Suburb Guide: Prospect

Overview

Prospect is a trendy, multicultural suburb just north of Adelaide CBD. Known for its cafes, cinema, and strong community vibe, it’s a growing favourite for international students who want affordable rent close to the city and universities.

Average Rent Prices (2025)

• Studio Apartment: $420 per week

• 1-Bedroom Apartment: $510 per week

• 2-Bedroom Apartment: $680 per week

• Shared Room: $200–$270 per week

The suburb offers a mix of older apartments, townhouses, and affordable houses. Rentals are popular with students who want easy CBD access.

Transport & Location

• Frequent bus routes along Prospect Road (10 minutes to CBD)

• Easy travel to University of Adelaide and UniSA

• Local shopping precincts within walking distance

Suburb Vibe & Lifestyle

• Creative and multicultural atmosphere

• Prospect Road lined with cafes, shops, and entertainment

• Parks and recreational facilities

• Strong student and young professional presence

Who Is This Suburb Best For?

• Students at University of Adelaide and UniSA

• Renters wanting affordable housing close to the city

• Students looking for a creative and multicultural vibe

Prospect’s Rental Demand & Competition

Prospect has rising demand, especially for share houses and smaller apartments. Affordable rentals are quickly taken.

Find My Home Tip

Prospect offers affordable housing near Adelaide CBD. Find My Home helps you compete in this fast-moving rental market.

Looking to rent in these suburbs?

Find My Home supports you every step of the way, whether you’re new to Australia or renting for the very first time.

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Disclaimer: Rental prices are estimates based on publicly available listings as of 2025 and may vary. Availability and approval are not guaranteed. Find My Home provides application support and guidance but does not act as a licensed real estate agent or guarantee housing outcomes.