Diners' Choice: Best Value restaurants in Melbourne

OpenTable

Updated 05 October 2026

Looking for the best value restaurants in Melbourne? You’re in the right place. Each month, OpenTable analyses nearly 2 million global diner reviews from the past four months. We sort the results by location and category to help you discover new favourite restaurants. It's a great partnership: you book, eat, and review. We listen...and deliver the results for all to benefit. Enjoy!

All Nations Hotel

5.0

5 (14)

$A40 and under

Gastro Pub

Richmond

About the restaurant

The All Nations Hotel is a classic, family-run Melbourne pub. With its open fireplaces, honey-toned timber interiors, and cosy dining rooms and snug corners, it evokes the charm of a traditional 19th-century pub, warm, welcoming and unpretentious. Regulars and newcomers alike come for affordable, hearty pub fare: think char-grilled steaks, burgers, fish & chips, bangers and mash, and a varied menu of share plates, seafood, vegetarian options and more. Whether you’re after a casual lunch, a relaxed dinner or a lively night out, the ambience suits it all — from a quiet drink at the bar, a laid-back meal in the dining room, to a group gathering in the courtyard or private function spaces.

Top review

David

Dined on 16 Oct 2026

Great food at reasonable prices.Very attentive staff.This pub has has a great feel about it.

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Experience

Trivia Mondays Every Monday

Experience

Super Sirloin Tuesdays

Experience

ONE PRICE WEDNESDAY

Banksia Restaurant

4.9

4.9 (41)

$A41 to $A100

Modern Australian

Caulfield

About the restaurant

Welcome to Banksia

We are a modern Australian restaurant in Caulfield North. We are open every night for dinner.

Our dinner concept is the Spread. Food isn’t fuel. Great food is a catalyst for conversation and warmth. It’s all about sharing: Can you pass over that salad? Can you pass the butter, its delicious?
All the mains are $40 except for the Marble Score 6+ Eye fillet at $55 & it includes sides.

Allergens & Dietary Requirement? We haven’t yet had a request that we couldn’t honour.

Top review

Richard

Dined on 18 Aug 2026

Outstanding food and service . I highly recommend and I’m looking forward to my next visit.

Zia Rina's Cucina

4.9

4.9 (256)

$A41 to $A100

Italian

Armadale

About the restaurant

Modern trattoria in the heart of Armadale serving modern home style Italian with unique and playful touches of personal heritage.
All produce is sourced from the market and local farms.
We cook with soul and integrity and instinct, menus are created on a whim with whatever we feel is the best produce of the season.
$88pp Set Menu only
Please specify dietaries upon booking
BYO available at $25 per bottle (everyday)
BYO not available for tables over 4pax
BYO for larger groups please contact (rinas.armadale@gmail.com)

Top review

Vicky

Dined 3 days ago

Our whole family enjoyed ourselves for my daughter’s 20th birthday dinner - she wanted Italian, and when I told her that it was a set menu because the ingredients were purchased that morning and meals were prepped accordingly she was so excited. It was worth every penny- delicious and definitely fulfilling. The staff brought out a candle with cannellonis - thank you Zia RINA’S for a beautiful night

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Experience

Rina's Set Menu ($88)

Alpha Ouzeri

4.9

4.9 (111)

$A40 and under

Greek

Brunswick

About the restaurant

Now Open...From the chef that brought you the original Alpha Ouzeri on Brunswick St Fitzroy, Harry has opened Alpha 2.0 in Victoria St Brunswick. From his signature dish Triple Cooked Pork Belly with Iranian Figs to his award winning Baked scallops, and with an extensive sharing plates menu, there is a dish for everyone. Whether you want Vegetarian/Vegan, Meat or Seafood or mouth watering desserts, Alpha has you covered.
Our new location has 4 different dining spaces whether you like the action at the front bar or a more intimate and cosy back enclosed courtyard which is protected from the outside elements but still part of the bustling Brunswick hood. Right around the corner from Sydney Rd and metres away from Brunswick train station Alpha is a dining destination not to be missed.

Top review

Elda

Dined on 13 Oct 2026

Great authentic food and excellent service. Chicken skewers were tender and tasty and the poached quince was beyond! Shoutout for adjusting my cocktail to my preference - thanks!

Grandview Hotel

4.9

4.9 (366)

$A40 and under

Australian

Brunswick

About the restaurant

The Grandview Hotel, located in Brunswick West, is a classic corner Victorian pub. Offering a variety of indoor and outdoor seating, the hotel provides a cozy environment for casual drinks or dining. The menu features classic pub fare and seasonal specials with options for all dietary needs. Paired with a well-curated selection of craft beers, wines, and spirits, it’s a perfect spot for a casual catch up, special event celebrations or just your local hangout for a drink and maybe friendly game of pool.

