Average rent in Templestowe Lower, VIC — 2026

Templestowe Lower sits in the Manningham local government area, 14km from the Melbourne CBD, with a population of around 14,191 at the most recent ABS Census (2021). The typical renter pays $475/week — above the Victoria state median of $363/week. 18% of households rent, and the rest own outright or are paying off a mortgage.

$475/wk

ABS 2021 Census median

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Suburb at a glance

Population
14,191

ABS 2021

Median age
45
Distance to Melbourne
14 km
Households renting
18%
Separate houses
81%
Flats / apartments
1%
Born overseas
40%
Top occupation
Professionals
LGA
Manningham

Renting in Templestowe Lower

Templestowe Lower is one of the more expensive parts of Victoria to rent in — the typical renter pays $475/week, around 31% above the state median of $363/week (ABS Census 2021). Most households here own (around 80% are owners or paying a mortgage), and the suburb is mostly separate houses (81%) rather than units. That mix usually means a smaller, slower-turnover rental pool than in inner-city areas at a similar price. The suburb sits 14km from Melbourne, with a population of around 14,191 and a median age of 45. The biggest occupation category is Professionals. Renters often wait longer here, and inspections fill quickly when stock does come up.

Frequently asked questions

What's the median rent in Templestowe Lower?+
Based on ABS Census 2021 data, the median weekly rent for households in Templestowe Lower, VIC was $475. 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 Templestowe Lower rent compare to Victoria?+
The Victoria state median weekly rent was $363 at the 2021 Census, while Templestowe Lower came in at $475 — 31% above. Templestowe Lower sits 14km from Melbourne, and rent tends to scale roughly with CBD proximity, transit access, and dwelling type mix (which here is 81% separate houses and 1% flats).
Which suburbs near Templestowe Lower have lower rent?+
A few nearby suburbs come in cheaper than Templestowe Lower's $475/week (ABS 2021): Rowville - South, Hampton, Mount Waverley - South. On the higher end, you've got East Melbourne, Plenty - Yarrambat, Fitzroy North. 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

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