Melbourne CBD is home to affordable function rooms that are stylish and comfortable. Host your event in a trendy bar with exclusive areas in Flinders Lane, a charming hotel venue along Collins Street, or a private dining room near Queen Victoria Market. These spaces are designed to fit your budget while offering features like customisable layouts, in-house catering, and AV facilities to make your event go smoothly with a hitch. At Tagvenue, we have a selection of the best spots, and with our highly specific search filter, you can look only through those venues that meet your needs. Book today!
The cost of affordable function rooms averages around $2500 minimum spend per event. The final price will depend on location, size, amenities, and demand. Some venues also offer additional packages that include catering, AV equipment, or additional services. Take a look at the usual price ranges in Melbourne CBD, based on Tagvenue data from December 2025:
| From $1500 | to $5000 | minimum spend per event |
| From $50 | to $82 | per person |
| From $47 | to $284 | hire fee per hour |
Based on the popularity and user ratings on Tagvenue (updated December 2025), the best options include:
The Cellar at The George on Collins
in Melbourne CBD - rated 4.9/5
Our user said: ‘The food was incredible and we loved that the delicious courses just kept on coming.’
Follies Bar at Father's Office Downtown - Flinders Lane
in Melbourne CBD - rated 4.9/5
Our user said: ‘Excellent venue. Very accommodating and reasonable priced.’
The Glasshouse at The Cluster
in Melbourne CBD - rated 4.7/5
Our user said: ‘Creative Space that allows for both business meetings and trainings.’
You'll find affordable function rooms in various sizes, from smaller spots to larger venues; keep in mind that the type of space and your chosen layout will affect the capacity! Below you can see the typical venue sizes in Melbourne CBD, together with the standard prices in each size range, based on Tagvenue data (December 2025):
| Small | up to 40 guests | prices average $1000 minimum spend per event |
| Medium | between 60 and 100 guests | prices average $2000 minimum spend per event |
| Large | over 140 guests | prices average $7000 minimum spend per event |
Page last updated in December 2025
To provide you with relevant information, our pages are refreshed using an algorithm that aggregates real-time data, including bookings, reviews, and venue updates.