What is the average cost of rent in Sydney, Australia?

What is the Average Cost of Rent in Sydney, Australia?

Sydney, Australia is a popular destination for tourists and expats alike. With its stunning beaches, vibrant culture, and thriving economy, it’s no wonder so many people are drawn to this city. However, one of the biggest concerns for anyone moving to Sydney is the cost of living. One of the most significant expenses is the cost of rent.

Understanding the Cost of Rent in Sydney

Depending on the suburb you live in, the cost of rent in Sydney can vary significantly. The highest rents are in the Eastern suburbs, and even in the west, you cannot get anything less than A$750.00. Rents are very high in the northern suburbs, and all beachside suburbs will command a high cost of rent. The average cost of rent in Sydney is around A$2,000.00 per month for a one-bedroom apartment in the city center.

See Related: How biased is The Sydney Morning Herald?

Suburb Breakdown

To give you a better idea of the cost of rent in Sydney, let’s take a closer look at some of the most popular suburbs:

Eastern Suburbs

The Eastern suburbs are some of the most expensive areas in Sydney. Bondi, for example, is one of the most popular beachside suburbs and is known for its stunning views and vibrant culture. However, the cost of rent in Bondi is also very high, with the average cost of a one-bedroom apartment being around A$2,500.00 per month.

Northern Suburbs

The Northern suburbs are also known for their high cost of living. Areas like Mosman and Manly are popular with expats and tourists alike, but the cost of rent can be quite steep. The average cost of a one-bedroom apartment in Mosman is around A$2,400.00 per month, while in Manly, it’s around A$2,200.00 per month.

Western Suburbs

The Western suburbs are generally more affordable than the Eastern and Northern suburbs. Areas like Parramatta and Penrith offer more affordable housing options while still being within easy reach of the city center. The average cost of a one-bedroom apartment in Parramatta is around A$1,800.00 per month, while in Penrith, it’s around A$1,500.00 per month.

Tips for Finding Affordable Rent in Sydney

If you’re on a budget, there are still ways to find affordable apartment or home in Sydney today.