Table of Contents

1. Introduction
2. Why Toowoomba is a Growing Rental Hotspot
3. Types of Rental Properties Available in Toowoomba
4. Key Considerations When Renting in Toowoomba
5. Rental Market Trends and Pricing
6. Tips for Securing the Right Rental Property
7. Common Mistakes to Avoid When Renting
8. Conclusion

1. Introduction

The rental market in Toowoomba has seen remarkable growth in recent years, driven by population growth, lifestyle appeal, and strong regional infrastructure.

According to the Australian Bureau of Statistics (ABS), Toowoomba's population exceeded 145,000 in 2024, making it one of the fastest-growing regional centres in Queensland.

• Rental vacancy rates in Toowoomba dropped to just 0.8% in early 2025, indicating strong demand and tight supply.

• Median weekly rent for houses in Toowoomba rose by 12% year-on-year, while units saw a 10% increase during the same period.

• CoreLogic data shows that nearly 35% of Toowoomba residents live in rental properties, a figure that continues to rise as more people move to the region for education, employment, and lifestyle opportunities.

With its affordable cost of living, growing job market, and excellent schools, Toowoomba has become an attractive destination for renters of all ages.

2. Why Toowoomba is a Growing Rental Hotspot

Several factors make Toowoomba an appealing choice for renters:

• Affordable Living: Compared to capital cities, rental prices in Toowoomba remain relatively affordable while offering high-quality amenities.

• Strong Economy: Agriculture, education, healthcare, and infrastructure projects continue to drive local employment.

• Education Hub: Institutions like the University of Southern Queensland (USQ) attract thousands of students and staff each year.

• Lifestyle and Community: Beautiful parks, a vibrant arts scene, and events like the Toowoomba Carnival of Flowers make it a great place to live.

• Transport Links: Toowoomba Wellcamp Airport and improved highway access make travel convenient.

As a result, the rental market in Toowoomba remains highly competitive, offering a variety of property types for singles, families, professionals, and students alike.

3. Types of Rental Properties Available in Toowoomba

Renters in Toowoomba can choose from a broad range of property types depending on their budget and needs:

Houses

• Popular for families and those seeking larger living spaces.

• Typically offer yards, multiple bedrooms, and outdoor entertaining areas.

Units and Apartments

• Ideal for singles, couples, and students.

• Generally located near the CBD, universities, and shopping districts.

Townhouses and Villas

• A middle ground between houses and apartments.

• Offer low-maintenance living with some outdoor space.

Student Accommodation

• Purpose-built student apartments located near USQ.

• Fully furnished and include utilities and amenities.

Short-Term and Fully-Furnished Rentals

• Suitable for professionals on temporary assignments or families relocating to the area.

4. Key Considerations When Renting in Toowoomba

Before signing a lease, renters should carefully consider:

• Location: Proximity to work, school, shopping, and transport.

• Budget: Factor in not only rent but also utilities, internet, and commuting costs.

• Lease Terms: Understand lease length, renewal terms, and bond requirements.

• Inclusions: Check what is included in the rent (e.g., furnishings, appliances, lawn maintenance).

• Condition of Property: Inspect thoroughly for maintenance issues before signing.

• Pet Policies: Confirm whether pets are allowed, as some landlords may have restrictions.

5. Rental Market Trends and Pricing

The rentals Toowoomba market remains highly competitive, driven by consistently strong demand across various property types.

Rental vacancies are now below 1%, indicating that prospective renters need to act quickly and be well-prepared to secure properties.

6. Tips for Securing the Right Rental Property

Be Prepared

• Have rental references, employment verification, and proof of income ready.

• Submit complete applications quickly when you find a suitable property.

Work with Local Agents

• Build relationships with reputable Toowoomba property managers who can alert you to new listings.

Be Flexible

• Consider widening your search area to surrounding suburbs like Highfields, Middle Ridge, or Glenvale.

Inspect Thoroughly

• Always attend inspections in person if possible, and ask questions about property condition and maintenance.

Understand Your Rights

• Familiarize yourself with Queensland tenancy laws to ensure you're treated fairly during the rental process.

7. Common Mistakes to Avoid When Renting

• Failing to inspect the property thoroughly before signing.
• Underestimating total living costs beyond just rent.
• Not reading the lease agreement carefully.
• Delaying applications and missing out in a fast-moving market.
• Ignoring minor property issues that may become larger problems later.

8. Conclusion

The Toowoomba rental market offers an excellent mix of affordability, lifestyle, and opportunity, but high demand means competition can be fierce.

By understanding current market trends, preparing well, and working with local agents, renters can successfully navigate the market and secure the perfect property.

With vacancy rates under 1% and rental prices rising by over 10% annually, acting quickly and staying informed has never been more important for renters in Toowoomba.

Whether you're relocating for work, study, or lifestyle, Toowoomba provides a diverse and vibrant rental market that suits a wide range of needs and budgets.