Average rent in Southbank - East, VIC — 2026

Southbank - East sits in the Melbourne local government area, 1km from the Melbourne CBD, with a population of around 16,101 at the most recent ABS Census (2021). The typical renter pays $408/week — above the Victoria state median of $363/week. 69% of households rent, and the rest own outright or are paying off a mortgage.

$408/wk

ABS 2021 Census median

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Suburb at a glance

Population
16,101

ABS 2021

Median age
31
Distance to Melbourne
1 km
Households renting
69%
Separate houses
0%
Flats / apartments
98%
Born overseas
63%
Top occupation
Professionals
LGA
Melbourne

Renting in Southbank - East

Southbank - East sits well above the Victoria median, with the typical renter paying $408/week — that's 12% over the state-wide $363/week (ABS Census 2021). It's a renter-heavy suburb at 69%, and the housing stock leans hard into apartments and flats (98%) — the high-density profile you'd expect from inner-Melbourne. About 63% 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 State rent indices (CoreLogic, Domain, SQM) suggest the 2021 baseline is already well out of date — your reported figure above is the live read.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 - East?+
Based on ABS Census 2021 data, the median weekly rent for households in Southbank - East, VIC was $408. 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 Southbank - East rent compare to Victoria?+
The Victoria state median weekly rent was $363 at the 2021 Census, while Southbank - East came in at $408 — 12% above. Southbank - East sits 1km from Melbourne, and rent tends to scale roughly with CBD proximity, transit access, and dwelling type mix (which here is 0% separate houses and 98% flats).
Which suburbs near Southbank - East have lower rent?+
Nearby suburbs with lower median rents than Southbank - East's $408/week (ABS 2021) include Mitcham (Vic.), Ferntree Gully (South) - Upper Ferntree Gully, Dromana. Malvern - Glen Iris, Croydon South, Blackburn South 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

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