Average rent in Toorak, VIC — 2026

Toorak is part of the Stonnington council area and sits 6km out from the Melbourne CBD, with around 12,953 residents at the 2021 ABS Census. Renters here typically pay $490/week, which is above the Victoria median of $363/week. About 31% of households rent — the rest are owners or paying down a mortgage.

$490/wk

ABS 2021 Census median

Where rent has gone since 2021 is unknown — up or down? Be the first to report it and help everyone else searching Toorak.

Report rent for Toorak

Anonymous. Your report improves accuracy for everyone searching rent in this suburb.

Select a quarter to report

No reports yet
Q1
Q2
Q3
Q4
2021
2022
2023
2024
2025
2026

Selected: 2026 Q2

$

Checking you're human — this keeps spam submissions out of the data.

Anonymous. We don't store your identity or link this to any account. Reports are aggregated into suburb-level statistics only.

Suburb at a glance

Population
12,953

ABS 2021

Median age
47
Distance to Melbourne
6 km
Households renting
31%
Separate houses
30%
Flats / apartments
50%
Born overseas
31%
Top occupation
Professionals
LGA
Stonnington

Renting in Toorak

Toorak sits well above the Victoria median, with the typical renter paying $490/week — that's 35% over the state-wide $363/week (ABS Census 2021). It's a renter-heavy suburb at 31%, and the housing stock leans hard into apartments and flats (50%) — the high-density profile you'd expect from inner-Melbourne. About 31% of residents were born overseas, and the most common occupation category is Professionals. At 6km 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 State rent indices (CoreLogic, Domain, SQM) suggest the 2021 baseline is already well out of date — your reported figure above is the live read.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 Toorak?+
According to the ABS 2021 Census, the median weekly rent in Toorak, VIC was $490. 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 Toorak rent compare to Victoria?+
The Victoria state median weekly rent was $363 at the 2021 Census, while Toorak came in at $490 — 35% above. Toorak sits 6km from Melbourne, and rent tends to scale roughly with CBD proximity, transit access, and dwelling type mix (which here is 30% separate houses and 50% flats).
Which suburbs near Toorak have lower rent?+
Nearby suburbs with lower median rents than Toorak's $490/week (ABS 2021) include Sandringham - Black Rock, Mount Waverley - North, Caulfield - South. Bentleigh - McKinnon, Albert Park, Vermont 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

Renting in VIC?

Know your rights as a renter — state laws, repair obligations, bond rules and more.

VIC renter resources →

Contact us · Privacy · Terms