Median rent for residential apartments in as of May, 2021.
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.
33,847 Sydney NSW, Australia apartments for rent
$1,091
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Mount Street, Pyrmont NSW 2009, Australia
1 Bed
1 Bath
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Sydney
Sydney 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.
Overview
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. As a result, the city takes pride in the diverse choice of national cuisines and the environment where anyone feels welcome. The city also capitalizes on its heritage and cultural diversity with plenty of festivals, concerts, and one of the largest celebrations of Chinese New Year in the world. The most populated city in Australia has something for everyone: trendy areas of Darling Harbour and the Rocks, iconic shows at the Opera House, or the lavish ways of Bondi Beach. Sydney is a place where you can relax and enjoy the slow pace of life or indulge in countless parties in the hip neighborhoods.
Business & Economy
Sydney boasts of being on the list of the world’s most global, green, and well-connected cities. This 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. All this thanks to the stable political system, favorable investment climate, and comprehensive urban development programs. The local business community is young, innovative, and future-focused. Sydney also strives for sustainable and green energy — those goals are outlined in the strategic plan Sustainable Sydney 2030.
Culture
The city government invests $36.5 million in cultural initiatives each year. This involves sponsoring influential festivals such as the Biennale of Sydney and Sydney Festival, organizing massive public events like Art & About Sydney and New Year's Eve celebrations, as well as funding new public art centers and creative communities. The council of the city subsidizes tickets for various performances and theatre for younger viewers through Shopfront Arts Co-op. In such a way, young people have access to affordable tickets to live performances and engage in the city’s cultural life. Another unprecedented initiative of Sydney authorities is the creative hoardings program. Developers who construct new buildings must place on the exterior walls art of living Australian artists or historical images appropriate to the area. Developers can choose the artist to their liking or utilize artworks commissioned by the City of Sydney for free.
Outdoors
Sydney is truly a green city, amazing for all outdoor lovers —there are more than 400 parks and public spaces. Sydney's parks comprise an area of more than 1.8 square kilometers (or 0.69 square miles). This includes a wide range of various green spaces, from the iconic and rigorously planned central parks to cozy neighborhood parks. 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 locals parks around Sydney provide a great opportunity 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. There can be up to 350,000 vehicles utilizing the city's roads simultaneously during the rush hour, which causes significant traffic congestion. 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. This results in an ongoing urban planning crisis in terms of parking and accommodating this immense number of vehicles. During recent decades, the city council mounted an effort to improve public transportation. Right now, Sydney's public transportation system constitutes a comprehensive network of city trains, buses, and ferry rides. In addition, there are light rail trains, airport connectors, and sightseeing buses. Sydney's intricate metropolitan train network not only connects the broader region with the inner city, but it also links nearby towns and attractions such as the Hunter Valley and Newcastle to the north, the Blue Mountains to the west, and Wollongong to the south. Trains operate from 4 am to around midnight on most train lines, and buses move through the city almost 24 hours a day. This makes getting around the city easier for those who prefer to stay away from driving.
Housing Trends
Sydney NSW, Australia Housing Trends
Average rent in Sydney: $2,197 (+6.7%)
| Rent Price | May | vs Last Month |
|---|---|---|
| 1 bed apartments | $1,818 | +13% |
| 2 bed apartments | $2,104 | +5.1% |
| 3 bed apartments | $2,699 | +3.5% |
| 4+ bed apartments | $2,735 | -1% |
Over the May 2021, the average rent for an apartment in/near Sydney NSW, Australia increased by 6.7% to 2.197 AU$.
Breaking it down in details, we now see that the average price for 1-bed apartment stands at 1.818 AU$ with no changes this month. Pricing for 2-bed apartment remains the same, a place of this size will still cost you 2.104 AU$. Reports state that an average 3-bed apartment pricing did not change, so you can still get yourself one for 2.699 AU$. Consequently, we now see that the 4- and more bed apartments pricing stays the same, so you can still face an estimate price around 2.735 AU$ for a big-family home.
| Rent Type Price | May | vs Last Month |
|---|---|---|
| Apartment rentals | $2,147 | +5.1% |
| Townhouse rentals | $2,438 | +5% |
| Room rentals | $1,273 | +28.6% |
| House rentals | $2,517 | -1.5% |
| Duplex rentals | $2,995 | +6.3% |
Looking at the median rent price for an apartment in Sydney NSW, Australia, you can note that it remains flat with a price tag of 2.147 AU$. The median rent for a house is still 2.517 AU$ with no significant changes this month. An average duplex is now available for 2.995 AU$, cause median rent for a duplex remains the same this month. If you’re looking for a room, the price tag still starts at 1.273 AU$. The median price did not change this time. Townhouse rent pricing didn’t change, the price still starts at 2.438 AU$.
Finding Apartments in Sydney
The rental market in Sydney is very competitive and quite expensive. Rental bidding is the common thing, and you can end up paying double the initial price just to outbid your competitors. Even a modest one-bedroom apartment for rent in Surry Hills can cost up to $2000. Renting a flat or a house in the eastern suburbs is also a high-budget option. 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 Western suburbs. This area is well-connected to the city center via the City rail, which provides a comfortable commute. In general, the options to rent a property are quite diverse. Short-term apartment rentals can be quite costly since holiday rentals are extremely popular in Sydney. Nevertheless, you still can find affordable long-term rentals, especially if you decide to explore the suburbs.
Sydney Neighbourhoods
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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