Find The Best Melbourne CBD Parking Near You

Looking for cheap and convenient parking in Melbourne CBD? Finding a parking space in the city centre is a struggle due to limited on-street parking and expensive hourly parking rates. Save time and money by booking your space in advance with Parkhound. Choose from hundreds of cheap parking options in Melbourne CBD, just steps away from your destination. Simply enter where and when you need parking, filter for your desired features, and we'll find the perfect spot for you!

Melbourne’s Central Business District (CBD) is the Victorian capital’s commercial and cultural heart. It has also consistently been named one of the most liveable cities in the world thanks to its high quality of life, vibrant cultural scene, and abundance of green spaces. And while the CBD is home to just over 37,000 residents, it welcomes almost a million people on a typical weekday, including workers, students, and tourists.

Another reason the CBD is a popular destination is its efficient and easy-to-use public transport system. But for those who choose to drive to and from the city centre, finding an affordable parking spot is a daily struggle. On-street parking is limited and highly competitive, especially during peak hours. Meanwhile, off-street parking offered by commercial parking operators can reach up to $18 per hour. Parkhound makes it easy to book a space online and find the best parking deals in the city. Browse our listings from local hosts and find parking that fits your schedule and budget.

With Parkhound, find parking just a few steps away from your favourite events, landmarks, work, or home. Whether you're going to Federation Square, heading to a game in Marvel Stadium, parking near your office on Collins Street, or securing a spot close to your home in Southbank, we've got you covered. You can also filter for the amenities you need, such as motorcycle parking, all-day access, covered parking, security features, and more! Just browse, book, and park with a few clicks!

Looking for parking at the airport? Book a parking space near Melbourne Airport with us!

How much is monthly parking in Melbourne CBD?

The average cost of monthly parking in Melbourne CBD is approximately $350. But monthly parking fees can extensively vary depending on the location, type of parking (reserved or unreserved), nearby amenities, security, and the area’s popularity.

Basic parking options in Melbourne CBD start from around $130 per month, while mid-range indoor or undercover spots typically range between $325 and $455. Premium spaces in high-demand areas like Collins Street or near Flinders Street Station can go as high as $585 per month.

These monthly rates are significantly lower than daily casual parking, which can clock in at around $70 per day in some CBD-based commercial operators. Parkhound’s rates are also often up to 30% cheaper than traditional parking operators, especially for long-term bookings.

Where is the cheapest monthly parking in Melbourne CBD?

The cheapest monthly parking space in Melbourne CBD is an undercover spot on Wentworth Avenue, listed at $273 per month — that’s roughly $9 a day.

Daily parking through Parkhound typically starts from $5 to $30, offering affordable options right in the city. It’s a budget-friendly alternative parking option to traditional commercial operators. Monthly parking is a smart way to save on costs, since it works out to lower daily parking fees compared to paying day by day.

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

*Prices may vary daily, and availability is limited.

Where is the cheapest daily parking space in Melbourne CBD?

The cheapest daily parking space in Melbourne CBD is an indoor lot on Little Bourke Street, available for just $5 per day.

You can find affordable parking like this on Parkhound, including private options such as garages, driveways, and undercover spots offered by local hosts across the CBD.

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

Melbourne CBD parking rates

Melbourne CBD monthly parking

Looking for affordable and convenient long-term parking in Melbourne CBD? Parkhound offers easy-access and cheap monthly parking options near work or home. With hundreds of parking locations across Melbourne CBD, find and reserve a dedicated parking space near your favourite destinations! Choose from hundreds of parking options across Melbourne CBD, including Lonsdale Street, Tattersalls Lane, Hardware Lane, and Little Collins Street. Whether you're commuting or catching up with mates in the city, there’s a spot nearby that fits.

Use our interactive parking map to find spaces with handy features like disabled-accessible parking spaces, EV charging, secure parking, and more. With a flat monthly rate, 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 Melbourne CBD’s busiest areas.

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

Are you among the one million people who drive to get around Melbourne? Read our tips on how to help you save time and money on parking in the city.

Popular tourist attractions

• Federation Square
• Flinders Street Station
• Hosier Lane
• Melbourne Skydeck
• Old Melbourne Gaol
• Queen Victoria Market
• State Library of Victoria
• Block Arcade
• Degraves Street
• Australian Centre for the Moving Image (ACMI)

Popular sports venues

• Marvel Stadium
• Melbourne City Baths
• Flagstaff Gardens Tennis Courts
• YMCA City Gym
• Docklands Sports Courts
• Multicultural Hub Gym
• Boyd Community Hub Courts
• University of Melbourne Sports Centre (CBD campus)
• RMIT Sports Centre (City campus)
• Queen Victoria Women’s Centre Gym

Popular shopping centres

• Melbourne Central
• Emporium Melbourne
• Bourke Street Mall
• The Strand Melbourne
• St. Collins Lane
• Royal Arcade
• Midcity Centre
• Melbourne's GPO
• QV Melbourne
• The District Docklands

