Find The Best Southbank Parking Near You

Tired of looking for cheap parking in Southbank, Victoria? People living, working, or visiting this popular Melbourne suburb deal with a lack of on-street parking, high parking fees, and short time limits. Reserve your parking spot ahead of time with Parkhound for a seamless parking experience. Just enter when and where you need parking, filter by features, and we’ll match you with the perfect spot!

Southbank is located just south of the Yarra River, directly across from Melbourne CBD. It’s a major urban precinct that sees over 40,000 people every day, from locals and commuters to tourists. It’s also widely known as the city’s arts precinct, home to iconic institutions like the Arts Centre Melbourne and the NGV International.

But with so much activity packed into a relatively small suburb, parking in Southbank is a daily struggle. The City of Melbourne manages 2,800 on-street parking spots in the area. But out of these, 16 per cent are reserved for specific users (like accessible bays or loading zones) and 65 per cent are both paid and time-limited.

While off-street options are available, they aren’t a much better alternative. Commercial parking facilities charge premium rates of up to $7 per hour and daily rates of up to $75. Many parking bays also have strict time limits, making it hard for workers and weekend visitors to stay longer without risking a fine. Whether you’re a resident, a worker, or just visiting Southbank for the weekend, make parking easy with Parkhound. Book a spot in advance to find the cheapest parking spot near your work, home, or any other destination.

So whether you’re exploring the Arts Centre Melbourne, parking near your office on Southbank Boulevard, locking in a spot near your apartment on Kavanagh Street, or heading to class at the University of Melbourne’s Southbank campus, we’ve got you covered. You can also filter for the amenities you need, such as motorcycle parking, 24/7 access, covered parking, security features, and more!

Looking for parking at the airport? Book a short-term or long-term parking space near Melbourne Airport today!

How much is monthly parking in Southbank?

The average cost of monthly parking in Southbank is around $315. But prices can vary widely depending on the location, type of parking (reserved or unreserved), nearby amenities, security, and how popular the area is.

Basic parking options in Southbank start from around $130 per month, with spaces available near areas like Balston Street and Wells Street. Premium spaces in high-demand areas, such as near Southbank Boulevard and Kavanagh Street, can go as high as $650 per month.

These monthly rates are significantly cheaper than daily parking, which can hit $60-$80 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 Southbank?

The cheapest monthly parking space in Southbank is an indoor lot on City Road, listed at $280 per month — that’s around $9 per day!

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 parking spots offered by local hosts!

*Prices may vary daily, and availability is limited.

Where is the cheapest daily parking space in Southbank?

The cheapest monthly parking space in Southbank is an indoor lot on Kavanagh Street,listed at around $7 per day.

You can rent cheap parking spaces 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.

Southbank parking rates

Southbank monthly parking

Looking for affordable and convenient long-term parking in Southbank? Parkhound offers the cheapest parking options near work, home, or errands. With hundreds of parking locations across Southbank, find and reserve a permanent parking spot near your favourite destinations! Choose from hundreds of parking options across Southbank, including Power Street, Dodds Street, Balston Street, Fawkner Street, 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 Southbank’s busiest areas.

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

Popular tourist attractions

• Melbourne Skydeck (formerly Eureka Skydeck)
• National Gallery of Victoria (NGV International)
• Arts Centre Melbourne
• Southbank Promenade
• Yarra River Walk
• Australian Centre for Contemporary Art (ACCA)
• Melbourne Recital Centre

Popular sports venues

• Mercantile Rowing Club
• Melbourne Sports & Aquatic Centre (MSAC)

Popular shopping centres

• Southgate Melbourne
• DFO South Wharf
• Arts Centre Sunday Market

Popular entertainment venues

• Crown Melbourne (includes Crown Casino, Crown Theatre, and Crown Aviary)
• Hamer Hall
• Melbourne Recital Centre
• Malthouse Theatre
• Australian Centre for Contemporary Art (ACCA)
• Ocean 12 Entertainment
• Left Bank Melbourne

Popular business districts

• Southbank Commercial Precinct

Popular hotels

• The Langham, Melbourne
• Crown Towers Melbourne
• Crown Metropol Melbourne
• AC Hotel by Marriott Melbourne Southbank
• Adina Apartment Hotel Melbourne Southbank
• Ink Hotel Melbourne Southbank
• Quest Southbank
• WRAP on Southbank
• Oakwood Premier Melbourne
• Holiday Inn Express Melbourne Southbank

Southbank airport parking

Melbourne Airport (MEL), locally known as Tullamarine Airport, is the closest airport to Southbank. It’s located about 22 kilometres northwest of the suburb. Depending on traffic, you can get there by SkyBus, car, taxi, or rideshare in around 20 to 30 minutes.

While there are several on-site and off-site parking options available at Melbourne Airport, drive-up rates can be pricey compared to pre-booked rates. For instance, drive-up rates for the Terminal 4 Car Park are approximately $49 per day, and valet services like Qantas Valet can cost around $88 for a single day.

Looking for cheap and convenient parking options near Melbourne Airport from Southbank? Reserve a spot ahead of time with Parkhound to lock in the best airport parking deals. Whether you're after long-term parking, EV charging, SUV-sized spaces, or a spot with quick shuttle access to your terminal, it’s all just a few clicks away.

You can also find parking near key transport hubs in Southbank like Flinders Street Station and Southern Cross Station, making it easy to catch a train or SkyBus directly 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!

Southbank event parking

Southbank hosts several exciting events, such as the Moomba Festival, Melbourne International Jazz Festival, Open House Melbourne, YIRRAMBOI Festival and Midsumma Festival. These events usually draw thousands of locals and tourists, making parking hard to find.

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

Southbank isn't home to any major professional sports teams or stadiums, but local sports still play an active role in the community. The area features recreational facilities and sports clubs, including the Mercantile Rowing Club, which hosts rowing activities along the Yarra River. While the suburb doesn't house major league teams, its central location means residents are only minutes away from top-tier venues like the Melbourne Cricket Ground (MCG) and Marvel Stadium.

On game days, parking near these venues can be hard to find and expensive. To avoid the stress 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 Southbank