Melbourne's Cheap Rentals: Affordable Accommodation for a Budget-Friendly Getaway



The Insider @ Houst
Last updated on
May 22, 2023
July 27, 2023

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Suspendisse varius enim in eros elementum tristique. Duis cursus, mi quis viverra ornare, eros dolor interdum nulla, ut commodo diam libero vitae erat. Aenean faucibus nibh et justo cursus id rutrum lorem imperdiet. Nunc ut sem vitae risus tristique posuere.

Melbourne's Cheap Rentals: Affordable Accommodation for a Budget-Friendly Getaway

I hope you enjoy reading this blog post.

If you want my team to just manage your Airbnb for you, click here.

Airbnb Management Services by Houst | Short-Term Rental Experts

About Houst

Houst is a leading property management company specialising in short-term and medium-term bookings in eight countries. With over 7 years of experience and managing over 300,000 bookings, we help homeowners make the most of their properties.

Learn More

Who said a peaceful night's sleep must be a hefty price tag? While Melbourne boasts its fair share of exquisite luxury hotels, the city also has hidden gems that offer a restful haven for under $150 per night. Whether it's a discreet heritage hotel in the city's heart or a trendy hideaway on the outskirts, accommodation Melbourne demonstrates that unforgettable nights need not cost a fortune.

To maximize affordability, consider sharing a room with friends and secure your booking well in advance. Remember, you're primarily seeking a place to recharge, so don't shy away from prioritizing location over spaciousness. Let’s have a look at some cheap rentals Melbourne! 

Table of Contents

Ibis Melbourne Central

cheap rentals melbourne

Discover the prime location of Ibis Melbourne Central, nestled on Little Lonsdale Street between Elizabeth and Queen. This hotel offers unparalleled convenience, placing you near Melbourne's finest attractions. Immerse yourself in the cultural scene with the iconic Princess Theatre, the elegant St Paul's Cathedral, and the vibrant Federation Square just a stroll away. Moreover, the hotel resides near the renowned dining establishments of Hardware Lane, ensuring a delightful culinary experience.

While the rooms at Ibis Melbourne Central may be compact, they prioritize cleanliness and comfort. Despite their size, these cozy accommodations provide a welcoming environment for a rejuvenating stay. Indulge in the knowledge that you can unwind in a snug and well-maintained space after a day of exploration in the city.

Oaks On Collins

Situated on Collins Street, a stone's throw away from Flinders Street Station and the picturesque Yarra River, this charming hotel showcases its Victorian architecture while offering an array of delightful leisure amenities. Enjoy a delectable dining experience with refreshing drinks at the on-site restaurant and bar. Stay active and invigorated by using the fitness centre and pool, or simply unwind in the soothing ambience of the sauna. 

Each apartment is thoughtfully equipped with modern conveniences, including an en suite bathroom, cable TV, cooking facilities, and a dishwasher. Some rooms even boast the added luxury of a private balcony. It makes it the most affordable choice than opting for rooms for rent Melbourne. 

This is one of the cheap rentals Melbourne, ideally positioned for those seeking to explore Melbourne's renowned attractions. A short walk will lead you to captivating destinations such as the Sea Life Aquarium, Marvel Stadium, and the vibrant Crown Melbourne. So whether you prefer a relaxing staycation or an adventure-packed city exploration, this hotel ensures you'll be conveniently located for both.

The Victoria Hotel

cheap rentals melbourne

Experience the allure of Melbourne's history at the Victoria Hotel, a distinguished landmark that traces its roots back to the late 1800s. It’s among the most affordable rentals Melbourne. Now operating under the renowned Rydges brand, this establishment offers a blend of old-world charm and modern comfort. Nestled on the highly sought-after Little Collins Street, its central location is a true asset. The hotel's amenities include an inviting onsite bar, restaurant, fitness centre, plunge pool, spa, and sauna. Despite being rated 3.5 stars, this property offers an exceptional value proposition given its prime position.

The Victoria Hotel attracts a down-to-earth crowd, fostering a warm and welcoming environment. The friendly and approachable staff contribute to the hotel's pretension-free atmosphere, ensuring a relaxed and enjoyable stay.

