Hawthorn Rental Market — 2026 Guide

Hawthorn sits in Melbourne’s inner east — a suburb that runs leafy, established, university suburb. Here’s what the numbers and the locals actually say about the property and rental situation.

Rental Prices — Hawthorn 2026

Property Type	Weekly Rent	Monthly	Annual
1-bedroom unit	$570/wk	$2470/mo	$29,640/yr
2-bedroom unit	$744/wk	$3224/mo	$38,688/yr
3-bedroom house	$984/wk	$4264/mo	$51,168/yr

Rents in Hawthorn have increased modestly compared to 2025. The vacancy rate sits at 1.5%, which is tight — expect competition for good properties.

Property Prices

Property Type	Median Price	12-Month Change
House	$1,621,844	+3.8%
Unit/Apartment	$694,134	+1.8%

Gross rental yield: 3.7% (units tend to yield higher than houses in Hawthorn).

Who Lives Here

Hawthorn attracts predominantly young professionals and couples. The suburb is known for Swinburne University, Glenferrie Road strip.

Average resident profile:

Age: Predominantly 30-45
Household: Couples and young families
Income: Below metro average

Renting Tips for Hawthorn

Apply fast. Good properties in Hawthorn get 20-40 applications. Have your documents ready: 100 points of ID, recent payslips, rental history, references.
Inspect in person. Photos lie. Check water pressure, phone reception, natural light at the time of day you’d actually be home. Open the cupboards. Flush the toilet.
Look beyond Glenferrie Road. The main strip has more foot traffic but also more noise. One or two blocks back, you get the same proximity for less money.
Know your rights. Victorian tenancy law caps rent increases to once per 12 months. Your landlord must give 60 days notice. Urgent repairs must be addressed within 24 hours (blocked toilet, no hot water, gas leak).
Budget beyond rent. Factor in: utilities ($150-250/month), internet ($70-90/month), contents insurance ($15-25/month), and transport (Hawthorn/Glenferrie stations, tram 16).

Investment Outlook

Hawthorn is a mature market — don’t expect explosive growth, but it’s stable and liquid. The 3.7% gross yield is around the metro average.

Key factors:

Transport: Hawthorn/Glenferrie stations, tram 16
Schools: Several well-regarded public and private options
Infrastructure: New town centre development approved

Suburb Character & Lifestyle

Hawthorn runs leafy, established, university suburb. The main commercial strip along Glenferrie Road is where most of the daily life happens — cafes, restaurants, and essential services within walking distance for those who live close. The neighbourhood is known for Swinburne University, Glenferrie Road strip, which drives both rental demand and property values.

The housing stock is a blend of period homes near the centre and newer estates towards the edges. For renters, the most common options are 1-2 bedroom apartments in newer builds along the main road. For buyers, the entry point is typically a townhouse on a smaller block at the lower end of the market.

Transport reality: Hawthorn/Glenferrie stations, tram 16. The commute to the CBD is realistic for daily workers, and most residents report using a combination of public transport, cycling, and driving depending on the trip.

Cost of Living Snapshot

Expense	Typical Cost
Coffee	$5.00-5.50
Brunch	$22-32
Dinner out	$35-55 pp
Pint of beer	$13-15
Cocktail	$22-28
Groceries	$169/wk (couple)
Utilities	$212/mo (1br)
Internet	$70-90/mo (NBN)

The Bigger Picture

Hawthorn has seen consistent demand from owner-occupiers and investors alike, driven by lifestyle amenity and transport links. The suburb is leafy, established, university suburb, which attracts investors looking for reliable yield in an improving area.

5-year outlook: Depends heavily on interest rate trajectory. The fundamentals — location, transport, lifestyle amenity — are well-established.

What to watch: Transport upgrades will improve connectivity.

Nearby

Last updated: March 2026. Data sources: Domain, REA Group, SQM Research.

Keep Exploring

More in this area:

Nearby suburbs:

Useful tools: