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Budget rental properties
Budget rental properties are rental properties that are available for rent at a reduced price or below the median price for other similar rental homes in the same district.
Budget rental properties in Australia
Budget rentals: FAQs
What is a budget rental property?
Budget rental properties are rental homes that are available at a reduced rental price for a variety of reasons. There may be an oversupply of homes for rent in the same district, or the rental home may be lacking in facilities or its general appearance.
For example, a budget rental may have smaller rooms, less storage, tired appearance, older appliances, no parking, minimal storage, or no lift access. Whatever the reason, budget rentals provide an opportunity for renters to find a suitable home for a more affordable price in the suburb they wish to live.
How can I get cheaper rent?
If you believe a rental provider is charging too much rent, you could approach them and ask for a discount. You must, however, give a legitimate reason, such as changes to the rental market or a significant reduction in the quality of the property.
How do I find a good cheap rental?
The best way to find a good rental property that sits within your budget is to be patient. Of course, this isn’t always possible. Check trusted rental websites daily, so that you never miss a new listing. Top-quality, affordable rental properties tend to get snapped up fast.
How can I find a cheap house to rent?
To find a cheap house to rent, visit a rental listing website like RentEzy. Then, use the search function on the rental properties page to select a price range that you can afford. You may or may not like to include a location, too. You will then see available properties that fall within your budget.
What state has the cheapest rent in Australia?
As of November 2019, Western Australia has the cheapest rent in Australia.
We examined median rental prices across the country and their relation to income in a recent article: Affordable rentals Australia: How does your state measure up?
What is the cheapest rent in Sydney?
The cheapest rent in Sydney can be found in the outer suburbs, including Fairfield, Campbelltown, Canley Vale, Blackett, Leumeah, Werrington, and Mt Druitt. Across these more affordable suburbs, the cheapest rents are around $330 per week, which will secure you a small apartment.
How can I rent with no income?
Typically, renters need to prove their ability to pay rent on time before they will be approved for a rental property. That being said, if you don’t currently have an income, you may still be able to secure a rental home. Here are a few options to consider:
- Opt for a private rental property rather than a property managed by an estate agent
- Prove that you have ample savings
- Prove that you will be employed in the near future
- Offer to start renting on a month-to-month basis
- Pay a few months’ rent upfront as a deposit
- Get someone that does earn a regular income to co-sign your lease
What is considered cheap rent?
Whether or not a rental is considered cheap depends on several factors, including the size, condition, and location of the property. For example, a property that is priced right on the median but offers special features (such as a swimming pool or a renovated kitchen) may be considered cheap.
Learn more about how rental prices are calculated.
Find an affordable rental property today
Whatever your budget, discover a rental property that meets your needs today. Happy house hunting.