Average rent in Southbank (West) - South Wharf, VIC — 2026

Southbank (West) - South Wharf sits in the Melbourne local government area, 1km from the Melbourne CBD, with a population of around 6,463 at the most recent ABS Census (2021). The typical renter pays $430/week — above the Victoria state median of $363/week. 63% of households rent, and the rest own outright or are paying off a mortgage.

$430/wk

ABS 2021 Census median

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Suburb at a glance

Population
6,463

ABS 2021

Median age
33
Distance to Melbourne
1 km
Households renting
63%
Separate houses
0%
Flats / apartments
100%
Born overseas
58%
Top occupation
Professionals
LGA
Melbourne

Renting in Southbank (West) - South Wharf

Southbank (West) - South Wharf sits well above the Victoria median, with the typical renter paying $430/week — that's 18% over the state-wide $363/week (ABS Census 2021). It's a renter-heavy suburb at 63%, and the housing stock leans hard into apartments and flats (100%) — the high-density profile you'd expect from inner-Melbourne. About 58% of residents were born overseas, and the most common occupation category is Professionals. At 1km 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 State rent indices (CoreLogic, Domain, SQM) suggest the 2021 baseline is already well out of date — your reported figure above is the live read.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 Southbank (West) - South Wharf?+
According to the ABS 2021 Census, the median weekly rent in Southbank (West) - South Wharf, VIC was $430. 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 Southbank (West) - South Wharf rent compare to Victoria?+
At the 2021 Census, Victoria's state median rent was $363 a week. Southbank (West) - South Wharf sat at $430 — 18% above the state average. The suburb is 1km from Melbourne, and rent generally scales with how close you are to the CBD, transit links, and the local dwelling mix (0% separate houses, 100% flats here).
Which suburbs near Southbank (West) - South Wharf have lower rent?+
A few nearby suburbs come in cheaper than Southbank (West) - South Wharf's $430/week (ABS 2021): Wattle Glen - Diamond Creek, Fraser Rise - Plumpton, Wantirna. On the higher end, you've got Brunswick - North, Croydon Hills - Warranwood, Niddrie - Essendon West. Just remember that cheaper rent doesn't always mean better value — commute times, transit access, and the actual condition of the housing stock matter too. You can add to the live picture for your area using the rent submission form below.

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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