REVEALED: Gladstone's cheapest suburbs for rent

THE rental vacancy rate in Gladstone is one of the highest in Queensland but if you're in the market for a new home, The Observer has put together a snapshot of where the cheapest areas to rent are.

This may come as no surprise but with 30 properties available to rent at an average of slightly more than $150 a week, Barney Point is the cheapest place to rent in Gladstone.

The cheapest rental is going for $100 a week at 3/30 Barney St but there are close to 20 properties you could snap up for under $160.

CHEAPEST: A staggering number of vacant houses has driven down rent, much more in some suburbs than others.
CHEAPEST: A staggering number of vacant houses has driven down rent, much more in some suburbs than others.

With about 120 properties available to rent South Gladstone is the next cheapest, with an average weekly rental cost of $169.

The cheapest rental property is going for $80 a week at 1/135 Toolooa St but there is one six bedroom house at 76 Adelaide St which is asking for $600 a week.

More than half of the rental properties in South Gladstone are going for less than $160 a week.

West Gladstone has a bit more than 90 houses available for rent and is the third cheapest area to rent in Gladstone.

The average weekly rent is $172 and there are 46 rentals under $160 a week.

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The cheapest property is going for $90 and is at 1/6 Wenitong St.

With 72 properties to rent in Clinton at an average of $183, Clinton comes in as the fourth cheapest area to rent in.

The cheapest rental is $85 a week at 1/7 Ballantine St and there are 27 properties that are going for under $160.

New Auckland is the next cheapest area with an average of $201 a week for rental properties.

Out of 76 properties to rent there are about 16 properties under $160 a week but if you're interested in a two bedroom townhouse, 6/8 Nothling St is going for $99.

Glen Eden has 63 (six open to negotiation) rental properties available at an average costs of $210 a week.

The cheapest property in Glen Eden is going for $120 a week at 21a/2 Beezley St, with 28 other properties available to rent under $200.

With 33 available properties to rent, Kirkwood is the most expensive area for rental properties.

The average rental price is $234 a week with the cheapest house going for $160 a week at 5a Blackburn Crt.

In a positive sign the rental vacancy rate in Gladstone dropped by 1.3% in three months to 8.9%, but this still gives Gladstone a vacancy rate that is one of the highest in the state.