Popular entertainment venues

• The Forum Melbourne
• Hamer Hall
• Princess Theatre
• Regent Theatre
• Arts Centre Melbourne
• 170 Russell
• The Athenaeum Theatre
• The Capitol Theatre
• Platform 28
• The Stolen Gem

Popular business districts

• Collins Street
• Bourke Street
• Queen Street
• Elizabeth Street
• Lonsdale Street
• William Street
• Exhibition Street
• Little Collins Street
• Russell Street
• Spring Street

Popular hotels

• The Westin Melbourne
• InterContinental Melbourne The Rialto
• W Melbourne
• Crown Metropol Melbourne
• Grand Hyatt Melbourne
• The Langham, Melbourne
• Sofitel Melbourne on Collins
• Sheraton Melbourne Hotel
• The Hotel Windsor
• Adina Apartment Hotel Melbourne

Parking in Melbourne CBD by Precinct

Parking in Melbourne’s CBD can vary significantly depending on where you need to be. Some areas offer highly convenient access to major attractions, transport hubs, and office towers, but often come at premium rates, while others provide more affordable options just a short walk away.

With demand continuing to grow across the city, drivers are increasingly comparing both casual and monthly parking options to find better value, flexibility, and guaranteed availability.

The Melbourne CBD isn’t a uniform parking market, so it’s better understood in terms of precincts. Each area has different demand drivers, pricing behaviour, and nearby destinations that shape availability.

For simplicity, parking across the CBD can be grouped into four key precincts: Bourke Street & Melbourne Central, Flinders Street & Federation Square, Docklands, and Southbank.

Parking Near Bourke Street & Melbourne Central

Parking around Bourke Street and Melbourne Central sits at the heart of Melbourne’s retail and commercial core, making it one of the most in-demand precincts in the CBD.

This area is driven by a mix of shopping traffic, office workers, and tourists, with strong all-day demand throughout the week. Weekdays typically see heavy commuter parking around nearby office towers and retail hubs, while weekends bring increased activity from shoppers and visitors exploring Bourke Street Mall and surrounding laneways.

Casual parking in this precinct is often at the premium end due to its central location and proximity to major retail destinations. However, nearby options slightly outside the core can sometimes offer better value for longer stays while still remaining within easy walking distance.

This precinct is anchored by major retail destinations including Bourke Street Mall, Melbourne Central, Emporium Melbourne, and QV Melbourne, all of which contribute to consistently high parking demand throughout the day.

Nearby destinations include:

• Bourke Street Mall
• Melbourne Central
• Emporium Melbourne
• QV Melbourne
• Chinatown Melbourne

For regular commuters, early bird and monthly parking options are commonly used in this precinct, but availability can be limited due to sustained demand across both retail and business segments.

Parking Near Flinders Street & Federation Square

Parking around Flinders Street and Federation Square is one of the most centrally located and consistently high-demand areas in the Melbourne CBD, driven by its transport connections, cultural landmarks, and proximity to the Yarra River.

This precinct attracts a broad mix of commuters, tourists, and event-goers. Weekdays see strong demand from workers in nearby office towers and surrounding business districts, while weekends and evenings bring increased activity from visitors attending events, dining along Southbank, or exploring the city’s cultural attractions.

Casual parking in this area is typically at the premium end due to its location at the intersection of major transport and tourism hubs. However, drivers willing to park slightly outside the immediate riverfront core can often find more affordable options within a short walking distance.

Key landmarks in this precinct include Federation Square and Flinders Street Station, both of which act as major access points into the CBD and significantly influence parking demand throughout the day.

Nearby destinations include:

• Federation Square
• Flinders Street Station
• Southbank Promenade
• Yarra River cultural and dining precinct
• Arts Centre Melbourne precinct

Parkhound listings around the inner CBD fringe and Southbank edge can provide a more flexible alternative to traditional commercial car parks, particularly for longer stays or users looking to avoid peak-hour pricing pressure in the immediate station and riverfront area.

Parking Near Docklands

Parking in Docklands is generally more flexible and often more affordable compared to the inner CBD, making it a popular option for commuters, event-goers, and visitors looking for longer-stay parking close to the city.

This precinct has a different demand profile from the core CBD, with activity largely driven by office workers during weekdays and entertainment and sporting events on evenings and weekends. Its modern street layout and higher parking supply also mean availability can be more consistent, particularly outside major event times.

Demand tends to peak around major attractions and venues, especially during match days and large events at Marvel Stadium, as well as during peak commuting hours when workers travel into nearby commercial buildings. Outside of these periods, drivers can often find more competitive pricing and better long-stay options than in central precincts.

Key landmarks in this precinct include Marvel Stadium and the wider Docklands waterfront area, both of which significantly influence parking demand and traffic flow.

Nearby destinations include:

• Marvel Stadium
• Docklands waterfront precinct
• Collins Street Docklands business district
• Southern Cross Station (western edge access)
• Harbour Esplanade dining and retail area

Compared to the central CBD, Docklands often provides better value for all-day and monthly parking, particularly for commuters working in nearby office towers or visitors attending scheduled events at the stadium.