For theatre enthusiasts, this hotel is an ideal choice. With the Regent Theatre, Athenaeum Theatre, Capitol Theatre, and Melbourne Town Hall just a short walk away, guests can easily access low-cost accommodations near some of Melbourne's finest performance venues. Immerse yourself in the vibrant theatre scene while enjoying the comfort and convenience provided by the Victoria Hotel.

The Jazz Corner Hotel

Calling all jazz enthusiasts! Step into the vibrant world of the Jazz Corner, a haven for music lovers that debuted in Melbourne in early 2017. This unique establishment pays homage to legendary artists such as Coltrane, Davis, and Parker while embracing and promoting emerging talents. The basement bar hosts regular live gigs, immersing you in captivating performances.

The accommodations at the Jazz Corner are a treat in themselves. Each room is a self-contained studio or a spacious two-bed apartment adorned with stylish touches of leather, wood, and cool blues. LP sleeves adorn the walls, adding a nostalgic charm to the ambience. While the apartments feature fully equipped kitchens, you can also order room service. 

What makes this experience even more enticing is the proximity of Bird's Basement jazz club, located just below the hotel. Enjoy the rhythmic melodies, soulful tunes, and electrifying performances, creating lasting memories in the heart of Melbourne's jazz scene. It’s one of the cheap rentals Melbourne when it comes to amenities and comfort! 

Atlantis Hotel Melbourne

Don't let the affordable price of around $120 per night deceive you—expect a pleasant surprise at the Atlantis Hotel. While it may be considered budget-friendly, this establishment goes above and beyond by offering a range of luxurious amenities. Dive into relaxation at the heated indoor swimming pool or maintain your fitness routine at the well-equipped fitness centre. The comfort continues in the rooms equipped with flat-screen TVs for your entertainment.

If you're seeking guidance on exploring the city, head to the tour desk located in the lobby. The knowledgeable staff can recommend local attractions and assist with travel ideas, ensuring you maximise your time in Melbourne.

For travellers catching an early regional train ride or embarking on an overseas trip, the Atlantis Hotel is a convenient choice. Situated near Southern Cross Station, it offers unparalleled accessibility. Worried about oversleeping? Simply request the front desk's reliable wake-up service to alleviate any concerns. With its affordable rates, convenient location, and thoughtful amenities, the Atlantis Hotel is a top choice for those seeking cheap rentals Melbourne. 

Curious to see how much you could earn on Airbnb? Schedule a free, no-strings-attached consultation with our Airbnb Management Melbourne team to uncover your property’s revenue potential.


Melbourne offers a wealth of affordable rental options for budget-conscious travellers. There is plenty of choices, from budget hotels with enticing amenities to cozy apartments with convenient locations. Whether seeking a comfortable night's sleep, exploring the city's vibrant attractions, or immersing yourself in the thriving jazz scene, cheap rentals Melbourne provide a gateway to unforgettable experiences. Visit Houst to explore guides and options, no matter if you’re looking for Airbnb Melbourne or 5 star hotels Melbourne.

The Insider @ Houst

The Insider @ Houst

The Insider team provides up-to-date and relevant information on short-term rentals to help navigate the world of short lets. If you're interested in publishing your content, please get in touch with us at

The Insider @ Houst

The Insider @ Houst

The Insider team provides up-to-date and relevant information on short-term rentals to help navigate the world of short lets. If you're interested in publishing your content, please get in touch with us at

I hope you enjoy reading this blog post!
If you want my team to just manage your Airbnb for you, just book a call.
Book a call
Click here to Get More Bookings!
See How Houst Can Elevate Your Airbnb’s Visibility
  • Listing Optimisation – Maximise your listing’s potential. Experience tangible growth.
  • Professional Photography – Captivating visuals that instantly attract guests.
  • Guest Screening – Ensuring only the best and safest guests for your property.

We hope you enjoy our blog!

If you would like to find out more about how our team can help you get the most of your Airbnb, just book a call with us.

Thank you for providing your contact information!
Oops! Something went wrong while submitting the form.