Rental market inSouth Melbourne VIC 3205
The rental market
Median rent, history and gross-yield calculations for South Melbourne, VIC 3205.
Current rent
What it costs to rent here right now.
House (median)
$650/wk
Unit (median)
–
3 bedroom
–
2 bedroom
–
1 bedroom
–
Rental data as of September 2025· rental-vic
Investor view
Rental yield versus purchase price.
Median house price
$1,760,000
Median weekly rent
$650/wk
Gross rental yield
1.92%
Gross yield = (weekly rent × 52) ÷ median house price × 100. Does not account for expenses, vacancy, or management fees. Use the rental yield calculator for a net-yield estimate.
History
How rents have moved.
| Period | House median | Unit median |
|---|---|---|
| 2025-Q3 | $650/wk | – |
| 2025-Q3 | $950/wk | $700/wk |
Active listings
Properties for rent in South Melbourne.
Browse current rental listings.