Function Rooms for Hire in Southbank, Melbourne

The cost of function rooms 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 Southbank, based on Tagvenue data:

Based on the popularity and user ratings on Tagvenue (updated September 2026), the best options include:

• Northern Point Room at Eureka 89 in Southbank - rated 4.9/5
  Our user said: ‘Venue also has spectacular views.’

• Festival Space at Holiday Inn Express Melbourne Southbank in Southbank - rated 4.9/5
  Our user said: ‘The venue itself, HIE Little Collins St, was excellent.’

• Lower Lounge at P.J. O'Brien's Southgate in Southbank - rated 4.9/5
  Our user said: ‘The venue was amazing, the food and drinks excellent and the staff were extremely nice and accommodating.’

You'll find 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 Southbank, together with the standard prices in each size range, based on Tagvenue data (September 2026):

Smaller function rooms usually fit up to 20 guests standing. Here are some great options in Southbank, based on Tagvenue data as of September 2026:

• Eureka Room 2 at Mercure Melbourne Southbank, rated 4.6/5 - meeting room for 12 guests
  Venue said: Located on the ground floor of Mercure Melbourne Southbank, Eureka Room 2 is a bright, adaptable event space ideal for small meetings, workshops, and private gatherings.

• Normanby 2 at Oakwood Premier Melbourne, rated 4/5 - meeting room for 10 guests
  Venue said: The Oakwood Premier offers a space to meet, collaborate, or host a small private event. Normanby is a bright and airy meeting space, perfect for hosting exclusive events or small business functions.

• Private Dining Area at KOMEYUI Melbourne - dining room for 10 guests
  Venue said: Our restaurant is ideal for small groups looking to host business meetings, catch up with friends, or celebrate a special occasion. Our private dining room is cozy and perfect for intimate gatherings with your loved ones...

Cheap function rooms in Southbank start from $35 per person or $600 minimum spend per event. Check out these budget-friendly spaces you can book through Tagvenue, as of September 2026:

• Lower Lounge at P.J. O'Brien's Southgate, from $35 per person (up to 60 guests standing)
  Our user said: ‘The venue was amazing, the food and drinks excellent and the staff were extremely nice and accommodating.’

• Eureka Room 1 at Mercure Melbourne Southbank, from $600 minimum spend per event (up to 50 guests standing)
  Our user said: ‘Helpful staff. Accommodating to our budget. Fantastic location. Easy to get to and parking for participants...’

• Private Dining Area at KOMEYUI Melbourne, from $1500 minimum spend per event (up to 10 guests seated)
  Venue said: Our restaurant is ideal for small groups looking to host business meetings, catch up with friends, or celebrate a special occasion. Our private dining room is cozy and perfect for intimate gatherings with your loved ones...

Our favourite areas for functions in Southbank include (but are not limited to):

• Riverside in Southbank – The most sought after function venue area within Southbank is by the Riverside! There are several beautiful venues to choose from, the dining is exquisite, and the view by the water is breathtaking.
• Sturt Street – Although Sturt Street does not have too many venues on it, some of the most popular casual function rooms and venues reside there. This is the place to go for a low-key and easy-going event!

When hiring a function room, pay attention to:

• Size - Will the room fit all your guests? Will they have enough room to move around freely?
• Food options - Is catering available and if, yes, is it adjustable to meet your guests’ needs?
• Parking - Does the venue offer enough parking spaces or is there a parking lot somewhere nearby that can be used?
• Facilities - Does the room have everything you may need for your event, like speakers or AV equipment?
• Pricing - Do the hire prices fit your budget? Are there any hidden costs that you will have to cover?

There are many ways in which you can hire a room with little cost. Firstly, hire the room during off-peak dates. Weekends tend to have higher pricing rates, so if you book the function room on a workday, you can expect smaller prices. Another option is to hire a venue that works on a minimum-spend basis. That way, you will only pay for the food and drinks you order, without having to worry about the cost of hiring the venue. One other option is to find a venue with a BYO policy, where you pay for the room but can bring your own food or drinks.