Affordable Rentals in South Morang

Find your perfect rental in Cranbourne. We connect you with a variety of secure, long-term leasing options, helping you find affordable rentals that feel like home.

Living in South Morang

South Morang is a well-established northern suburb that combines genuine neighbourhood character with strong transport links and a full suite of local amenities.

Home to the northern terminus of the South Morang rail line, this is a suburb with real connectivity built in. With good schools, open parks, and a relaxed but active community, South Morang is a smart choice for families who want stability without compromise.

Available Rental Properties

Our latest affordable rentals, designed to make quality, secure living more accessible. All homes listed here are part of an affordable housing program and are offered at reduced rental rates.

Affordable housing eligibility requirements apply, so you are encouraged to use our eligibility check prior to enquiring.  Household size and gross household income must fall within affordable housing limits.

508/132 Kavanagh Street,
Southbank,
VIC
3006

Southbank Apartment, Melbourne

$536 / week

Available from 30 March 2026
Live close to where your career is taking you – without compromising on design, comfort or lifestyle. This one-bedroom apartment is available at a 25-30% discount to market rate for eligible applicants.

$536 per week

Take the first step
To check is you are eligible for a rental discount enquire today. Our team is here to guide you through the process. Enquire now.

Apartment features:
Bright, open living spaces with floor-to-ceiling windows.
Modern kitchens with induction cooktops and full-sized ovens.
Ducted air conditioning throughout.
Private balconies in many apartments.
Kitchen comes equipped with full-sized oven and cooktop.
White goods included (fridge, dishwasher, washing machine, and clothes dryer).

Community Perks:
Private kitchen and several private dining and entertainment rooms*.
Outdoor landscaped gardens with barbecues and rooftop terraces*.
Heated outdoor pool, sauna and games room.
Fully equipped gym and co-working spaces.
Pet-friendly apartments

*Disclaimer:
Weekly rental rates and eligibility criteria are subject to change based on Affordability Scheme legislation and household composition. Pets are subject to approval. Exclusive use of dining and entertainment rooms is subject to availability and approval. Additional terms and conditions, and fees and charges may apply.

View Listing

507/132 Kavanagh Street,
Southbank,
VIC
3006

Southbank Apartment, Melbourne

$536 / week

Available from 30 March 2026
This one bedroom apartment is available at a discount to market rates for eligible applicants making it easier to live where your career is taking you – without compromising on design, comfort or lifestyle.

$536 per week

Southbank apartments applies the following eligibility criteria:
– You (or the primary applicant) are at least 18 years old.
– All household members are Australian citizens or hold appropriate residency status.
– You do not own residential or commercial property.
– All adults in the household have a stable rental history.
- The required two (2) Income Thresholds listed below are met.

1. Maximum Household Taxable Income
We need to assess your Maximum Household Taxable Income in accordance with the Income Tax Assessment (Build to Rent Developments) Determination 2024. Your household taxable income is based on the most recent Notice of Assessment(s) from the Australian Taxation Office. In order to meet this criteria, your taxable income for the household mix cannot be higher than that outlined below.

Household composition:
– One (1) adult = AUD $127,988 p.a.
– Two (2) adults = AUD $138,654 p.a.
– One (1) or two (2) adults + child(ren) = AUD $149,320 p.a.

2. Household Income Limit
We also need to assess your Household Income, which is a little different to your Household Taxable Income. Household Income Limit is calculated by annualising your last three pay slips to estimate your gross annual income, in addition to adding any other funds you may have received throughout the year (for example, child support payments, Centrelink assistance or dividend payments).

Household composition:
– One (1) adult = AUD $74,080 p.a.
– Two (2) adults = AUD $111,110 p.a.
– One (1) or two (2) adults + child(ren) = AUD $155,550 p.a.

Take the first step
To check if you are eligible for a rental discount enquire today. Our team is here to guide you through the process. Enquire now.

Apartment features:
Bright, open living spaces with floor-to-ceiling windows.
Modern kitchens with an induction cooktop and a full-sized oven.
Ducted air conditioning throughout.
Private balconies in many apartments.
White goods are included (fridge, dishwasher, washing machine and clothes dryer).

Community perks*:
Private kitchen and private dining and entertainment rooms.
Outdoor terrace with landscaped gardens and barbecues.
Heated outdoor pool, sauna and games room.
Fully-equipped gym and co-working spaces.
Pet-friendly apartments

*Disclaimer:
Weekly rental rates and eligibility criteria are subject to change based on Affordability Scheme legislation and household composition. Pets are subject to approval. Exclusive use of dining and entertainment rooms is subject to availability and approval, additional terms and conditions, and fees and charges may apply. Bike storage is available on a limited, first-in basis. EV charging is available on a limited, first-in basis, additional terms and conditions and fees may apply. Car park spaces are subject to availability, additional terms and conditions and fees apply.

