Updated 18 March 2026 | Property Editor
Rent Prices in Balaclava 2026
March 18, 2026
As Melbourne’s property landscape continues to evolve, understanding the current state of rent prices in its suburbs is crucial for both tenants and investors. Balaclava, a suburb located in the heart of Melbourne, has seen significant changes in its rental market. In this article, we will look into into the current rent prices in Balaclava, exploring the factors that influence them and what the future holds for this suburb.
Overview of Balaclava
Balaclava is a suburb situated approximately 5 kilometers southeast of Melbourne’s central business district. It is known for its mix of residential and commercial properties, making it an attractive location for families, professionals, and investors. The suburb offers a range of amenities, including parks, schools, and shopping centers, contributing to its desirability.
Current Rent Prices in Balaclava
The rental market in Balaclava has experienced fluctuations in recent years. As of 2026, the median rent for houses in Balaclava is around $550 per week, while units and apartments average around $420 per week. These prices are influenced by various factors, including the suburb’s proximity to Melbourne’s CBD, the quality of housing stock, and the overall demand for rentals.
Venues and Rental Options
Balaclava offers a diverse range of rental options, from modern apartments to traditional houses. Here are a few examples of properties currently available for rent:
- 145 Ormond Road, Balaclava VIC 3189 - A 3-bedroom house with a spacious backyard, renting for $580 per week.
- 3/34-36 Dandenong Road, Balaclava VIC 3189 - A 2-bedroom apartment with a balcony, renting for $450 per week.
- 72-74 Commercial Road, Balaclava VIC 3189 - A 1-bedroom studio apartment, renting for $380 per week.
- 11/10-12 Ormond Road, Balaclava VIC 3189 - A 1-bedroom apartment with a gym and pool, renting for $420 per week.
- 5A Albert Avenue, Balaclava VIC 3189 - A 3-bedroom house with a garden, renting for $520 per week.
- 2/43-45 Commercial Road, Balaclava VIC 3189 - A 2-bedroom townhouse with a car park, renting for $480 per week.
- 10/5-7 Dandenong Road, Balaclava VIC 3189 - A 1-bedroom apartment with a balcony, renting for $400 per week.
Factors Influencing Rent Prices
Several factors contribute to the current rent prices in Balaclava:
Proximity to Melbourne’s CBD
Balaclava’s close proximity to Melbourne’s CBD makes it an attractive location for professionals and families. The suburb’s accessibility to public transportation, including buses and trains, further enhances its appeal.
Quality of Housing Stock
The quality of housing stock in Balaclava also plays a significant role in determining rent prices. Modern apartments and houses with amenities such as air conditioning, gyms, and pools tend to command higher rents.
Demand for Rentals
The demand for rentals in Balaclava is driven by its desirability as a suburb. The suburb’s mix of residential and commercial properties, as well as its range of amenities, makes it an attractive location for tenants.
Lifestyle and Amenities
Balaclava offers a range of lifestyle options and amenities, making it an attractive location for tenants. Some of the suburb’s popular attractions include:
- Best Restaurants in Melbourne: Balaclava is home to several top-rated restaurants, including The Hardware Bar and The Balaclava Hotel.
- Best Cafes in Melbourne: The suburb offers a range of cafes, including The Balaclava Cafe and The Coffee Studio.
- Royal Botanic Gardens Melbourne: The suburb is close to the Royal Botanic Gardens Melbourne, offering a peaceful escape from the city.
Investment Opportunities
Balaclava presents investment opportunities for those looking to invest in the Melbourne property market. The suburb’s rental yields are relatively high, with gross yields ranging from 4-6% for houses and 5-7% for units.
Conclusion
In conclusion, Balaclava’s rental market offers a range of options for tenants and investors. The suburb’s proximity to Melbourne’s CBD, quality of housing stock, and demand for rentals contribute to its current rent prices. With its mix of lifestyle options and amenities, Balaclava is an attractive location for those looking to rent or invest in the Melbourne property market.
For more information on Balaclava and the Melbourne property market, visit:
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Find more Melbourne suburb guides at melbz.com.au
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