Most expensive (and affordable) suburbs to rent in across Australia’s capital cities

The report also showed that weekly rent in the country has gone up by 8.9 per cent – the highest annual growth since 2008.

Around the country, Canberra is still the most expensive city in the country to rent a property. According to CoreLogic data, renting in the ACT will set you back an average of $633 a week, significantly higher than the national median rent of $485 per week.

Sydney was the second most expensive city at $595 per week, followed by Darwin, where a rental property will set you back $561 a week, Hobart at $507 per week and Brisbane at $491 a week.

Melbourne is the second-cheapest rental market, with a typical dwelling setting back a renter by $450 a week.

The title of the most affordable capital city to rent goes to Adelaide, as rentals in the city sit at an average of $440 per week.

CoreLogic research director Tim Lawless said he expected national rent prices to continue to rise for the foreseeable future.

The expert noted that with only incremental gains in household incomes in recent times, rental affordability in Australia would likely become an issue.

“Data to March shows renters were spending an average of 28.7 per cent of their household income on rental payments, which is slightly above the decade average of 28.1 per cent,” Mr Lawless said.

“Rental affordability has deteriorated further from there, which is likely to see more renters looking towards higher density rental options where renting tends to be more affordable.”

For now, what suburbs are the most expensive and affordable places to rent houses and units in each capital city?

Houses

Most expensive and affordable places to rent houses across capital cities

Sydney

Most expensive: Vaucluse ($2,235 median rent)

Most affordable: Blackett ($392 median rent)

Melbourne

Most expensive: Brighton ($1,226 median rent)

Most affordable: Melton ($341 median rent)

Brisbane

Most expensive: Pullenvale ($986 median rent)

Most affordable: Toogoolawah ($331 median rent)

Adelaide

Most expensive: Beaumont ($731 median rent)

Most affordable: Elizabeth North ($306 median rent)

Perth

Most expensive: Cottesloe ($1,118 median rent)

Most affordable: Medina ($367 median rent)

Hobart

Most expensive: Sandy Bay ($643 median rent)

Most affordable: Primrose Sands ($429 median rent)

Darwin

Most expensive: Fannie Bay ($786 median rent)

Most affordable: Moulden $501 median rent)

Canberra

Most expensive: Campbell ($952 median rent)

Most affordable: Charnwood ($589 median rent)

Units

Most expensive and affordable places to rent units across capital cities

Sydney

Most expensive: Point Piper ($1,081 median rent)

Most affordable: Carramar ($329 median rent)

Melbourne

Most expensive: Beaumaris ($655 median rent)

Most affordable: Albion ($311 median rent)

Brisbane

Most expensive: Teneriffe ($561 median rent)

Most affordable: Raceview ($276 median rent)

Adelaide

Most expensive: Adelaide ($457 median rent)

Most affordable: Salisbury ($301 median rent)

Perth

Most expensive: North Fremantle ($666 median rent)

Most affordable: Orelia ($242 median rent)

Hobart

Most expensive: Sandy Bay ($486 median rent)

Most affordable: Brighton ($398 median rent)

Darwin

Most expensive: Bayview ($603 median rent)

Most affordable: Leanyer $407 median rent)

Canberra

Most expensive: Yarralumia ($816 median rent)

Most affordable: Curtin ($442 median rent)