Cost of renting & affordability in Australia
How much rent can you actually afford, what does it cost upfront, and what ongoing bills should you budget for? Here's a clear guide to the real cost of renting in Australia in 2026.
The short answer
Renting in Australia typically costs bond (up to 4 weeks' rent, refundable) plus 2 weeks' rent upfront, then your weekly rent plus utilities and internet. A common affordability guide is to keep rent under 30% of gross income, though this has become harder in major cities. Use our affordability calculator to see what works for your income.
How much rent can you afford?
Enter your income and expenses to get a personalised rent budget.
Median rents by city
Weekly median rents for houses and units as at mid-2026. Select a city to compare.
House
$850
per week
Unit / Apartment
$680
per week
Indicative median figures — actual rents vary significantly by suburb, bedrooms and property type.
Upfront costs when you move in
Budget for these before you start applying — you'll need them ready when you sign.
Bond (refundable)
Lodged with the state bond authority
First rent in advance
Typically 2 weeks at lease start
Moving costs
Depends on distance and volume
Utility connections
Electricity, gas, internet setup
Renter's insurance
Contents cover — optional but recommended
Ongoing costs beyond the rent
Your rent isn't your only cost. Factor these into your weekly budget.
Electricity & gas
Varies by property size and usage
Internet
NBN or fixed broadband plan
Water usage
Often included in rent; confirm with agent
Renter's insurance
Contents cover, not building cover
Strata levies
Paid by landlord, not tenant
Renting costs, explained
Open any section for the full detail.
The common guide is to keep rent under 30% of your gross household income. On a $80,000 salary that's around $460/week. The 30% figure is a starting point, not a rule — it predates the current cost-of-living pressures. If rent pushes past 30%, look hard at your other expenses and whether the location justifies the premium.
Cost of renting — FAQs
Find a rental within your budget
Browse verified rental listings across Australia and filter by price to find what fits.