Parking Near Southbank

Parking in Southbank is strongly influenced by its mix of arts, entertainment, dining, and riverfront living, making it one of the most consistently active precincts on the edge of the Melbourne CBD.

Demand in this area is driven by a combination of theatre-goers, restaurant visitors, office workers, and tourists, with particularly high activity in the evenings and on weekends. Event nights at major venues can significantly increase demand, especially around the Arts Centre and nearby performance spaces.

Casual parking rates in Southbank are often at a premium due to its proximity to the CBD core and the Yarra River entertainment strip. However, options just a short walk further out can provide better value for longer stays, particularly for evening dining or full-day visits.

This precinct is anchored by major cultural and entertainment destinations including Southbank Promenade, Arts Centre Melbourne, and the broader Yarra River arts and dining district, all of which contribute to steady parking demand throughout the week.

Nearby destinations include:

• Southbank Promenade
• Arts Centre Melbourne
• Crown Melbourne
• Yarra River dining and entertainment strip
• Melbourne Arts Precinct

For regular visitors, event parking, or evening stays, Southbank often requires planning ahead due to peak demand periods, particularly around major performances and weekend dining peaks.

For more detailed parking options in this area, see our dedicated Southbank parking page.

Melbourne CBD Parking Rates by Area

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

For drivers looking for cheap parking in Melbourne CBD, areas like Docklands and the CBD fringe generally offer better value than the central retail precincts.

Melbourne CBD airport parking

Melbourne Airport (MEL), known as Tullamarine Airport, is about 23 kilometres from the CBD. It’s easily accessible by SkyBus or car, with travel times typically ranging from 20 to 30 minutes.

Melbourne Airport offers a range of on-site parking facilities, including short-term, long-term, and premium options, with amenities such as covered parking, valet services, and accessible spaces. P1 and P2 car parks are situated within a short walking distance to the Domestic Terminals (T1, T2, and T3), with drive-up rates starting at $15.90 for 15–30 minutes and reaching up to $102.00 per day.

International and domestic travellers can also park at P7, located near Terminal 4, with rates starting at $11.80 and going up to $75.31 per day. Premium valet parking is available at Terminals 1, 2, 3, and Qantas Valet, offering faster drop-offs with rates up to $86 per day.

Long-term parking at Melbourne Airport can be expensive, with the Value Car Park offering more economical options for extended stays. For example, a week-long stay at P7 may cost around $548.70 at drive-up rates. However, pre-booking online can save you up to 70% compared to drive-up pricing. For the most accurate rates and availability, visit the official Melbourne Airport parking website.

There are also more affordable off-site parking options near Melbourne Airport. These facilities typically offer both outdoor and undercover parking, free shuttle transfers to all terminals, and 24/7 security. Rates generally range from $8 to $20 per day and offer valet services, long-term discounts, and flexible cancellation policies.

Looking for cheap and convenient parking options near Melbourne Airport from the CBD? Prebook with Parkhound to score the best airport parking deals. Whether you need EV charging, long-term parking, SUV-friendly spaces, or a spot with quick shuttle access to the terminal, it’s all just a few clicks away. You can also find parking near major transport hubs in Melbourne CBD like Southern Cross Station, Flinders Street Station, and Melbourne Central so you can easily hop on a SkyBus or train to the airport.

For more tips on how to cut costs on airport parking, check out these 7 practical ways to save on airport parking!

Melbourne CBD event parking

Melbourne CBD hosts several major events throughout the year, such as White Night Melbourne,RISING (formerly the Melbourne International Arts Festival), and the Melbourne Lunar New Year celebrations. Parking near popular event venues like Federation Square, Melbourne Town Hall, and the Arts Centre Melbourne can vary, especially during busy event days.

For example, parking at Federation Square starts at around $16 per hour, while nearby commercial car parks on Flinders Street or Russell Street may charge hourly rates starting at $10, with daily maximum parking fees of around $45. During major events, it's recommended to check for special event rates and availability.

Heading to an event? Reserve ahead with Parkhound! Just search for the venue, choose your date, and book in a few clicks.

Melbourne CBD isn’t home to major sports teams, but it’s close to some of Melbourne’s biggest stadiums. Just south-east of the city, the Melbourne Cricket Ground (SCG) and AAMI Park (a.k.a. Melbourne Rectangular Stadium), where teams like Melbourne City FC, Melbourne Victory, Melbourne Storm and the Melbourne Renegades play. You can also get to the Marvel Stadium and John Cain Arena easily by tram. On game days, parking near these venues can cost up to $30 and fills up fast. To save time and money, fans can book a spot in advance through Parkhound.

To avoid the hassle on event day, fans can pre-book nearby parking through platforms like Parkhound to secure a spot at a cheaper rate compared to official venue rates.

Common questions about parking in Melbourne CBD

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