Median rent
for residential apartments
in Sydney NSW, Australia
as of May, 2023.
Remember to negotiate your rent according to median rental prices. Also, take into account that the price depends on the size/amenities of the apartment.
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4,140 Sydney NSW, Australia apartments for rent
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A happy and responsible family invites you to stay in a safe, warm and good house
Sydney, Kingsgrove, NSW, AU
1
Bed
1
Bath
Apartments for Rent in Sydney
Sydney offers various rental properties to suit all needs and budgets. From luxurious waterfront apartments to cozy studio units, there is something for everyone. The Inner City suburbs of Surry Hills, Paddington, and Darlinghurst boast stylish apartments with easy access to trendy bars, restaurants, and shops. Those who prefer a beach lifestyle can opt for the Eastern Suburbs of Bondi, Coogee, or Bronte, with their iconic beaches and bustling café culture. This area is connected to the Central Business District and frequently serves as home to affluent business executives. If you are looking for a cheap flat or apartment for a student, you should look into the Western suburbs. This area is well-connected to the city center via the City rail, which provides a comfortable commute. For families, quieter suburbs such as Mosman and Neutral Bay offer spacious homes with parks, schools, and local amenities. No matter your preference, Sydney has plenty of rental properties to choose from, but to find some rentals on a budget, you might want to explore the suburbs.
What to Know About Renting in Sydney?
This city is a unique place that combines a vibe of a light-hearted beachside town with the energy of a booming metropolis that parades some of the best landmarks, surfing, and dining. Here are just some things you should keep in mind if you decide to rent in Sydney: 1. Cost of living: Sydney is known for being one of the most expensive cities in the world to live in. The cost of living is high, reflected in the cost of renting property, with even more drastic rent increases taking place over the last year. Make sure to do your research beforehand and check the latest average prices for rentals in Sydney on Rentberry further down this page. 2. Safety: Sydney is generally a safe city, but like any large city, it has certain areas more prone to crime. Renters should research the safety of their chosen neighborhood and take appropriate precautions. 3. Climate: Sydney has a warm and temperate climate, with mild winters and hot summers. Renters should consider the climate when choosing a rental property and ensure that the property has adequate heating and cooling. 4. Rental application process: Renters should be prepared to go through a rigorous rental application process in Sydney. This may include providing references, proof of income, and rental history. It's important to be organized and prepared for this process to increase the chances of securing a rental property. 5. Tenant rights: Renters in Sydney have certain rights under the law, including the right to a habitable dwelling, the right to privacy, and the right to be free from discrimination. Tenants should familiarize themselves with their rights and seek legal advice if necessary.
Business and Employment
Sydney boasts of being on the list of the world’s most global, green, and well-connected cities. This is the major Australian powerhouse and the gateway to Asia for Western businesses — no wonder Sydney accommodates the headquarters of nearly 40% of the leading Australian corporations. Sydney is the prime destination for regional leaders, international corporations, tourists, and international students. Financial, educational, digital, and creative businesses are all flourishing in Sydney. As a matter of fact, with the right qualifications and determination, Sydney offers a wealth of opportunities for renters looking to build a successful career.
Demographics
Sydney attracts people from all over the world with its unique atmosphere — it’s truly one of the most multicultural cities in the Southern Hemisphere. More than 250 languages are spoken in Sydney, with more than 40 percent of the population speaking a language other than English at home. In terms of housing, approximately 60% of Sydney residents are renters, with 31% being homeowners, and the remaining 9% either having other tenure types or not stating specifically.
Outdoors
Sydney is truly a green city, amazing for all outdoor lovers —there are more than 400 parks and public spaces. From hiking and biking trails to stunning beaches and parks, Sydney offers a wealth of outdoor activities for renters to enjoy. Outstanding examples of green spaces include Hyde Park and Paddington Reservoir Gardens, which represent a flawless mixture of old and new with award-winning modern designs and old-fashioned British landscaping. Numerous local parks around Sydney provide a great opportunity for renters to take a stroll, enjoy fresh air, or hide from the summer heat in the tree shadows. There are also off-leash parks for the residents and their furry friends.
Transportation
The rapid increase of low-density housing in the peripheral suburbs has made car ownership mandatory for thousands of households. Car dependency is soaring in Sydney — 58 % of commuters use a car to get to work, around 9% catch a train, 5% take a bus, and only 4% walk. During recent decades, the city council mounted an effort to improve public transportation. Right now, Sydney's public transportation system offers plenty of transportation options for renters. The most popular mode of transportation is the train, which runs throughout the city and connects to nearby suburbs. Renters can also take advantage of the extensive bus network that covers most areas of Sydney, as well as the light rail that runs from the city to the inner west. Another popular option for renters is cycling, with many dedicated bike paths available in the city and surrounding areas.
