Melbourne city: Median Gross Rent Trend
How Melbourne city's median gross rent changed from 2017 to 2023, based on U.S. Census Bureau ACS 5-Year Estimates. The 2019 vintage reflects the pre-COVID peak; 2021 captures the immediate COVID-era disruption; 2022–2023 show the recovery.
2017
$556
2023
$620
Total change
+$64
% change
+11.5%
| Year | Median Gross Rent | Change |
|---|---|---|
| 2017 | $556 | — |
| 2019 | $514 | $42 (-7.6%) |
| 2020 | $547 | +$33 (6.4%) |
| 2021 | $577 | +$30 (5.5%) |
| 2022 | $630 | +$53 (9.2%) |
| 2023 | $620 | $10 (-1.6%) |