Mentone sits in Melbourne’s bayside — a suburb that runs creative, walkable, authentic. Here’s what the numbers and the locals actually say about the property and rental situation.
Rental Prices — Mentone 2026
| Property Type | Weekly Rent | Monthly | Annual |
|---|---|---|---|
| 1-bedroom unit | $454/wk | $1967/mo | $23,608/yr |
| 2-bedroom unit | $624/wk | $2704/mo | $32,448/yr |
| 3-bedroom house | $783/wk | $3393/mo | $40,716/yr |
Rents in Mentone have held relatively steady compared to 2025. The vacancy rate sits at 2.9%, which is moderate — you have some negotiating room.
Property Prices
| Property Type | Median Price | 12-Month Change |
|---|---|---|
| House | $1,383,420 | -0.8% |
| Unit/Apartment | $570,697 | +1.8% |
Gross rental yield: 5.0% (units tend to yield higher than houses in Mentone).
Who Lives Here
Mentone attracts a diverse mix of demographics. The suburb is known for Mentone local shops, community feel, suburban lifestyle.
Average resident profile:
- Age: Predominantly 35-55
- Household: Couples and young families
- Income: Above metro average
Renting Tips for Mentone
Apply fast. Good properties in Mentone 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 Brunswick Avenue. The main strip commands 10-15% higher rents. 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 (Public transport options in Mentone).
Investment Outlook
Mentone is a mature market — don’t expect explosive growth, but it’s stable and liquid. The 5.0% gross yield is above the metro average.
Key factors:
- Transport: Public transport options in Mentone
- Schools: Limited local options — neighbouring suburbs have better schools
- Infrastructure: Established — no major changes expected
Suburb Character & Lifestyle
Mentone runs creative, walkable, authentic. The main commercial strip along Brunswick Avenue 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 Mentone local shops, community feel, suburban lifestyle, which drives both rental demand and property values.
The housing stock is largely character homes on established streets with some newer townhouse developments. For renters, the most common options are rooms in shared Victorian terraces. For buyers, the entry point is typically a 2-bedroom unit or apartment at the lower end of the market.
Transport reality: Public transport options in Mentone. 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 | $4.50-5.50 |
| Brunch | $19-28 |
| Dinner out | $28-45 pp |
| Pint of beer | $12-14 |
| Cocktail | $19-25 |
| Groceries | $177/wk (couple) |
| Utilities | $243/mo (1br) |
| Internet | $70-90/mo (NBN) |
The Bigger Picture
Mentone has seen consistent demand from owner-occupiers and investors alike, driven by lifestyle amenity and transport links. The suburb is creative, walkable, authentic, which attracts investors looking for reliable yield in an improving area.
5-year outlook: Moderate, steady capital growth expected. The fundamentals — location, transport, lifestyle amenity — are strong.
What to watch: Rezoning proposals could change suburb character.
Nearby
Last updated: March 2026. Data sources: Domain, REA Group, SQM Research.
Keep Exploring
More in this area:
- Community Guide in Mentone
- Coworking Guide in Mentone
- Council Services in Mentone
- Library Guide in Mentone
- Playground Guide in Mentone
Useful tools:

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