205/10 Essex Street, Prahran

These homes are offered under Affordable Housing, giving eligible renters quality housing at a more affordable rent Prahran is one of Melbourne's most sought-after inner-city suburbs, known for its energy, leafy streets and seamless connection to Chapel Street, trams and the CBD just 5km away. This brand-new rental community brings an affordable option to the area, giving renters a genuine foothold in a location that's usually out of reach – without compromising on quality or lifestyle. 🔹Available Apartments – Images shown are of Layout 2B2B-01 We have multiple affordable apartments available. Rent is set according to household type, so the same apartment may have a different rent depending on the household — full details on how rent is calculated are provided further down in this advertisement and in the advertisement images. 2 Bedroom 2 Bathroom - Couple – $558.00 per week - Family Households – from $603.60 to $611.10 per week 🔹Apartment Features Designed for privacy and comfort, this two-bedroom, two-bathroom apartment offers an open-plan layout, quality kitchen appliances and generous built-in storage throughout. Natural light fills the living space, complemented by a private balcony and split-system heating and cooling for year-round comfort. Residents also benefit from high-speed internet through the building's embedded network and access to on-site EV charging bays. 🔹Amenities Positioned directly opposite the park, swimming pool and skate park on Essex Street, this is inner-city living with genuine outdoor space at your fingertips. Residents also have access to a landscaped rear gathering area for quieter moments, plus on-site management and parking on select apartments. As an affordable, purpose-built rental home, this apartment delivers long-term security at a more accessible rent – no unexpected sales, no owner move-ins, just stability for as long as you need it. 🔹Affordable Eligibility Below is everything you need to know about who can apply, how rent works, and what to expect. If anything's unclear, our team is happy to help. Please also refer to the advertisement images for this information 🔹Am I eligible? To rent one of these homes, you'll need to meet the following criteria: • Income – Your household's gross annual income must be below the limit for your household type. We'll ask for documents to verify your household income over the previous 12 months and can help you calculate your annual gross income. - Single Adult – $77,390 (Limit) - Couple / 2 People - $116,080 (Limit) - Family (1 or 2 Parents) with Dependent Children - $162,510 (Limit) - Group (2 or more people) - $162,510 (Limit) • Affordability – Rent is considered affordable when it's at or under 30% of your income. We'll review your recent income to confirm this. If there are other factors that support affordability, let us know – these can be considered too. • Citizenship or residency – You'll need to be an Australian citizen or permanent resident. Acceptable evidence includes a birth certificate, citizenship certificate, passport or eligible visa (the visa must show permanent resident status). • Property ownership – You can't own (or have an entitlement to own) a residential property suitable to live in. You'll confirm this by signing a declaration as part of the lease. • Household size – Your household should suit the size of the home, so it isn't under- or over-occupied. Below are the approved household sizing guidelines. - One Bedroom – Single Person, Couple - Two Bedroom – Couple, 1 Parent 1 Child, 2 Parents 1 Child, 1 Parent 2 Children, 2 Parents 2 Children, 2 People Aged 18+ (Non Couple), 3 People Aged 18+ (Couple and a single), 4 people aged 18+ (2 couples) - If your household does not match any of the above, please contact us. Our team is happy to review your circumstances and advise accordingly. • Standard checks – As with any rental, we'll also complete the usual checks, including rental history and references. These criteria are conditions of us being able to offer these homes at an affordable price, so they do need to be met. If you're unsure whether you qualify, just reach out – we're happy to help you work it out. 🔹Rent Rent for these homes is set at the lower of two amounts: a percentage of market rent, or an amount based on median household income. (The median household income figure is set by the Specification of Income Ranges in the Order in Council under Section 3AB of the Planning and Environment Act 1987 (Vic) – it's a benchmark figure, not based on your personal income.) Rent is worked out for each household type and each home, so you'll always be quoted the applicable (lesser) amount of the two. 🔹Car parking Car spaces are available while spaces last, for an extra $37 per week on top of your rent. Spaces are secure, off-street and private. 🔹Lease terms • Leases are offered as a 3-year fixed term, giving you long-term housing security. Different terms may be available on written request. • For multi-year leases, we'll explain how your annual rent increases are calculated. • Your eligibility is reviewed at each lease renewal to confirm you still meet the criteria for affordable housing under this program. 🔹Interested? Enquire now to secure your chance at brand-new living in Hampton East. Viewing times are listed in the advertisement, and private appointments may be available on request. With fast application processing, now is the time to apply before these homes are gone. 🔹Disclaimers • This listing advertises multiple apartments of the same type within the building. Individual apartments may vary in aspect, level, outlook and inclusions. Please confirm specific apartment details with our team. • All pricing is current at the time of publication and is subject to change at the discretion of Horizon Housing Realty. • Photos are representative of the general standard and may not depict the specific apartment offered. Images may be of similar residences within the building. • Any furniture shown in images is for illustrative purposes only — all apartments are offered unfurnished. Floor plans are indicative and may vary between apartments. Dimensions and layouts should be confirmed at inspection. 🔹Interested? Register your interest today to be among the first to secure one of these brand-new Prahran apartments. Viewing times are advertised, private inspections can be arranged where possible, and we're ready to move quickly on suitable applications.