Suburb Rental Report: North Melbourne, VIC 3051 (2025)
Overview
North Melbourne is a favourite among students and young professionals seeking a central location near the University of Melbourne, RMIT, and the CBD—without the premium prices of Carlton or Parkville. With its mix of heritage terraces, modern apartments, and a growing café culture, it’s a vibrant and diverse suburb that offers both convenience and charm. Just be aware: competition is strong.
Average Rent Prices (2025)
Studio apartment: $580 per week
1-bedroom apartment: $700 per week
2-bedroom apartment: $930 per week
Shared room: $320–$380 per week
Rent prices in North Melbourne have increased steadily, especially as more students look for affordable alternatives close to the city. Well-located and well-maintained properties often lease within days.
Transport and Location
North Melbourne is well connected and easy to navigate:
10–15 minute walk to the University of Melbourne or RMIT
Tram lines on Victoria Street and bus routes to the city
Minutes from Queen Victoria Market, Flagstaff Gardens, and nearby hospitals
It’s ideal for those who want inner-city convenience with a calmer, community-focused vibe.
Suburb Vibe and Lifestyle
North Melbourne offers a great mix of energy and ease:
Cosy cafés, grocers, and bakeries along Errol Street
Trendy bars, live music venues, and art spaces
A balance between student activity and family-friendly living
It’s perfect for students who love to study hard but also enjoy a social lifestyle.
Who Is This Suburb Best For?
Students at the University of Melbourne and RMIT
International students and first-time renters
Young professionals working or studying in the city
North Melbourne offers city living without the stress.
Rental Demand and Competition
Properties near Errol Street and public transport are snapped up fast
Shared houses are common but often filled through word-of-mouth
Agents favour organised and complete applications
Being well-prepared can make all the difference.
FMH tip for North Melbourne
This suburb moves fast. Find My Home helps you stay ahead by managing the entire application process, from preparing documents to contacting agents. We handle the hard parts so you can focus on the fun part: moving into your new home.
Final thoughts
North Melbourne is a hidden gem for renters, offering the perfect blend of access, lifestyle, and affordability. But with demand on the rise, acting fast is essential.
Thinking of renting in North Melbourne?
Let Find My Home support you from start to finish. We’ll help you find the right place, apply smoothly, and get settled stress-free.
Message us on WhatsApp or visit findmyhomeaus.com to get started.
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.