Top review

Robert

Dined 1 day ago

We love the Grandview. It’s homely …………………………………….

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Experience

Monday Steak Night

Experience

Tues $20 Burger Night

Experience

Trivia

Angliss Restaurant

4.6

4.6 (323)

$A40 and under

Global, International

Melbourne CBD

About the restaurant

Rated as one of Melbourne’s best value dining experiences, we invite you to share in a truly unique dining experience at our award winning training venue the Angliss Restaurant.

Angliss Restaurant is the Institute's flagship venue and the home of the Great Chefs program. The Angliss Restaurant provides a professional-standard training environment for our students and an affordable dining experience for guests. The food style offered at Angliss is a fusion of contemporary and classical influences. Guests will enjoy culinary delights from final year apprentice chefs and cookery students and impeccable fine dining service provided by hospitality students.

Lavish three course buffet lunches and dinners are also available throughout the year. These offer excellent value, with choices including soup, salads, hot dishes, roast carvery and a selection of desserts.

Top review

Lyn

Dined on 22 Sept 2026

Nice atmoshere excellent service meals were very tasty i had the scollaps for my entree and they were delish it was a lovely experience and i highly recommend going the staff were amazing

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Experience

Taste Victoria: From Coast to Country

5.0

5 (46)

$A101 and over

Modern Australian

Armadale

About the restaurant

Amaru is an amalgamation of words loosely translating to a "a beautiful place to love".

We aim to provide an experience that is one of excitement, intrigue and intimacy. Located in the inner-city suburb of Armadale with a maximum seating of 34 guests, the open concept dining room offers a beautiful connection between the diner and the creations of the kitchen.

We offer a tasting menu inspired by exquisite Australian produce, prepared and inspired by culinary techniques from around the globe in the hope to evoke the senses and challenge the imagination along the way.

The menu is revealed and delivered by the entire team of chefs, waiters and sommeliers who carefully guide our guests through each serving, which may be accompanied by a variety of beverage options from our extensive cellar or house-made infusions and ferments.

We look forward to welcoming you to Amaru.

Top review

Paul

Dined 4 days ago

Sublime. Amaru delivers an extraordinary dining experience where the chefs deliver both creativity and precision and the waitstaff flow this to the clientele with impeccable service. And it all comes together effortlessly. I went for my birthday and left with a genuinely memorable experience. A masterclass in fine dining.

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Experience

Main Dining Room - Sensory Menu - $320pp

Experience

Chef's Counter - Sensory Menu - $320pp

Experience

Lunch - Main Dining Room - Insight Menu $260pp

The Morning Star Hotel

4.7

4.7 (131)

$A40 and under

Australian

Williamstown

About the restaurant

Open now to Williamstown and surrounding areas. A true local classic!

Top review

NoelGold

Dined on 7 Oct 2026

Great as usual!! Brisket, thank Elliott and his staff!!! 💥💥💥

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4.9

4.9 (200)

$A40 and under

Wine Bar

South Melbourne

About the restaurant

For same day/last minute bookings, please call and chat to us on 0450207874
Food that is delicious and fun!
A Melbourne wine bar run by people who love what they do and are passionate about everything on the menu.
Wine that is alive!

Top review

Audrey

Dined on 17 Oct 2026

excellent steak and wine as always so lucky to have this as our local

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Experience

Happy Hour 4-5.30pm Tuesday-Saturday

The Sherlock Holmes

4.8

4.8 (16)

$A40 and under

Pub

Melbourne CBD

About the restaurant

The Sherlock Holmes Inn is a classic British-style pub and one of the hidden treasures of Melbourne:
located in the heart of the city. Venture down the stairs into the basement and discover a warm and friendly atmosphere; 19 beers on tap, and an incredible selection of classic pub fare!

Up the stairs and opening to a stunning window view of Collins Street, Dr Watson’s Bar has a touch of quiet sophistication with a fresh perspective on the classic British Pub.
Order a fabulous Baker Street-inspired cocktail; relax with an exquisite local or imported wine from our extensive wine selection; or investigate our varying guest beers on tap.

With lunch and dinner on offer from Monday to Saturday, enjoy the charm and comfort of yesteryear. Sink into a classic roast dinner; a thick and tender parmigiana; or go big with one of our famous full-pastry Steak & Guinness pies.

Please note: if you are looking to book for our Tuesday Trivia, please contact us via our website.

Top review

Dr Anthony

Dined on 29 Sept 2026

The best Cumberland sausages I’ve had outside the UK - cooked perfectly with mash, rich onion gravy and mushy peas. With a pint (or two) of London Pride, it doesn’t get any better. Perhaps a Theakston’s Old Peculiar…?

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