Available rentals are becoming harder to come by in the wider Wodonga and Ovens-Murray area, according to new monthly data released by the Real Estate Institute of Victoria.

REIV's vacancy rate data for June has revealed vacant rental properties shrinking to 1.8 per cent across all of regional Victoria, which contrasted with vacancy rates in Melbourne climbing to 3 per cent.

The vacancy rate for the Wodonga region at the same time last year was 1.6 per cent.

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REIV president Leah Calnan said regional Victoria's rental market was steady, however more rental homes were needed.

"While the availability for long-term housing in Victoria continues to grow, more rental homes are urgently needed to help keep up with the growing demand," she said.

"Having lower rental vacancy rates throughout June means there are less homes available for people to rent.

"And there has never been a more important time to have a roof over your head.

"Regional property managers are inundated with rental inquiries daily and we need more rental stock to help meet our communities constantly growing housing needs.

"Victoria's rental market is holding firm in the face of the coronavirus pandemic, creating unique conditions."

Wodonga's median rent is sitting on $340, just below the regional Victorian average of $350.

Ms Calnan said the steady rental prices could be primarily attributed to property owners moving away from short term rentals like Airbnb as well as a drop in visitors and temporary workers.