363/week, with renters paying around $395/week (ABS Census 2021). What separates South Yarra - South from the state norm is its renter density — 59% of households are renters, well above the typical owner-occupier mix. The suburb's dwelling stock is mixed: 13% separate houses and 63% flats or apartments, suggesting a transitional profile where higher-density development has filled in around an established residential base. Population is around 9,939, the median age is 35, and the most common occupation is Professionals. 36% of residents were born overseas. At 4km from Melbourne, South Yarra - South typically sees more rental turnover than owner-heavy suburbs at the same price point — useful context if you're comparing applications across nearby areas.