Find The Best South Yarra Parking Near You

South Yarra is one of Melbourne’s most sought-after suburbs, which means parking can get expensive and competitive. With Parkhound, you can pre-book a cheap and convenient space. Just browse, book, and park near your favourite spots.

South Yarra is around 4 kilometres south-east of Melbourne’s CBD, making it popular with commuters, students, and city workers. South Yarra borders some of Melbourne’s most visited destinations, including Southbank’s Arts Precinct, Albert Park, and Fawkner Park. Chapel Street and Toorak Road run through the area, lined with cafés, boutique stores, and restaurants.

But South Yarra’s popularity also drives up demand for parking, making it harder to find a spot and more expensive to stay. Metered street parking typically costs between $4 and $6 per hour, especially around busy areas. A newly expanded congestion levy under the Victorian Government has also pushed up the cost of off-street parking in parts of South Yarra.

Poor signage and strict enforcement have also led to a rise in parking fines and complaints about illegal parking.

Avoid parking tickets and expensive fees by reserving a space ahead of time with Parkhound. We connect you with parking options that are often cheaper than commercial car parks and more flexible to suit your preferences. It’s a simple, cost-effective way to park where you need to be.

Whether you're shopping on Clara Street, heading back to your apartment on Arthur Street, or catching up with friends at a wine bar off Claremont Street, Parkhound can help you find a parking space just steps from your destination.

You can also filter for the amenities you need, such as motorcycle parking, electric vehicle charging, 24/7 access, disabled parking, security features, and more. We offer both daily and monthly parking options, so it’s easy to choose what works best for you.

Catching a train from South Yarra Station? Book a secure parking space along Claremont Street or Malcolm Street, just a short walk to the platforms.

How much is monthly parking in South Yarra?

The average price for monthly parking in South Yarra is around $320. Prices can vary widely depending on the exact location, whether the space is reserved or unreserved, nearby amenities, security features, and how popular the area is.

These monthly rates are significantly cheaper than daily parking, which can reach up to $25 per day with council-run or commercial car parks. Parkhound’s listings are often up to 30% cheaper than traditional operators, especially if you’re booking long-term parking.

Where is the cheapest monthly parking in South Yarra?

The cheapest monthly parking space in South Yarra is an undercover parking space on Murphy Street listed at $135 per month — that’s around $5 per day!

Monthly parking is a smart way to save on costs, since it works out to a lower permanent parking rate throughout the month compared to fluctuating daily prices. Most commercial car parks in South Yarra charge up to $25 for more than 3 hours of parking and only offer discounted rates if you enter and exit within strict time windows. Miss it and you’re paying expensive casual parking rates.

You can also choose from various car parking options, including driveways, lockup garages, covered parking spaces, sheltered areas, and indoor parking spots offered by local hosts!

*Prices may vary daily, and availability is limited.

Where is the cheapest daily parking space in South Yarra?

The cheapest daily parking space in South Yarra is an undercover parking spot on Kensington Road, listed for around $11 per day.

You can rent cheap parking spaces like this on Parkhound, including private options such as garages, driveways, and outdoor lots offered by local hosts across the suburb.

*Prices may vary upon booking, and availability is limited.

South Yarra parking rates

South Yarra monthly parking

Looking for affordable and convenient long-term parking in South Yarra? Parkhound offers the cheapest parking options near work, home, or errands. With hundreds of parking locations across South Yarra, find and reserve a permanent parking spot near your favourite destinations! Choose from hundreds of parking options across South Yarra, such as The Jam Factory, The Como Centre, Colonnade, and more!

Use our interactive map to find spaces with handy features like disabled-accessible parking spaces, electric vehicle charging stations, secure parking, and more. With a flat rate for the entire month, you avoid fluctuating daily prices and the hassle of timing early bird parking promos. You also don’t have to worry about entry time or exit time if you choose a space that’s 24/7 accessible.

Parkhound’s monthly parking options offer convenience, security, great value, and the ease of cashless payments, whether you're working or living in South Yarra’s busiest areas.

Have questions about your monthly parking options in South Yarra? We’d love to help! Give us a call at 1300 55 63 55.

Popular tourist attractions

• Royal Botanic Gardens Victoria - Melbourne Gardens
• Prahran Market (near)
• Yarra River
• Como House and Garden
• Fawkner Park

Popular sports venues

• South Yarra Sports Centre
• Royal South Yarra Lawn Tennis Club
• Fawkner Park
• Como Park

Popular shopping centres

• Chapel Street shopping precinct
• The Jam Factory
• The Como Centre

Popular entertainment venues

• Village Cinemas The Jam Factory
• Palace Como (The Como Centre)
• The Emerson Rooftop Bar and Club

Popular business districts

• Chapel Street Precinct
• Toorak Road (South Yarra section)
• Claremont Street / Yarra Street Precinct
• Commercial Road

Popular hotels

• Ovolo South Yarra
• The Olsen Melbourne - Art Series
• South Yarra Central Apartment Hotel
• Atlantis Hotel
• Tolarno Hotel

South Yarra Station Parking

South Yarra Station is a major stop on Melbourne’s train network, serving the Pakenham, Cranbourne, Frankston and Sandringham lines. It’s located on Toorak Road, just over five kilometres from the CBD. With more than 3 million passengers going through the terminal each year, it’s one of the busiest stations in the city.

There’s no public parking directly at the station. But plenty of options are available nearby. Several commercial car parks are within walking distance to the station. Hourly rates usually range from $2 to $5, and daily prices can reach $16 or more, especially if you’re paying drive-up rates.

Street parking is also available, though most spots are metered and time-restricted. Parking inspectors patrol regularly, so it’s important to check the parking signs.

If you need a reliable parking space near South Yarra Station, Parkhound offers monthly parking at a lower daily rate. It’s a smart option for commuters or locals who need regular access. For commuters who need a flexible space, we also offer daily parking from as low as $9 per day. You’ll find spaces available on nearby streets like Claremont Street, Malcolm Street, Clara Street and along River Street, just a short walk from the station.

South Yarra event parking

South Yarra is known for its local events scene, such as the Sunset Sounds, The Classics Opera, Pets in the Park, and Stonnington Christmas Carols. The South Yarra Market regularly hosts food and cultural events, while nearby galleries and studios support live music, exhibitions, and creative workshops.

The suburb is well-connected by public transport, with frequent trams and trains linking South Yarra to the CBD and surrounding precincts. From here, you can reach key destinations like Federation Square, the Arts Centre, and the Royal Botanic Gardens in just a few stops.

Whether you're heading to a game, a concert, or a weekend market, booking your parking in advance can save you the stress of circling for a spot. With Parkhound, you can search for available spaces in South Yarra, choose your dates, and lock in a spot in just a few clicks.

Common questions about parking near Royal Prince Alfred Hospital