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Affordable Rentals in Port Phillip: The Perfect Guide for Couples [2024]

Looking for affordable rentals in Port Phillip? Explore budget-friendly apartments and houses for couples.

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Written by Leaso
Updated over 7 months ago

Port Phillip, located in Melbourne’s bayside area, is known for its vibrant atmosphere, picturesque beaches, and charming communities, making it a dream location for couples. However, the rising demand for rentals in this sought-after region can make finding an affordable home challenging. With Leaso.com, couples can navigate Port Phillip’s competitive market and find rentals that fit both their budget and lifestyle.

Why Couples Love Living in Port Phillip

Port Phillip offers couples the perfect blend of beachside living, cultural hotspots, and proximity to Melbourne’s city center. Suburbs like St Kilda, Elwood, and Albert Park are particularly attractive for couples due to their cafes, restaurants, and access to parks and beaches. Whether you’re after a relaxing seaside lifestyle or vibrant urban living, Port Phillip caters to all tastes.

However, demand in these suburbs can drive up rental prices, especially in prime locations near the beach or within walking distance of Melbourne’s trams. To secure an affordable rental, couples need to act fast and use tools like Leaso.com to access hidden deals and pre-market listings.

Best Affordable Rentals for Couples in Port Phillip

While some areas in Port Phillip may be known for high rents, couples can still find affordable pockets if they know where to look. Here are a few suburbs to consider:

  • St Kilda East: Just a bit further from the bustling St Kilda Beach, St Kilda East offers more affordable rentals without compromising on lifestyle. Couples can enjoy the local cafes and proximity to parks while still being close to the beach.

  • Elwood: Known for its quieter, more relaxed atmosphere, Elwood offers affordable apartments, particularly for couples looking for smaller units close to the bay.

  • Balaclava: A slightly less expensive option than nearby St Kilda, Balaclava is popular with couples who want easy access to Melbourne’s tram system and enjoy a strong community vibe.

Apartments vs Houses: What’s Right for Couples?

When it comes to renting in Port Phillip, couples often face the decision between renting an apartment or a house. Both options have their advantages depending on lifestyle and budget.

  • Apartments: Apartments are the most common and affordable rental option for couples in Port Phillip, especially in St Kilda or Elwood. Many modern apartments offer great views of the bay or proximity to local amenities, and splitting rent between two people makes apartments more affordable.

  • Houses: For couples needing more space, renting a house is a good option. While houses in Port Phillip’s suburbs can be pricier, there are deals to be found, especially if you’re willing to live further from the beach or take over an existing lease.

How to Find Cheap Rentals in Port Phillip for Couples

With competition for rentals high in Port Phillip, couples looking for affordable rentals need to be proactive. One of the most effective ways to stay ahead is by using Leaso.com, a tool that allows you to access rental listings before they hit major platforms.

Stay Ahead with Rental Alerts on Leaso.com

In competitive rental markets like Port Phillip, setting up rental alerts is crucial for staying one step ahead. Leaso.com provides a key advantage by giving renters 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 Port Phillip suburbs, property type, and price range that suit your couple’s needs.

  • 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 as a couple. Leaso helps you stay informed, especially with pre-market listings that offer the best deals.

Tips for Finding Affordable Rentals in Port Phillip

To ensure you secure an affordable rental in this high-demand area, here are some helpful tips for couples:

  • Be Flexible with Locations: While beachside rentals may be the dream, looking a little further inland, such as in Ripponlea or St Kilda East, can significantly reduce rent prices.

  • Consider Older Buildings: Many older apartment buildings in St Kilda or Elwood offer more affordable rents compared to newer developments. These apartments might not have the latest amenities but are perfect for couples on a budget.

  • Negotiate Rent: Don’t be afraid to negotiate with landlords, especially if a property has been on the market for a while. By negotiating, you might secure a slightly lower rent or longer lease terms that benefit both parties.

Take Over an Existing Lease for Better Deals

If you’re struggling to find an affordable rental, consider taking over an existing lease. Lease transfers often allow couples to take advantage of lower rent rates or shorter-term leases, making it a great option for those looking for flexibility or immediate move-ins.

Benefits of Taking Over a Lease:

  • Lower Rent: Tenants looking to transfer their lease quickly may offer rent at a discounted price.

  • Avoid Upfront Costs: Couples may be able to negotiate with outgoing tenants to save on costs like bond payments or utility setup fees.

  • Flexible Lease Terms: Lease transfers are perfect for couples who don’t want a long-term commitment but need a rental option quickly.

How Leaso.com Helps: Leaso.com makes it easy to find and take over existing leases in Port Phillip. By browsing listings of lease transfers, couples can connect with outgoing tenants and negotiate favourable terms, giving them access to rental deals not 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 couples access to hidden rental supply before properties hit the market. Whether you’re setting up alerts or taking over an existing lease, Leaso helps couples find the perfect rental in Port Phillip’s competitive market.

Final Thoughts

For couples looking for affordable rentals in Port Phillip, Melbourne’s bayside charm can still be within reach with the right strategies. Using Leaso.com, couples can stay ahead of the competition, discover pre-listed rentals, and secure a home that fits their budget and lifestyle. Whether you’re looking for a cozy apartment or taking over an existing lease, Leaso is the ideal platform for finding the best deals in Port Phillip.

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