Suburb rental report: Parkville, VIC 3052 (2025)
Overview
Parkville is one of Melbourne’s most desirable student suburbs, located just north of the CBD and immediately adjacent to the University of Melbourne. With leafy streets, heritage buildings, and excellent access to campus, it’s especially popular with international students and research scholars. Rentals here are limited and competition is strong.
Average rent prices (2025)
Studio apartment: $610 per week
1-bedroom apartment: $730 per week
2-bedroom apartment: $960 per week
Shared room: $340 to $400 per week
Rental prices in Parkville have steadily increased, particularly around Royal Parade and Flemington Road. Apartments near the university are in high demand, and low stock makes early application essential.
Transport and location
Parkville is extremely well connected
Walk to the University of Melbourne, medical precinct, and Queen Victoria Market
Trams along Royal Parade and Flemington Road provide direct access to the CBD
Close to Royal Park, hospitals, and university research centres
Most students living in Parkville walk or take the tram to class.
Suburb vibe and lifestyle
Parkville offers a peaceful, academic feel with
Access to Royal Park’s walking trails, sports fields, and native gardens
Cafés, study hubs, and campus-adjacent eateries
A quieter, more residential atmosphere compared to Carlton or the CBD
It’s ideal for students who want calm, convenience, and focus.
Who is this suburb best for
University of Melbourne students and researchers
International post graduates and medical students
Renters who prioritise quiet, safety, and proximity to campus
Parkville is perfect for students who want to be close to uni without the distractions of city living.
Rental demand and competition
Parkville has a small rental pool
Many properties are purpose-built student apartments or university-affiliated housingPrivate listings are limited and fill quickly
Agents expect full documentation and quick decision-making
Without support, it’s easy to miss out.
FMH tip for Parkville
Parkville is highly competitive due to low availability and high interest. Find My Home helps you secure a spot by preparing standout applications, managing agent follow-up, and supporting you in multiple languages.
Final thoughts
Parkville offers one of the best combinations of location, peace, and academic focus. It’s an ideal choice for serious students, but getting in can be tough. With the right support, your application can rise to the top.
Looking to rent in Parkville
Find My Home is here to support you every step of the way, whether you’re already in Australia or just getting ready to move.
Message us on WhatsApp or visit findmyhomeaus.com to get started today.
Disclaimer: Rental prices are estimates based on publicly available listings as of 2025 and may vary. Availability and approval are not guaranteed. Find My Home provides application support and guidance but does not act as a licensed real estate agent or guarantee housing outcomes.