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Adelaide's Top Suburbs For Rental Income

Updated: Jan 14, 2021

We've tracked down the latest data for the March quarter on rents across South Australia. It is well known that Adelaide offers some of the highest rental yields of Australia's capital cities, so investors typically try to find the suburbs offering the highest rent.

In some cases, the results are surprising and go to show that investors can find higher returns by picking properties in Adelaide's sought-after inner suburbs. But there are some more affordable, less sought-after suburbs that feature in the top 20, showing that bargains can be found by astute investors.

In our analysis below, we go through Adelaide's top 20 suburbs by median rent across apartments and houses. We disaggregate the data further by dividing the results by the number of bedrooms


The following charts show the top suburbs by median rent for apartments. The median rent for apartments across metropolitan Adelaide is $325.

These charts reveal some interesting themes:

  • The top suburbs for 1 bedroom apartments tend to be on the city fringe and developing areas with new apartments like Bowden.

  • Single bedroom apartments in Eastwood attract over $50/week more in rent than the next highest suburb, Gilberton.

  • For larger apartments, the top median rents can be found in beachside suburbs (Glenelg, Henley Beach) and Adelaide's eastern suburbs (Walkerville, Hazelwood Park).

  • There isn't as strong a relationship between median apartment prices and rents as you would expect.


The charts below show the top suburbs by median rent for houses. The median rent for houses in metropolitan Adelaide is $380.

The median rent for houses in Adelaide is

  • Smaller houses (1-2 bedrooms) with the highest median rents are found in Adelaide's beachside and inner north-eastern suburbs. Kent Town is an outlier, attracting $600/week rent on average for 2 bedroom houses.

  • Larger houses (3+ bedrooms) with the highest median rents are mainly located in Adelaide's Eastern suburbs and the Adelaide Hills (Aldgate and Crafers).

  • Rents for 3 bedroom houses are over $100 more expensive in Rose Park than the second highest suburb, Medindie.


If you're investing in property to maximise your rental income, it's best to consider popular city fringe suburbs and other areas that command higher rents due to their good location. In some cases, higher rents are not related to steeper house prices, meaning investors can take advantage of the greater yield on their investment.

For more information and if you have questions, contact us:

Phone: 1300 944 039

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