Melbourne · VIC · 3044

You'll need $73,667/yr to live in Pascoe Vale South.

The 30%-rule benchmark for a single person, based on quarterly government bond data.

1BR median rent
$425/wk
Annual rent change
+6.2%
Rental stress (median income)
No
Bonds lodged
i
Rent data is reported as a grouped area
Homes Victoria publishes a single median for Pascoe Vale South together with Coburg. The figures shown here apply to the whole grouped area.

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 Pascoe Vale South

Closest to the $73,667/yr the 30% rule needs is highlighted.

Rent details

1 BR
$425/wk
2 BR
$550/wk
3 BR
$700/wk
4+ BR
$850/wk
Annual change
+6.2%
Quarterly change
+3.4%

Suburb affordability ledger

ABS Census 2021 (income WPI-indexed to 2026) · rent vs household income

Household income (est. 2026)
$2,650/wk
Median age
39
Avg household size
2.7
Rent-to-income
23%

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.

About renting in Pascoe Vale South

Pascoe Vale South's 1-bedroom median rent is $425 a week, a little under the middle of the 168 Melbourne suburbs NestLedger tracks, with 79 tracked suburbs coming in cheaper. It is not a bargain pocket, but renters get in below the local median.

Rents have climbed a moderate 6.2% over the past year. Bond-lodgement medians go from $530 in 2023-Q4 to $600 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 $73,667 a year to take on Pascoe Vale South's 1-bedroom median rent without overextending (based on the $425/wk 1BR median, single household). On the local median household income, Pascoe Vale South stays under the 30% line: the typical household here is not in rental stress.

If Pascoe Vale South stretches the budget, the nearest cheaper options NestLedger tracks are Pascoe Vale ($280/wk), West Brunswick ($400/wk), Coburg North ($280/wk), close enough to keep the same commute patterns while cutting the weekly rent.

Is Pascoe Vale South expensive to rent in?

Pascoe Vale South's 1-bedroom median rent is $425/wk, below the middle of the 168 Melbourne suburbs NestLedger tracks (79 tracked suburbs are cheaper).

What salary do I need to rent in Pascoe Vale South?

About $73,667 a year for a single renter under the 30% rule: annual income = (weekly rent × 52) ÷ 0.3, using based on the $425/wk 1BR median, single household.

Is rent in Pascoe Vale South going up?

Over the past year the 1-bedroom median rent moved +6.2%, from $530 in 2023-Q4 to $600 in 2025-Q3.

What are cheaper suburbs near Pascoe Vale South?

Pascoe Vale at $280/wk, West Brunswick at $400/wk, Coburg North at $280/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.