View Listing

3001/132 Kavanagh Street,
Southbank,
VIC
3006

Southbank Apartment, Melbourne

$498 / week

Available from 30 March 2026
This studio apartment is available at a 25-30% discount to market rates for eligible applicants making it easier to live where your career is taking you — without compromising on design, comfort or lifestyle.

$498 per week

Take the first step
To check if you are eligible for a rental discount enquire today. Our team is here to guide you through the process. Enquire now.

Apartment features:
Bright, open living spaces with floor-to-ceiling windows.
Modern kitchens with induction cooktops and full-sized ovens.
Ducted air conditioning throughout.
Private balconies in many apartments.
Kitchen comes equipped with full-sized oven and cooktop.
White goods included (fridge, dishwasher, washing machine, and clothes dryer).

Community perks*:
Private kitchen and private dining and entertainment rooms.
Outdoor terrace with landscaped gardens and barbecues.
Heated outdoor pool, sauna and games room.
Fully-equipped gym, bike storage and co-working spaces.
Pet-friendly apartments

*Disclaimer:
Weekly rental rates and eligibility criteria are subject to change based on the Affordability Scheme legislation and household composition. Pets are subject to approval. Exclusive use of dining and entertainment rooms is subject to availability and approval, additional terms and conditions, and fees and charges may apply. Bike storage is available on a limited, first-in basis.


View Listing

901/132 Kavanagh Street,
Southbank,
VIC
3006

Southbank Apartment, Melbourne

$498 / week

Available from 30 March 2026
Live close to where your career is taking you – without compromising on design, comfort or lifestyle. This studio apartment is available at a reduced rate for eligible applicants. Enquire now.

$498 per week

Are you eligible?
– You (or the primary applicant) are at least 18 years old.
– All household members are Australian citizens or hold appropriate residency status.
– You do not own residential or commercial property.
– All adults in the household have a stable rental history.
- The required two (2) Income Thresholds listed below are met.

1. Maximum Household Taxable Income
We need to assess your Maximum Household Taxable Income in accordance with the Income Tax Assessment (Build to Rent Developments) Determination 2024. Your household taxable income is based on the most recent Notice of Assessment(s) from the Australian Taxation Office. In order to meet this criteria, your taxable income for the household mix cannot be higher than that outlined below.

Household composition:
– One (1) adult = AUD $127,988 p.a.
– Two (2) adults = AUD $138,654 p.a.
– One (1) or two (2) adults + child(ren) = AUD $149,320 p.a.

2. Household Income Limit
We also need to assess your Household Income, which is a little different to your Household Taxable Income. Household Income Limit is calculated by annualising your last three pay slips to estimate your gross annual income, in addition to adding any other funds you may have received throughout the year (for example, child support payments, Centrelink assistance or dividend payments).

Household composition
– One (1) adult = AUD $74,080 p.a.
– Two (2) adults = AUD $111,110 p.a.
– One (1) or two (2) adults + child(ren) = AUD $155,550 p.a.

Take the first step
To check if you are eligible for a rental discount get in touch with us today.

Apartment features:
Bright, open living spaces with floor-to-ceiling windows.
Modern kitchens with an induction cooktop and a full-sized oven.
Ducted air conditioning throughout.
Private balconies in many apartments.
White goods are included (fridge, dishwasher, washing machine and clothes dryer).

Community perks*:
Private kitchen and private dining and entertainment rooms.
Outdoor terrace with landscaped gardens and barbecues.
Heated outdoor pool, sauna and games room.
Fully-equipped gym, bike storage and co-working spaces.
Pet-friendly apartments

*Disclaimer:
Weekly rental rates and eligibility criteria are subject to change based on Affordability Scheme legislation and household composition. Pets are subject to approval. Exclusive use of dining and entertainment rooms is subject to availability and approval, additional terms and conditions, and fees and charges may apply. Bike storage is available on a limited, first-in basis.

View Listing

Why Rent in Cranbourne?

Renting in South Morang means solid transport, quality schools, and a community that’s already put down roots.

Transport
  • South Morang Train Station: The northern terminus of the Hurstbridge line, with regular services to the Melbourne CBD.
  • Road Access: Easy connections to the Yan Yean Road and Ring Road for broader metropolitan travel.
  • Buses: Local bus routes connect South Morang to Epping, Doreen, and the surrounding area.
Schools & Education
  • Top Schools: Home to South Morang Primary and close to Plenty Valley Christian College and Epping Secondary College.
  • Early Learning: A strong range of childcare and kindergarten options across the suburb.
Parks & Community
  • Green Spaces: Plenty Gorge Parklands and local reserves provide a natural backdrop to everyday life.
  • Active Community: Sporting clubs, community gardens, and local events keep the suburb connected.
Services & Amenities
  • Shopping: Westfield Plenty Valley and local retail strips cover everyday needs.
  • Healthcare: Northern Hospital and a range of local medical centres serve the area.
  • Employment: Growing employment across retail, healthcare, education, and the local services sector.

Discover South Morang

Whether you’re looking for train access, green space, or a suburb that already feels like home, South Morang delivers.

