Caulfield is an established inner south-east suburb of Melbourne, located approximately 10 kilometres from the Melbourne CBD. Positioned along major tram routes and the Frankston train line, it offers strong public transport connectivity and access to education precincts. The suburb features a mix of apartment buildings, townhouses, and older homes, making it appealing to a wide range of renters. Caulfield is particularly popular with students and young professionals due to its proximity to Monash University Caulfield campus and its relatively direct commute to the city.
Average Rent Prices (2026)
- Studio: $470 to $560 per week
- 1 bedroom: $590 to $700 per week
- 2 bedroom: $740 to $880 per week
- Share house: $240 to $330 per week
What the Suburb Offers
Transport and Location
Caulfield Station is a major transport hub on the Frankston, Pakenham, and Cranbourne train lines, offering frequent services to Melbourne CBD and surrounding suburbs. Multiple tram routes also service the area, providing additional commuting options. The suburb has convenient access to arterial roads such as Dandenong Road, making travel by car manageable for commuters.
Amenities and Convenience
The suburb offers a range of local amenities including supermarkets, cafes, takeaway options, and medical centres. Caulfield Plaza and nearby shopping strips provide everyday retail and dining choices. Larger retail hubs such as Chadstone Shopping Centre are a short drive or public transport journey away, adding to the suburb’s convenience.
Lifestyle and Vibe
Caulfield has a practical and student-friendly lifestyle, shaped by its education precinct and transport links. Activity is concentrated around the university and station, with quieter residential streets further away. The suburb suits renters who value accessibility, study-friendly environments, and reliable transport rather than nightlife.
Community and Safety
The community in Caulfield is diverse, with a mix of students, families, and long-term residents. Residential areas away from main roads tend to be quieter and more settled. The suburb is well established, with consistent activity during the academic year.
Education and Nearby Campuses
Caulfield is home to Monash University Caulfield campus, making it a key location for students. It also provides convenient transport access to other Monash campuses and Melbourne CBD universities, including University of Melbourne and RMIT University.
Who Is This Suburb Best For?
- University students attending Monash University
- International students and new arrivals
- Young professionals commuting to the CBD
- Renters seeking strong public transport access
- Students looking for shared accommodation
Pros and Cons
Pros
- Close proximity to Monash University Caulfield campus
- Excellent train and tram connections
- Wide range of rental properties
- Direct commute to Melbourne CBD
Cons
- Competitive rental market
- Limited parking near transport hubs
- Busy during university semesters
Tips for Renting in Caulfield, VIC 3162
- Properties near the university and station receive high interest
- Inspections often fill quickly during academic periods
- Landlords usually prefer complete and organised applications
- Students and newcomers may face challenges without local rental history
- Considering shared housing can help manage costs
Find My Home Tip
Caulfield remains a popular choice for students and professionals seeking strong transport links and campus proximity. For renters who are new to Australia or navigating the rental market for the first time, having structured application support can improve confidence and outcomes.
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Disclaimer: Rental prices are estimates based on publicly available listings as of 2026 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.