Distance: 8.8km from the CBD. Rent average: $185/week private room. West is Best. West Footscray is a suburb with plenty going for it in the share house market. It's exceptionally well serviced for public transport, has major retail hubs on both sides, Victoria University is within walking distance and the CBD is only minutes away. In.. Being the second most populous city in Australia, it would be fair to assume that rental prices in Melbourne would come at a premium. However,. In fact, the top 14 most affordable suburbs of Melbourne are all located to the west of the city, including Albion, Kurunjang, Hoppers Crossing, Werribee, Darley, Bacchus Marsh, Wyndham Vale, St.

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Top 5 cheapest suburbs in Melbourne. According to a new joint study released by Aussie Home Loans/CoreLogic - Australia's most affordable suburbs - the suburb of Melton is the cheapest suburb in Melbourne with a median house price of $389,190. This is the only Melbourne suburb where you can buy a detached house for under $400k.. Watsonia, Dandenong and Frankston were the most affordable liveable suburbs in Melbourne, with median rental prices of $360 to $380 per week. The recent Domain Liveable Melbourne study by Deloitte.