Overview
Southbank is one of Melbourne’s most dynamic inner-city suburbs, located just across the Yarra River from the CBD. Known for its skyscrapers, arts precinct, and riverside dining, it’s a popular base for students at RMIT, University of Melbourne, and nearby campuses. Its close proximity to the city and modern apartments make it especially attractive to international students.
Average Rent Prices (2025)
Studio Apartment: $530 per week
1-Bedroom Apartment: $620 per week
2-Bedroom Apartment: $790 per week
Shared Room: $270–$340 per week
The suburb is dominated by high-rise apartments with modern amenities, many offering gym, pool, and security facilities. Demand is strong as students balance lifestyle and convenience.
Transport & Location
Short walk or tram ride across the Yarra River to Melbourne CBD
10–15 minutes to RMIT and University of Melbourne by tram
Easy access to Flinders Street Station
Suburb Vibe & Lifestyle
Urban, modern, and fast-paced
Home to Crown Casino and Melbourne’s Arts Precinct
Riverside restaurants and nightlife
Popular for students wanting entertainment at their doorstep
Who Is This Suburb Best For?
RMIT and University of Melbourne students wanting city living
Renters who enjoy nightlife and convenience
Students preferring modern apartments with amenities
Southbank’s Rental Demand & Competition
Southbank’s apartments are highly competitive, with international students and young professionals driving demand. Group share applications are common for larger apartments.
Find My Home Tip
Southbank’s modern apartments are in high demand. Find My Home helps ensure your application is noticed and submitted on time.
Looking to rent in these suburbs?
Find My Home supports you every step of the way, whether you’re new to Australia or renting for the very first time.
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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.