Surrey Hills Rent Guide 2026: Prices, Tips, and Market Analysis
Surrey Hills (3127) is 10km from Melbourne’s CBD with a population of 13,800. Whether you are looking for a studio, one-bedroom apartment, share house room, or family home to rent, this guide breaks down what you will actually pay in Surrey Hills and how to secure a lease.
Current Rental Prices in Surrey Hills
Median weekly rents in Surrey Hills (sourced from Domain and REIV quarterly data):
| Property type | Weekly rent | Monthly estimate |
|---|---|---|
| 1-bedroom apartment | $379/week | $1,642/month |
| 2-bedroom apartment | $490/week | $2,123/month |
| 3-bedroom house | $587/week | $2,543/month |
| Share house room | $199-279/week | $862-1,209/month |
Vacancy rate: Approximately 2.7% in the Surrey Hills area. Around 2-3% means a balanced market with reasonable options.
How Surrey Hills Compares
Surrey Hills at $379/week for a 1-bedroom apartment sits around the Melbourne median.
Key pricing factors for Surrey Hills:
- Distance to CBD: 10km (mid-ring pricing)
- Transport access: Public transport available but a car may be useful
- Established suburb with limited new rental supply
Application Tips
The Melbourne rental market is competitive. Practical application tips:
- Apply early – attend the first open inspection and submit your application the same day
- References ready – have employer references, previous landlord references, and 100 points of ID prepared before you start looking
- Complete applications – incomplete applications are discarded. Fill every field
- Rental history – provide your rental ledger or bank statements showing consistent rent payments
- Cover letter – a brief paragraph about yourself (employed, quiet, non-smoker) can help in competitive situations
- Apply to multiple properties – do not wait for one response before applying elsewhere
- Budget at 30% of income – agents and landlords want to see rent at or below 30% of your gross household income
Renter’s Rights in Victoria
Key protections under Victorian rental law:
- Bond: Maximum 4 weeks rent, held by the Residential Tenancies Bond Authority (RTBA)
- Rent increases: Maximum once per 12 months, with 60 days written notice
- Repairs: Landlord must maintain the property in good repair. Urgent repairs must be addressed within specified timeframes
- Notice periods: For end of fixed-term, landlord must provide 90 days notice (or 60 days in some cases). Tenants must provide 28 days
- Pets: Landlords cannot unreasonably refuse pet requests (since 2020 Victorian rental law changes)
Contact Consumer Affairs Victoria or the Tenants Union of Victoria for specific questions.
Costs Beyond Rent
Budget for these additional costs when renting in Surrey Hills:
| Cost | Estimate |
|---|---|
| Bond (upfront) | $1,516 (4 weeks) |
| Electricity | $25-45/week |
| Gas | $10-25/week |
| Internet (NBN) | $70-100/month |
| Water | Included or $5-15/week |
| Contents insurance | $20-40/month |
| Renter’s insurance | $15-25/month |
Total move-in cost (bond + first month): approximately $3,158
Where to Search for Rentals in Surrey Hills
The most effective platforms for finding rental properties in Surrey Hills:
- Domain.com.au – comprehensive listings with detailed filters for 3127 and surrounding postcodes
- realestate.com.au – largest listing platform in Australia, strong coverage of Surrey Hills
- Rental.com.au – renter-focused platform with application tracking
- Facebook Marketplace and local groups – private landlord listings, sometimes cheaper than agency-managed
- Real estate agency websites – local agencies sometimes list properties before they appear on aggregator sites
Search tips for Surrey Hills:
- Set up email alerts for new listings in 3127 on both Domain and realestate.com.au
- Check listings daily – new properties get the most applications in the first 24-48 hours
- Expand your search to neighbouring postcodes for better value
- Inspect in person before applying – photos can be misleading
Frequently Asked Questions
How much is rent in Surrey Hills?
One-bedroom apartments in Surrey Hills rent for approximately $379/week ($1,642/month). Share house rooms run $199-279/week.
Is Surrey Hills affordable for renters?
Surrey Hills at 10km from the CBD offers mid-range value for the location.
What is the vacancy rate in Surrey Hills?
The vacancy rate in Surrey Hills is approximately 2.7%. This is balanced – reasonable options available.
Data sourced from Domain median rents, REIV quarterly reports, Consumer Affairs Victoria. Compiled April 2026. Rental prices are indicative and vary by property.