Don’t let a tight budget stop you from hosting your dream event in Melbourne CBD. From chic cocktail bars on Collins Street to private lounges near Federation Square and outdoor spaces in Dockland, the city has plenty of affordable venues for every occasion. Tagvenue’s platform gives you access to the best cheap event venues in the area and allows you to chat directly with venue managers, ensuring a smooth booking process. Your ideal Melbourne event is just a search away!
The cost of affordable venues averages around $3000 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 June 2026:
| From $1800 | to $6000 | minimum spend per event |
| From $25 | to $70 | per person |
| From $100 | to $300 | hire fee per hour |
Based on the popularity and user ratings on Tagvenue (updated June 2026), the best options include:
L1-BYO bar karaoke DJ all age at 215 Queen's
in Melbourne CBD - rated 5/5
Our user said: ‘It’s the kind of place where you go “just for a bit” and end up staying way longer.’
Memphis Penthouse at Laneways By Ovolo
in Melbourne CBD - rated 4.8/5
Our user said: ‘Highly recommend this venue for any special occasion!’
The Atrium at The Oxford Scholar
in Melbourne CBD - rated 4.8/5
Our user said: ‘My team had a great time and dinner together in the space...’
You'll find affordable venues 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 (June 2026):
| Small | up to 70 guests | prices average $1500 minimum spend per event |
| Medium | between 100 and 140 guests | prices average $3500 minimum spend per event |
| Large | over 170 guests | prices average $8500 minimum spend per event |
Based on Tagvenue data (as of June 2026), users looking for affordable venues most commonly go for these venue types:
| Event Space | prices average $2000 minimum spend per event | typically between 50 and 160 guests |
| Bar | prices average $2500 minimum spend per event | typically between 40 and 150 guests |
| Restaurant | prices average $2000 minimum spend per event | typically between 30 and 80 guests |
| Pub | prices average $1500 minimum spend per event | typically between 100 and 180 guests |
| Coworking Space | prices average $250 hire fee per hour | typically between 30 and 60 guests |
Page last updated in June 2026
To provide you with relevant information, our pages are refreshed using an algorithm that aggregates real-time data, including bookings, reviews, and venue updates.