You'll need $120,467/yr to live in Mt Martha.
The 30%-rule benchmark for a single person, based on quarterly government bond data.
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 Mt Martha
Closest to the $120,467/yr the 30% rule needs is highlighted.
Rent details
Nearby suburbs
About renting in Mt Martha
Mt Martha's median weekly rent is $695 a week, placing it in the most expensive quarter of the 168 Melbourne suburbs NestLedger tracks. This is premium territory for the area, and budget-focused renters usually look at least one suburb further out.
Rents have climbed a moderate 3.7% over the past year. Bond-lodgement medians go from $622 in 2023-Q4 to $695 in 2025-Q3. That is a steady drift upward rather than a spike, but it still compounds against a flat salary.
Using the 30% affordability benchmark, a single renter needs about $120,467 a year to take on Mt Martha's median weekly rent without overextending (based on the $695/wk all-dwellings median, single household).
If Mt Martha stretches the budget, the nearest cheaper options NestLedger tracks are Glen Waverley ($550/wk), Mount Waverley ($280/wk), Mulgrave ($550/wk), close enough to keep the same commute patterns while cutting the weekly rent.
Is Mt Martha expensive to rent in?
Mt Martha's median weekly rent is $695/wk, above the middle of the 168 Melbourne suburbs NestLedger tracks (145 tracked suburbs are cheaper).
What salary do I need to rent in Mt Martha?
About $120,467 a year for a single renter under the 30% rule: annual income = (weekly rent × 52) ÷ 0.3, using based on the $695/wk all-dwellings median, single household.
Is rent in Mt Martha going up?
Over the past year the median weekly rent moved +3.7%, from $622 in 2023-Q4 to $695 in 2025-Q3.
What are cheaper suburbs near Mt Martha?
Glen Waverley at $550/wk, Mount Waverley at $280/wk, Mulgrave at $550/wk, the closest tracked suburbs with a lower single-basis rent.
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.