Templestowe Lower Rent Guide 2026: Prices, Tips, and Market Analysis
Templestowe Lower (3107) is 13km from Melbourne’s CBD with a population of 12,100. 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 Templestowe Lower and how to secure a lease.
Current Rental Prices in Templestowe Lower
Median weekly rents in Templestowe Lower (sourced from Domain and REIV quarterly data):
| Property type | Weekly rent | Monthly estimate |
|---|---|---|
| 1-bedroom apartment | $330/week | $1,430/month |
| 2-bedroom apartment | $410/week | $1,776/month |
| 3-bedroom house | $495/week | $2,145/month |
| Share house room | $170-250/week | $736-1,083/month |
Vacancy rate: Approximately 1.9% in the Templestowe Lower area. Below 2% means competition is strong – expect multiple applications per listing.
How Templestowe Lower Compares
Templestowe Lower at $330/week for a 1-bedroom apartment sits below the Melbourne median – good value relative to inner suburbs.
Key pricing factors for Templestowe Lower:
- Distance to CBD: 13km (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 Templestowe Lower:
| Cost | Estimate |
|---|---|
| Bond (upfront) | $1,320 (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 $2,750
Where to Search for Rentals in Templestowe Lower
The most effective platforms for finding rental properties in Templestowe Lower:
- Domain.com.au – comprehensive listings with detailed filters for 3107 and surrounding postcodes
- realestate.com.au – largest listing platform in Australia, strong coverage of Templestowe Lower
- 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 Templestowe Lower:
- Set up email alerts for new listings in 3107 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 Templestowe Lower?
One-bedroom apartments in Templestowe Lower rent for approximately $330/week ($1,430/month). Share house rooms run $170-250/week.
Is Templestowe Lower affordable for renters?
Templestowe Lower at 13km from the CBD offers mid-range value for the location.
What is the vacancy rate in Templestowe Lower?
The vacancy rate in Templestowe Lower is approximately 1.9%. This is competitive – prepare strong applications.
Data sourced from Domain median rents, REIV quarterly reports, Consumer Affairs Victoria. Compiled April 2026. Rental prices are indicative and vary by property.
Data-Backed Rent Analysis
Templestowe Lower is a premium middle-ring rental market, not a budget suburb. Current market data places typical rents around $750 per week for houses and $650-$675 per week for units, depending on property size, condition, and listing source. That puts houses about $170 per week above Melbourne’s $580 median house rent, while units sit roughly $70-$95 above Melbourne’s $580 median unit rent reported by Domain in January 2026: Domain Rent Report.
The premium reflects the suburb’s family housing stock, school access, larger blocks, and proximity to Doncaster, Bulleen, the Eastern Freeway corridor, and Yarra-side parkland. Renters should expect strongest competition for renovated 3-4 bedroom houses with two bathrooms, off-street parking, heating/cooling, and quick access to Manningham Road or Thompsons Road buses.
Compared with inner Melbourne, Templestowe Lower can offer more space for the same weekly rent, but it is less convenient for train commuters. Compared with outer north-east suburbs, it is more expensive but usually offers shorter road travel times to the CBD and stronger access to established schools, shopping, and medical services.
For affordability, a household renting a $750 per week house should ideally earn at least $2,500 per week before tax if using the common 30% rent-to-income benchmark. A $675 per week unit requires about $2,250 per week before tax. Renters below those income levels may still qualify, but should prepare stronger supporting documents or consider a smaller unit, older property, or nearby suburbs.
Step-By-Step Rental Checklist
Set a weekly rent ceiling before inspections. Include bond, moving costs, utilities, internet, contents insurance, and commuting costs.
Compare houses and units separately. A cheaper house needing garden care, heating upgrades, or long car commutes may cost more in practice than a townhouse or unit.
Check transport routes before applying. Templestowe Lower relies heavily on buses and cars, so confirm peak-hour travel to work, school, and shopping.
Inspect heating, cooling, insulation, windows, and water pressure. Older homes in the area can be spacious but costly to heat and cool.
Ask what is included. Clarify garden maintenance, appliance ownership, water usage charges, parking spaces, storage, and any shared driveway rules.
Prepare documents before the first inspection. Have ID, payslips, rental ledger, references, pet details, and cover note ready so you can apply quickly.
Benchmark the listing. If a 3-bedroom house is priced well above $750 per week, it should justify the premium through renovation quality, location, land size, or extra bathrooms.
Read the lease terms carefully. Check lease length, rent payment schedule, bond amount, break-lease conditions, and special conditions before signing.
Practical Renting Tips
Families should prioritise school zones, safe walking routes, parking, and proximity to Macedon Square, Bulleen Plaza, Westfield Doncaster, or local bus corridors. Professionals should test the commute at the actual time they would travel, especially if relying on the Eastern Freeway during peak periods.
Pet owners should apply early and provide a short pet profile. Properties with yards are attractive, but landlords may be selective because garden and floor maintenance risks are higher.
For better value, inspect older but well-maintained homes, units near main roads, or properties listed outside the January-February peak. The best rental is not always the cheapest; in Templestowe Lower, condition and heating/cooling can make a large difference to annual living costs.
FAQ
What is the average rent in Templestowe Lower?
Expect roughly $750 per week for houses and $650-$675 per week for units, with renovated family homes often asking more.
Is Templestowe Lower cheaper than inner Melbourne?
For space, often yes. Weekly rent may still be high, but renters usually get larger homes, more parking, and quieter streets than similarly priced inner-city options.
Is Templestowe Lower good for renters without a car?
It can work, but check bus routes carefully. The suburb has no train station, so car-free renters should prioritise homes close to Manningham Road, Thompsons Road, or direct bus links.