Quality Homes

We partner with trusted builders to offer rental homes featuring practical layouts, private gardens, and modern, energy-efficient inclusions.

Close Proximity

Our listed properties are situated within easy reach of schools, shops, and green spaces, making it an ideal suburb for a balanced lifestyle.

Convenient Access

Enjoy reliable connectivity via South Morang Train Station and the Ring Road, linking you effortlessly to the Melbourne CBD and beyond.

Community

Experience a suburb with its own identity — established, engaged, and a genuinely good place to raise a family.

Who is Essence Homes?

Finding long-term, affordable housing is a significant challenge for many Australians. Essence Homes exists to change that. Our platform is purpose-built to bridge the gap between housing demand and the critical need for affordability.

We are a community-focused listings platform designed to make it easier for renters to find a place that truly feels like home. 

Affordable

Priced to align with your income and offered below standard market rates.

Flexible

Designed to suit the needs of families, couples, and individuals alike.

Convenient

Strategically located near essential services, including schools, shops, and public transport.

Stable

Offering long-term tenancies so you can put down roots.

Frequently Asked Questions

What is considered an "affordable home" in Australia?

An affordable home is a rental property offered at a lower price than typical market rates. These homes are designed to help people on low to moderate incomes by keeping rent at a more manageable level. They’re usually provided by community housing organisations, government programs, or some private developers.

Eligibility usually depends on income thresholds, household size, residency status and local demand. Specific criteria are set by each state or provider. You can utilise our Household Eligibility Calculator to check your specific circumstances and see if you are eligible for a rental under an affordable housing policy. 

Applicants must satisfy criteria at the time of application and must continue to meet them on an ongoing basis, subject to the eligibility review process. 

Income limit applies: Your household’s gross annual income must be within the published limits for your household type (e.g., single, couple, family). These limits are set by Housing Australia and updated annually.

Principal Residence: The property must be your primary home.

Age Requirement: All leaseholders must be 18 years or older.

Household Size: The number of occupants must suit the property size (e.g., no overcrowding).

Documentation Required: Applicants must provide proof of income (e.g., payslips, ATO statement, Centrelink statement), photo ID, and rental references.

Rental History: Applicants must pass standard tenancy checks (no serious breaches or arrears).

Annual Reviews: Eligibility and income will be reviewed annually. Rent may adjust if your income changes.

No Subletting: Subletting is not permitted.

Bond & Rent in Advance: One month’s rent (at the discounted rate) plus bond is payable before move-in.

Lease Term: Minimum 12 months; up to 5 years available if eligibility continues.

To help us process your application smoothly and confirm your eligibility for the affordable housing scheme, we will ask you to provide a few key documents. Preparing these in advance can make the process much faster. Generally, you will need to supply:

  • Proof of identity: You will need to complete a 100-point ID check. This can include a driver’s licence, passport, or other government-issued photo ID for each applicant. We need this to verify who you are.
  • Proof of income: To confirm you meet the income requirements for the scheme, we’ll need documents such as your latest ATO statement from the most recent financial year, payslips covering at least 2 consecutive pay periods, recent Centrelink Income Statement.This helps us ensure the homes go to those the scheme is designed to support. 
  • Rental History: Information about your previous tenancies, including references from past landlords or property managers, helps us understand your reliability as a tenant.

When you express interest in a property, we will provide a complete checklist so you know exactly what is needed. Our friendly team is here to guide you through gathering these documents and answer any questions you might have along the way. 

Applying is straight forward! 

  1. Check your eligibility: use our Household Eligibility Calculator to ensure you understand what homes you are eligible for. 
  2. Check out our listings: Look through our range of properties (all properties available on Essence Homes are offered under an affordable housing scheme, with rent reductions already applied to the listing price). 
  3. Submit an enquiry: Express your interest in a specific property that suits your household size and income threshold. 
  4. Inspect the property: We will conduct an eligibility check, and if you are eligible 

We offer fixed-term rental agreements with a minimum term of 12 months. This helps provide some stability and give you a home you can really settle into. Short-term leases are not available for properties under the affordable housing program. 

You have the option to lease for up to 5 years if eligibility continues.

About Essence Homes

The Essence Homes platform exists to make finding an affordable place to live easier and more transparent.

We are a dedicated listing platform for homes offered under affordable housing policies, working exclusively with reputable developers who care about building quality homes for long-term renters. We provide access to well-designed homes and apartments intended for people who value stability, community, and a sense of belonging.

All homes listed through Essence Homes are offered on long-term leases, giving you the confidence to plan your future without the fear of sudden displacement. We are committed to providing clarity at every step, making it simple to navigate affordable housing policies.

Our role is simple: to connect people with homes they can afford, without the stress, uncertainty, or guesswork.

Latest Blogs

Insights, news, education and all things affordable housing

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Explore long-term rental opportunities that match your budget, your family, and your future. Use our platform to browse affordable homes and take the first step toward secure community living. From houses to apartments and townhouses, we connect you with affordable rentals that feel like home.