In Melbourne in May, a large studio apartment is only $500 per week.

You can also consider July, but there's only one room per floor, so it's quite tight. It's the cheapest single room in Melbourne City, starting from just $450 🔪 including bills, but it's not suitable for couples. It's only 500 meters to commute to Melbourne University, and there's a nearby station, making it convenient to go out and play.