Vancouver's Rent Is Getting Spicy & Here's How Much You'd Pay In Different Spots

Vancouver has the most expensive rent in Canada.

Vancouver's Rent Is Getting Spicy & Here's How Much You'd Pay In Different Spots
Russ Heinl | Dreamstime
Contributor

It's certainly no secret that rent prices in Vancouver aren't easy on the wallet. In fact, the city has the most expensive rent in Canada.

According to a report sent to Narcity from liv.rent, rental prices are going up steadily in most of the neighbourhoods and recovering from price drops due to COVID-19.

As of the beginning of June 2021, the monthly cost of a furnished 1-bedroom is $1,842 and an unfurnished 1-bedroom is $1,704. Prices in Toronto, for example, fall just below.

Here's how much rent costs for unfurnished 1-bedroom apartments in various Vancouver neighbourhoods.

In Downtown Vancouver, you're looking at a cost of $2,051. In South Vancouver, it's $1,704. Over in Burnaby, it will cost you $1,660.

Surrey renters are paying an average of $1,393, in Richmond, the monthly bill is $1,692, in North Vancouver, it's $1,950, and in West Vancouver, you're looking at $1,727. Finally, the same type of place is going for $1,501 in Coquitlam and $1,663 in New Westminster.

So, where will you be renting in and around Vancity?

From Your Site Articles
VancouverCanadaReal EstateReal Estate
  • Britanny Burr
    Britanny Burr was a Staff Writer at Narcity Canada, who drove growth within Narcity's Western coverage and readership. Having lived between her hometown, Canmore, Alberta and Calgary, Montreal, Vancouver, and NYC over the past 10 years, she is obsessed with finding the best local hot spots. She holds a B.A. in English and has over six years of professional writing experience as Head Writer and Editor for YUL.Buzz in Montreal, and Creative Copywriter at JAKT in NYC. News by day, poetry by night — the written word is Britanny's nearest and dearest.

Canada's 'best city for renters' is this bustling spot with 1-bedroom apartments under $1,400

It beat Toronto by over 50 spots on the list!

These are the cheapest places to live in Canada and the income you need for a comfortable life

Vancouver isn't the most expensive, either! 😮

Ontario's cheapest cities were revealed and you could save $26,000/year by leaving Toronto

Here's what income you need for a "comfortable" life in 36 cities across Ontario. 👇

Canada's housing market is set to get cheaper and 5 cities are dropping more than Toronto

A buyer's market is finally taking shape across much of Canada. 🏡

This picture-perfect Toronto neighbourhood is the best spot to live in the city, locals say

Would you move here?

Canadian passport fees are going up this month and you'll pay more to get the travel document

"Fees for travel documents will be adjusted each year to align with inflation."

I moved to Toronto and discovered the worst thing about renting here (it's not the prices)

It's not for the weak!

CRA offers automatic tax filing and it could help 'put more money in your pocket'

You could be eligible for the service without even knowing it.

2 Canadian tourists have died in a bus crash in the Dominican Republic

13 other Canadians were injured in the crash.

Parks Canada is hiring for high-paying jobs with salaries up to $129K a year and $41 an hour

Some jobs are in national parks! 🏞️

BC is getting rid of time changes and the last spring forward is this weekend

The province will soon be on daylight saving time permanently.

This Ontario beach with a 40 km silky sandspit is one of Ontario's most 'underrated' getaways

It's never too early to plan a summer escape.

Gene-edited pork has been approved in Canada but labels aren't mandatory

It's the only genetically modified meat approved for sale in Canada.

Mark Carney got publicly called out by a Liberal MP for his support of Iran strikes (VIDEO)

Liberal MP Will Greaves released a video openly criticizing Carney's stance.