Vancouver’s Average Rent Price Would Have You Dishing Out Nearly $30K A Year

That's gotta hurt.

Vancouver’s Average Rent Price Would Have You Dishing Out Nearly $30K A Year
Minyun Zhou | Dreamstime
Contributor

A new rental report shows just how expensive rental prices in Vancouver really are. The report by Rentals.ca shows that the average rent for condos and apartments in Vancouver as of May 2021 is a whopping $2,315 per month.

If you're paying that rate for an entire year, you're looking at an overall cost of $27,780.

Rentals.ca

So, if you're making a salary of $50,000 annually, you'll be throwing over half of your income into your rent payments.

"Vancouver experienced the largest month-over-month increase among the major municipalities with a monthly increase of 5.4% in average rent to $2,315, the highest in the country," said the report.

In comparison, the average , the place with the second-highest average, is $2,027.

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! 😮

Canada's best places to live were ranked and Toronto didn't even crack the top 10

From coastal charm to Rocky Mountain views, these cities have what Toronto doesn't. 👀

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. 👇

Lotto Max winning numbers for Tuesday, February 3 are out and there's a $25 million jackpot

It's time to check your tickets.

Canada just updated the Cuba travel advisory and even resorts could be affected

There is also new travel advice due to higher-than-expected cases of a disease.

This beautiful small town 1 hour from Toronto was named among Canada's most liveable

You can enjoy rural charm just outside the city.

Ontario employers are some of the best in Canada for 2026 and these companies are hiring

So many high-paying jobs are open right now.

A new Canadian coin is like a fancy quarter and it's worth more than 25 cents

It features the northern lights!

Cineplex has $3.99 tickets in February and you can watch these movies for cheap

If you don't buy tickets a certain way, you'll have to pay more. 📽️

Canada's Wonderland is hiring 4,000 people and some jobs require zero experience

Get your resume ready!