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Affordable Rentals in Melbourne CBD: Student Accommodation Guide

Find affordable student rentals in Melbourne CBD. Explore budget apartments, shared housing options.

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Written by Leaso
Updated over 7 months ago

Melbourne is one of Australia’s top student cities, offering world-class universities, a vibrant culture, and countless opportunities for socialising and exploring. However, finding affordable rentals in the Melbourne CBD can be challenging for students who need to balance rent costs with study and living expenses. Luckily, platforms like Leaso.com make the search for affordable student housing easier and more efficient.

Why Melbourne CBD is Ideal for Students

Melbourne’s CBD is the heart of the city, making it the perfect place for students who want to be close to universities such as RMIT and the University of Melbourne, along with trendy cafes, shopping districts, and public transport hubs. Living in the CBD also means students can reduce commuting time, freeing up more time for study and social life.

Affordable Student Rentals in Melbourne CBD

While Melbourne CBD can be pricey, there are still ways for students to find affordable rentals. Apartments and shared housing are popular options, particularly when students can pool their resources and share the cost of rent. Here are a few ways to score affordable rentals:

  • Shared Apartments: Many students opt for shared apartments where the costs of rent, utilities, and other expenses are split among roommates. This can significantly lower monthly expenses while allowing students to live in the heart of the city.

  • Studio Apartments: If privacy is more important, studio apartments are another option. They tend to be smaller, but for students who value their own space, studio rentals in the CBD can sometimes be found at reasonable prices.

  • Off-Peak Rentals: Looking for properties outside peak student seasons can also help secure better rental deals, as competition tends to be lower during these times.

Shared Apartments and Student Housing Options

Shared apartments are one of the most popular options for students living in the Melbourne CBD. Not only do they provide an affordable way to live close to campus, but they also offer a social atmosphere where students can meet new people and share living costs. Renting with a group can lower individual rent contributions, making it easier to find accommodation in prime locations.

Student housing through universities or private providers is another option. These housing solutions are often located near major campuses, making commuting to class a breeze. However, competition can be stiff, and many students look to third-party rental solutions, like Leaso.com, for flexibility and a broader range of choices.

How to Find Cheap Student Rentals in Melbourne CBD

To get the best deals on student rentals in Melbourne’s CBD, it’s essential to act fast and stay on top of new listings. One of the best ways to do this is through Leaso.com.

Stay Ahead with Rental Alerts on Leaso.com

In competitive rental markets like Melbourne’s CBD, setting up rental alerts is crucial for staying one step ahead. Leaso.com provides a key advantage by giving students access to properties before they appear on major platforms like Domain or realestate.com.au, unlocking hidden rental supply.

How to Set Up Alerts on Leaso.com:

  • Create a Free Account: Sign up on Leaso.com to get started.

  • Set Your Preferences: Select your preferred property type, price range, and proximity to your university.

  • Enable Notifications: Opt-in for email or SMS alerts to be instantly notified when new listings, including pre-market properties, become available.

  • Discover Pre-Listed Rentals: With Leaso, you gain access to properties long before they’re listed on traditional platforms, giving you a significant edge.

Benefit: By staying ahead of the competition with rental alerts, you’ll have a better chance of securing a rental property that fits your budget and needs as a student. Leaso helps you stay in the know, especially with pre-market listings.

Take Over an Existing Lease for Better Deals

If finding a cheap rental in the Melbourne CBD feels daunting, consider taking over someone’s existing lease. Lease transfers can provide students with a unique opportunity to secure lower rent, especially when an outgoing tenant needs to move quickly.

Benefits of Taking Over a Lease:

  • Lower Rent: Tenants looking to transfer their lease quickly may offer incentives such as reduced rent or waived fees.

  • Avoid Upfront Costs: Save on expenses like bond payments or setup fees by negotiating with the outgoing tenant.

  • Flexible Lease Terms: Enjoy shorter-term leases, which are perfect for students who want the flexibility of moving or upgrading housing when needed.

How Leaso.com Helps: Leaso.com makes it easy for students to find and take over existing leases. By browsing listings of lease transfers in the Melbourne CBD, you can directly connect with outgoing tenants and negotiate favourable terms. This gives you access to unique rental opportunities that aren’t available on traditional platforms.

Why Choose Leaso?

Leaso is like the Tinder for renting—it connects renters directly with tenants planning to move out, giving you access to hidden rental supply well before properties hit the market. Whether you’re setting up alerts or taking over a lease, Leaso gives you the edge in Melbourne’s competitive student rental market.

Final Thoughts

For students, living in Melbourne CBD can offer the perfect combination of convenience, excitement, and accessibility to world-class education. Finding affordable accommodation might seem overwhelming, but by using Leaso.com, you can stay ahead of the competition, find hidden deals, and secure the perfect rental for your student lifestyle. Whether you’re looking for a shared apartment or want to take over an existing lease, Leaso has you covered.

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