Housing Trends
Average apartment rent in Sydney:
$3,571 (-65.2%)
Rent Price |
May | vs Last Month |
|---|---|---|
| Studio apartments | $5,020 | -38.9% |
| 1-bed apartments | $2,414 | -49.2% |
| 2-bed apartments | $2,971 | -49.5% |
| 3-bed apartments | $4,265 | -59.1% |
| 4+ bed apartments | $6,027 | -75% |
Over the May 2023, the average rent for an apartment in/near Sydney NSW, Australia decreased by 65.2% to AU$3,571.
Compared to the last month, the average price for a rental studio in Sydney NSW, Australia has decreased by 38.9%. You can expect to rent the studio for AU$5,020 on average this month. Breaking it down in details, we now see that the average price for 1-bed apartment decreased by 49.2% to AU$2,414. Pricing for 2-bed apartment also decreased by 49.5% and a place of this size will now cost you AU$2,971. 3-bed apartment rent pricing starts at AU$4,265, it decreased by 59.1% lately. We tend to note the rise of 4- and more bed apartment pricing. It decreased by 75% and made it down to AU$6,027.
Rent Type Price |
May | vs Last Month |
|---|---|---|
| Townhouses for rent | $8,213 | -19.1% |
| Rooms for rent | $763 | -51.1% |
| Houses for rent | $17,099 | -32.5% |
| Condos for rent | $1,548 | -73.7% |
| Apartments for rent | $3,286 | -40.2% |
The median rent for an apartment in Sydney NSW, Australia decreased by 40.2% to AU$3,286. Statistics show that house rent price decreased by 32.5% this month making it up to AU$17,099. Condos faced an upward trend these days. The median rent for a condo decreased by 73.7%, it’s now available for AU$1,548. An average room will now go for AU$763, the median rent price for a room decreased by 51.1%. The median rent for a townhouse decreased by 19.1%, you’ll have to spend around AU$8,213 to get one.
Best Neighborhoods to Rent in Sydney
Sydney CBD
The Sydney CBD is the main commercial and financial center of Australia and the major economic hub for the Asia-Pacific region. Sydney Central Business District employs almost 20% of Sydney’s area workforce and generates over $120 billion annually. It is a district of skyscrapers, high-rise condos, and luxury commercial venues. Culturally, the city center is a heart of nightlife and entertainment. It is also home to the city's most beautiful landmarks and sights.
Surry Hills
Surry Hills used to be a tough working-class area for the majority of its history until gentrification completely altered its look in the 1980s. Now, this area is drowning in stylish restaurants and cafés, spacious lofts, and contemporary Asian restaurants. Signs of Surry Hills’ working-class origins can be found in the long list of great pubs in the neighborhood — places like the Dove, Olive, Forresters, and Beresford are among Sydney’s signature dive bars. The abundance of Indian, Vietnamese, and Lebanese eateries on Cleveland Street, together with award-winning cafés like Single O, Reuben Hills, and Paramount Coffee Project, makes Surry Hills Sydney’s dining capital.
Newtown
Words cannot capture the essence of this unique neighborhood. It is both bohemian and shabby, unconventional and trendy, hip and eclectic. To understand the appeal of this area, you need to take a stroll past the small bars of King Street and its independent boutiques. The Newtown streets are bustling with students, artists, freaks, and geeks. Additionally, Newtown is a great weekend getaway, where you can enjoy the diverse dining scene featuring everything from the excellent burgers at Mary’s to French bistros. Newton is the heart of Harbour City’s booming craft beer culture due to a raft of microbreweries in the Marrickville area. The Enmore Theatre, one of Sydney’s leading live music venues, is also in Newtown.
Bondi Beach
Bondi is one of Sydney’s trendiest and most quintessential areas, and its one-kilometer strip of golden sand speaks for itself. The variety of refined food and drink options, fitness clubs, and social events all add to the exquisite and joyous lifestyle of Bondi Beach. If you want to get a sense of this unique community, visit the Indigenous Cooee Art Gallery or the galleries at the Bondi Pavilion or stop by the annual Sculpture by the Sea. The proximity to the city makes Bondi Beach a favorite spot for affluent young professionals who balance work with parties and fun outings.
Darlinghurst
Darlinghurst is a stronghold of the LGBTQ+ community of Sydney. It is also one of the most artistic neighborhoods with a vast amount of independent art spaces such as King Street Gallery, TAP Gallery, Artery Aboriginal Art, and Stanley Street Gallery. Darlinghurst pushes as far from the mainstream as possible — you won’t find mainstream shops and chain stores here. Instead, you can enjoy independent vintage boutiques on Oxford Street. Darlinghurst is also one of Sydney’s coolest avant-garde nightspots, with cocktail venues like Charlie Parker’s, little wine bars, or unique gay bars.
Balmain
Just like most inner-city neighborhoods, Balmain has a proud working-class history. It was always a bastion of unions and labor movements — no wonder the Australian Labor Party was founded here. Nowadays, Balman is one of the most sought-after neighborhoods due to its proximity to the waterfront and business center of the city. This region is notorious for green public spaces, stylish housing, and cozy little coffee places on each corner. It is a great place to settle down and find a long-term apartment for rent.
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