Vermont South Rent Guide 2026: Prices, Tips, and Market Analysis
Vermont South (3133) is 19km from Melbourne’s CBD with a population of 11,200. 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 Vermont South and how to secure a lease.
Current Rental Prices in Vermont South
Median weekly rents in Vermont South (sourced from Domain and REIV quarterly data):
| Property type | Weekly rent | Monthly estimate |
|---|---|---|
| 1-bedroom apartment | $346/week | $1,499/month |
| 2-bedroom apartment | $463/week | $2,006/month |
| 3-bedroom house | $571/week | $2,474/month |
| Share house room | $170-250/week | $736-1,083/month |
Vacancy rate: Approximately 3.4% in the Vermont South area. Above 3% gives renters more negotiating power.
How Vermont South Compares
Vermont South at $346/week for a 1-bedroom apartment sits below the Melbourne median – good value relative to inner suburbs.
Key pricing factors for Vermont South:
- Distance to CBD: 19km (outer-ring value pricing)
- Transport access: A car is likely needed for some trips, add $5,000-8,000/year to budget
- 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 Vermont South:
| Cost | Estimate |
|---|---|
| Bond (upfront) | $1,384 (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 $2,883
Where to Search for Rentals in Vermont South
The most effective platforms for finding rental properties in Vermont South:
- Domain.com.au – comprehensive listings with detailed filters for 3133 and surrounding postcodes
- realestate.com.au – largest listing platform in Australia, strong coverage of Vermont South
- 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 Vermont South:
- Set up email alerts for new listings in 3133 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 Vermont South?
One-bedroom apartments in Vermont South rent for approximately $346/week ($1,499/month). Share house rooms run $170-250/week.
Is Vermont South affordable for renters?
Vermont South at 19km from the CBD offers affordable rents relative to inner suburbs, though a car may add to total costs.
What is the vacancy rate in Vermont South?
The vacancy rate in Vermont South is approximately 3.4%. 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.
Data-backed rental analysis
For 2026, Vermont South renters should treat the suburb as a family-house market, not an apartment market. A practical weekly budget is around $620-$700 for a 3-bedroom house, $700-$820 for a 4-bedroom house, and $500-$620 for a townhouse or unit, depending on renovation level, school-zone appeal, parking, and proximity to Burwood Highway tram 75.
That places typical Vermont South family homes above Melbourne’s broad house median. Domain’s March 2026 Rental Report recorded Melbourne median rents at $590 per week for houses and $600 per week for units, with house rents up 1.7% quarterly and unit rents up 4.3% quarterly. Melbourne’s vacancy rate was 1.0%, which means renters should expect limited choice and fast leasing decisions. Source: Domain Rental Report, March 2026.
The suburb’s price premium is mainly about dwelling type and amenity. Vermont South has a high share of detached homes, larger blocks, established schools, parks, The Glen nearby, tram access, and bus links to Glen Waverley, Mitcham and Nunawading stations. Renters comparing suburbs should expect Vermont South to be cheaper than Glen Waverley for many family homes, similar to parts of Wantirna and Forest Hill, and often more expensive than Ringwood East or Bayswater for comparable bedrooms.
For affordability, a $650 per week rent equals about $2,817 per month or $33,800 per year. Using the common 30% rent-to-income benchmark, a household would need roughly $112,700 gross annual income to keep that rent comfortably within budget before utilities, transport and childcare.
Rental Search Checklist
Set a weekly rent ceiling before inspections. Add at least $40-$70 per week for electricity, gas, water usage, internet and garden upkeep if leasing a house.
Decide your trade-off: closer to tram 75 and Vermont South Shopping Centre, or a larger home deeper in residential streets.
Check transport time, not just distance. A home 19km from the CBD can still mean a long commute if you rely on bus-to-train connections.
Inspect heating and cooling carefully. Older brick homes may have higher winter and summer running costs.
Ask who maintains gardens, trees and gutters. Larger blocks can become a hidden time or cost burden.
Prepare documents before applying: ID, payslips, bank statements, rental ledger, employer contact and references.
Apply within 24 hours if the home is suitable. In a low-vacancy market, waiting until the weekend can mean missing out.
Before signing, compare the advertised rent against at least five similar active listings in Vermont South, Forest Hill, Wantirna and Glen Waverley.
Negotiation Tips
Rent discounts are uncommon for well-presented family homes, but renters can still improve their position. Offer a clean start date, a complete application, and clear evidence of stable income. For homes sitting vacant for more than two weeks, consider asking for $10-$20 per week less, minor maintenance before move-in, or permission for reasonable fixtures such as picture hooks.
Avoid overcommitting just to secure a lease. A larger Vermont South house can look affordable at inspection but become expensive once gardening, heating, commuting and school costs are included.
FAQ
Is Vermont South expensive for renters?
It is moderately expensive for family homes. Expect many 3-bedroom houses to sit above Melbourne’s house median, mainly because the suburb has larger detached homes and strong family demand.
Is Vermont South better for families or singles?
Vermont South is generally better suited to families, couples and renters wanting more space. Singles may find better value and more apartment choice in Box Hill, Glen Waverley or Ringwood.
How much should I budget before moving in?
Allow for four weeks’ bond, two weeks’ rent in advance, moving costs, utility connections and basic setup. For a $650 per week property, upfront rental payments alone can be about $3,900.