You'll need $76,267/yr to live in Glen Iris.
The 30%-rule benchmark for a single person, based on quarterly government bond data.
Location
Melbourne, VIC
Rent trend
Quarterly median rent
Can you afford it on your salary?
Pick your bracket to see weekly leftover, budget breakdown and cheaper alternatives in Glen Iris
Closest to the $76,267/yr the 30% rule needs is highlighted.
Rent details
Suburb affordability ledger
ABS Census 2021 (income WPI-indexed to 2026) · rent vs household income
Household income is the 2021 Census median indexed forward to 2026 by ABS wage growth; rent-to-income and stress compare current rent to that estimate.
Nearby suburbs
About renting in Glen Iris
Glen Iris's 1-bedroom median rent is $440 a week, which lands in the upper half of the 168 Melbourne suburbs NestLedger tracks. Most of the surrounding market is cheaper, so renters here are paying a premium over the typical local asking rent.
There is not yet enough quarterly history in the bond data to describe a rent trend for Glen Iris, so the current median is the figure to work from.
Using the 30% affordability benchmark, a single renter needs about $76,267 a year to take on Glen Iris's 1-bedroom median rent without overextending (based on the $440/wk 1BR median, single household). On the local median household income, Glen Iris stays under the 30% line: the typical household here is not in rental stress.
Within its immediate area, Glen Iris is already one of the cheaper picks: nearby East Hawthorn asks $490/wk. Renters trading down from here generally need to change area rather than suburb.
Is Glen Iris expensive to rent in?
Glen Iris's 1-bedroom median rent is $440/wk, above the middle of the 168 Melbourne suburbs NestLedger tracks (117 tracked suburbs are cheaper).
What salary do I need to rent in Glen Iris?
About $76,267 a year for a single renter under the 30% rule: annual income = (weekly rent × 52) ÷ 0.3, using based on the $440/wk 1BR median, single household.
Is rent in Glen Iris going up?
There is not yet enough quarterly bond data to describe a trend for Glen Iris.
How is the salary needed calculated?
The salary needed uses the 30% rule: annual income required = (weekly rent x 52) / 0.3. This is a widely used affordability benchmark: spending more than 30% of gross income on rent is considered "rental stress".
Where does the rent data come from?
Rent data comes from government bond lodgement records: NSW DCJ, QLD RTA, VIC DFFH, SA Consumer and Business Services via SA Housing Authority, and Tasmania Department of Justice rental bond data. This covers actual bonds lodged, making it one of the most reliable rent data sources in Australia.