All 24 neighborhoods in Sydney ranked by cost of living index. Updated 2026.
| # | Neighborhood | 1BR Rent | Index | vs Avg |
|---|---|---|---|---|
| 1 | Bankstown | $1,584/mo | 0.72x | -28% |
| 2 | Hornsby | $1,716/mo | 0.78x | -22% |
| 3 | Parramatta | $1,804/mo | 0.82x | -18% |
| 4 | Ryde | $1,804/mo | 0.82x | -18% |
| 5 | Marrickville | $1,980/mo | 0.90x | -10% |
| 6 | Cronulla | $1,980/mo | 0.90x | -10% |
| 7 | Lane Cove | $2,024/mo | 0.92x | -8% |
| 8 | Chatswood | $2,090/mo | 0.95x | -5% |
| 9 | Redfern | $2,244/mo | 1.02x | +2% |
| 10 | Newtown | $2,310/mo | 1.05x | +5% |
| 11 | Neutral Bay | $2,310/mo | 1.05x | +5% |
| 12 | Glebe | $2,376/mo | 1.08x | +8% |
| 13 | Manly | $2,420/mo | 1.10x | +10% |
| 14 | Balmain | $2,420/mo | 1.10x | +10% |
| 15 | Darlinghurst | $2,464/mo | 1.12x | +12% |
| 16 | Coogee | $2,464/mo | 1.12x | +12% |
| 17 | Kirribilli | $2,464/mo | 1.12x | +12% |
| 18 | Surry Hills | $2,530/mo | 1.15x | +15% |
| 19 | Paddington | $2,530/mo | 1.15x | +15% |
| 20 | Pyrmont | $2,596/mo | 1.18x | +18% |
| 21 | Bondi | $2,684/mo | 1.22x | +22% |
| 22 | CBD | $2,750/mo | 1.25x | +25% |
| 23 | Mosman | $2,816/mo | 1.28x | +28% |
| 24 | Double Bay | $2,860/mo | 1.30x | +30% |
Rent estimates based on city average of $2,200/mo adjusted by neighborhood cost index. Index 1.00 = city average.
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Open a Wise Account →The cheapest neighborhood in Sydney is Bankstown, with an estimated 1-bedroom rent of $1,584/month — 28% below the city average.
The average 1-bedroom rent in Sydney is approximately $2,200/month. Rents range from $1,584/mo (Bankstown) to $2,860/mo (Double Bay).
Our database covers 24 neighborhoods in Sydney, each with detailed cost-of-living and salary data.