Cheapest house rents in Adelaide ranked by suburbs and pricing

[ad_1]

Rental affordability is at its worst in Adelaide but there are more than 110 suburbs where rents are still below the state’s median house rent. See full list.

Those looking to rent a house in Adelaide are facing their worst nightmare. While rents continue to surge, demand for homes is outstripping supply and the vacancy rate has dropped to its lowest.

According to latest Proptrack data, Adelaide’s current median asking house rent is $450 a week. Same time, last year it was $410.

The data shows there are 111 suburbs in Greater Adelaide where the median rental asking price for a house sits below $450 a week.

There are 16 suburbs, all located in Adelaide’s north, where median house rents range from $280 to $350 a week and 23 suburbs where you can rent a house for $355 to $395 a week.

Elizabeth South is the only suburb where median house rents are still under $300 a week. The gross rental yield here is also up by 5.7 per cent since last year.

The largest pool of suburbs (36) is where the median asking house rent is $400 to $425 a week. It includes a mix of suburbs spread throughout Adelaide. These include Parafield Gardens ($400), Kilburn ($400), Aldinga Beach ($400), Ingle Farm ($410), Mansfield Park ($410), Woodville ($415), Athol Park ($420), Alberton ($425), Enfield ($450) and Tea Tree Gully ($425), to list a few.

According to property management specialist Moni Mazzeo of Rental Property Network, given how the rental crisis is worsening, tenants will have to look further north for rental homes. “There is huge pressure on the rental market and it’s not relieving. We have been advising everyone to look further out. It may not be ideal but it is important in such a situation,” Ms Mazzeo said.

“Last month, we leased 20 properties and we had received nearly 1200 applications for them. I have been working in property management for nearly three decades and I have never come across such a situation,” she said.

“What renters are currently facing is heartbreaking.”

ADELAIDE’S CHEAPEST MEDIAN ASKING HOUSE RENTS

(Suburb, Rent)

FOR $280-$350 A WEEK:

Elizabeth South, $280

Elizabeth Grove, $295

Davoren Park, $300

Elizabeth North, $305

Elizabeth Downs, $320

Elizabeth East, $320

Smithfield Plains, $320

Smithfield, $325

Elizabeth Park, $325

Elizabeth Vale, $328

Evanston, $330

Elizabeth, $335

Gawler West, $340

Direk, $350

Salisbury North, $350

Munno Para, $350

FOR $355-$395 A WEEK:

Gawler East, $355

Hackham West, $360

Salisbury, $360

Gawler South, $360

Andrews Farm, $365

Craigmore, $365

Para Hills West, $365

Huntfield Heights, $370

Munno Para West, $370

Evanston Gardens, $375

Salisbury Downs, $375

Willaston, $375

Salisbury Plain, $380

Salisbury Park, $380

Brahma Lodge,$380

Peterhead, $385

Christies Beach, $385

Hackham, $388

Blakeview, $390

O’Sullivan Beach, $390

Paralowie, $390

Salisbury East, $395

Christie Downs, $395

FOR $400-$425 A WEEK:

Glanville, $400

Parafield Gardens, $400

Reynella, $400

Noarlunga Downs, $400

Kilburn, $400

Aldinga Beach, $400

Para Hills, $400

Taperoo, $400

Morphett Vale, $400

Seaford Rise, $400

Pooraka, $403

Maslin Beach, $405

Nairne, $410

Ingle Farm, $410

Woodville North, $410

Woodside, $410

Mansfield Park, $410

Exeter, $410

Evanston Park, $415

Woodville, $415

Burton, $415

Reynella East, $415

Beverley, $420

Eyre, $420

Old Reynella, $420

Evanston South, $420

Sellicks Beach, $420

Pennington, $420

Hendon, $420

Rosewater, $420

Woodville Gardens, $420

Athol Park, $420

Hillbank, $420

Alberton, $425

Banksia Park, $425

Tea Tree Gully, $425

FOR $430-$440 A WEEK:

Mount Barker, $430

Ridgehaven, $430

St Clair, $430

Tonsley, $430

Forestville, $430

Devon Park, $430

Ferryden Park, $430

Port Willunga, $430

Croydon, $430

Seaford Meadows, $430

Holden Hill, $430

Moana, $430

Para Vista, $430

Hilton, $430

Ottoway, $433

Port Noarlunga, $433

Ovingham, $435

West Richmond, $435

Modbury, $435

Fairview Park, $438

Bedford Park, $438

Surrey Downs, $440

Woodcroft, $440

Seaford, $440

Clearview, $440

Valley View, $440

Croydon Park, $440

Royal Park, $440

Blair Athol, $440

Hope Valley, $440

Seaford Heights, $440

FOR $445-$448 A WEEK:

Daw Park, $445

Modbury North, $445

Cheltenham, $445

McLaren Vale, $448

West Hindmarsh, $448

Source: PropTrack

Originally published as Cheapest house rents in Adelaide ranked by suburbs and pricing

Read related topics:Adelaide

[ad_2]

Source link