Carlton, a vibrant suburb in Melbourne, Victoria, is renowned for its rich cultural diversity, historic architecture, and proximity to the city centre. With a lively food scene, prominent educational institutions, and beautiful parklands, Carlton provides an excellent living environment for families, students, and professionals alike. This article details the best residential areas in Carlton, focusing on their unique characteristics, available housing options, and average property prices.
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Carlton North

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Carlton North is a leafy and predominantly residential area known for its family-friendly environment. The suburb boasts tree-lined streets, charming period homes, and an active community atmosphere.
Characteristics of the Carlton North
* Culture: Strong community involvement and local events, art galleries
* Transportation: Highly accessible via trams and buses, walking-friendly
* Services: Local shops, cafes, parks, and schools nearby
* Environment: Quiet, relaxing, and community-focused
Housing Options in the Carlton North
Victorian-era homes, townhouses, units
Average Home Prices in the Carlton North
* Buying: $900,000 – $1,500,000
* Renting: $2,000 – $2,800/month
Carlton

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The suburb of Carlton is home to Melbourne's famous Lygon Street, known as the 'Italian precinct'. It is perfect for those who love city living with easy access to restaurants, cafes, and cultural experiences.
Characteristics of the Carlton
* Culture: Multicultural dining and festivals, vibrant nightlife
* Transportation: Tram routes and bus services connecting to the CBD
* Services: Convenience stores, large supermarkets, educational institutions
* Environment: Lively, bustling, and culturally rich
Housing Options in the Carlton
Units, flats, apartments
Average Home Prices in the Carlton
* Buying: $600,000 – $1,200,000
* Renting: $1,800 – $2,500/month
Princes Hill

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Princes Hill is an esteemed area known for its historic homes and close-knit community. Its proximity to the University of Melbourne makes it appealing to students and academics.
Characteristics of the Princes Hill
* Culture: Intellectual and academic focus, community markets
* Transportation: Easy access to trains and trams, bike-friendly
* Services: Local parks, libraries, and educational facilities
* Environment: Quiet and student-friendly
Housing Options in the Princes Hill
Heritage houses, modern apartments
Average Home Prices in the Princes Hill
* Buying: $1,200,000 – $2,000,000
* Renting: $2,200 – $3,000/month
Rathdowne Village

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Rathdowne Village offers a charming blend of residential living and boutique shopping. It features a vibrant community with a mix of young professionals and retirees.
Characteristics of the Rathdowne Village
* Culture: Artisanal shops and cafes, local galleries
* Transportation: Well serviced by public transport and bike paths
* Services: Essential amenities, including post offices and medical centres
* Environment: Charming and community-oriented
Housing Options in the Rathdowne Village
Townhouses, modern homes, units
Average Home Prices in the Rathdowne Village
* Buying: $800,000 – $1,600,000
* Renting: $1,900 – $2,650/month
Carlton Gardens

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Situated adjacent to the beautiful Carlton Gardens, this area is perfect for those who appreciate green spaces and a tranquil environment amidst the bustling city.
Characteristics of the Carlton Gardens
* Culture: Historic site with gardens, family-friendly activities
* Transportation: Close to trams and walking distance to the CBD
* Services: Access to park facilities, play areas, and picnic spots
* Environment: Serene and natural
Housing Options in the Carlton Gardens
Luxury apartments, period homes
Average Home Prices in the Carlton Gardens
* Buying: $1,000,000 – $1,800,000
* Renting: $2,300 – $3,200/month
Lygon Street Precinct

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This iconic street is a fantastic location for those who enjoy a lively atmosphere filled with cafes, restaurants, and cultural activities. Ideal for young professionals and students.
Characteristics of the Lygon Street Precinct
* Culture: Vibrant dining culture, street festivals, arts events
* Transportation: Excellent tram access, bus routes connect to the city
* Services: Supermarkets, specialty shops, and universities
* Environment: Dynamic and youthful
Housing Options in the Lygon Street Precinct
Studio apartments, shared flats
Average Home Prices in the Lygon Street Precinct
* Buying: $500,000 – $1,000,000
* Renting: $1,600 – $2,400/month
Frequently Asked Questions About the Best Residential Areas in Carlton:
The best residential areas in Carlton include Carlton North, Carlton, Princes Hill, Rathdowne Village, Carlton Gardens, and the Lygon Street Precinct.
Carlton North and Carlton Gardens are notable for families due to their parks and community facilities.
The Lygon Street Precinct often has more affordable studio apartments and shared flats for rent.
Carlton is very close to the Melbourne CBD, typically just a few tram stops away.
Property prices vary significantly, with averages ranging from $500,000 for units to over $2,000,000 for luxury homes.
Yes, Carlton has excellent public transport options, including tram and bus services that connect to the wider Melbourne area.
Carlton is heavily influenced by its Italian heritage, especially along Lygon Street, which is known for its vibrant Italian restaurants.
The Lygon Street Precinct and Rathdowne Village are both popular locations for young professionals due to their vibrant atmospheres.
Yes, several primary and secondary schools are located in and around Carlton, making it a suitable area for families.
Carlton offers a variety of housing options, including period homes, modern apartments, townhouses, and flats.
Conclusion on the Best Residential Areas in Carlton:
Carlton, Victoria, offers a diverse range of residential areas suitable for various lifestyles, from families to professionals and students. With its robust cultural scene, excellent transport connections, and community-oriented environment, residents can enjoy a fulfilling urban lifestyle. Depending on individual preferences such as access to amenities, peaceful living, or vibrant community engagement, each suburb presents unique advantages. Whether you are a first-home buyer or looking for a rental, Carlton has something for everyone.
About the Author

Published by:Eribert De Oliveira
Mechatronics Engineer and founder of Mi Inmueble Online, with a background in real estate. I combine technology and analysis to help you find the best areas to live.