Vancouver's Rent Is Getting Spicy & Here's How Much You'd Pay In Different Spots
Vancouver has the most expensive rent in Canada.
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?