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Summary

The Average Price Of Renting In Vancouver Has Risen Again & Here's How Much It Now Costs

It keeps going up and up!

Vancouver, B.C., condo buildings.

Vancouver, B.C., condo buildings.

Volodymyr Kyrylyuk | Dreamstime
Editor

Renting in Vancouver is known to be pricey, but it has increased even more.

According to a report from liv.rent, average rent prices across Metro Vancouver have soared this month and are up $108 since April.

If you've moved lately, or are considering a move to Vancouver, you might have noticed an increase in prices. All around the city, rent is increasing, and there's no sign of it stopping.

The report even that the current price of rent is at an "all-time-high" average.

Average rent price in Vancouver

The average rent price in the Vancouver area for an unfurnished one-bedroom unit is a hefty $2,016 this month, according to the report.

"This month is also significant as most of the largest price increases once again came from Vancouver itself, as well as nearby communities like Burnaby, West Vancouver and North Vancouver," liv.rent said.

It wasn't just unfurnished rentals either. In fact, the report said that "furnished and unfurnished rental units experienced considerable volatility this month practically across the board."

The average rent price for a furnished one-bedroom unit sits at $2,194.

The cities

If you're looking at different areas to move to, you might want to consider your wallet first.

When looking at average rent by city/municipality, liv.rent found that West Vancouver had the priciest rent for unfurnished one-, two- and three-bedroom units.

Surrey was on the other side of the spectrum, with the cheapest rent for an unfurnished one-bedroom unit. The average rent price in the area is $1,631 per month.

Looks like it might be time to leave the city, and embrace the suburb life.

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vancouver rentvancouver rent pricesbc rentbc housing marketvancouver housing marketrent in vancouvercost of living vancouvercanadian housing market
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    • Morgan Leet

      Editor

      Morgan Leet (she/her) is an Editor for Narcity Media Group. After graduating from Carleton University’s School of Journalism and Communication, she jumped into fulfilling her dream as a journalist, merging her passion for travelling with writing. After working in the print media world on Canada’s East Coast, she joined Narcity with a move to B.C., drawn to the beauty of Western Canada. Since then, she's documented her experience moving to Vancouver, covering everything from local events to bucket-list travel destinations across Canada's West Coast.

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