Average Rent Near Transit (SkyTrain) in Greater Vancouver

• Unfurnished, one-bedroom average rent near transit is highest at Waterfront, Burrard & Vancouver City Centre stations
• Unfurnished, two-bedroom average rent near transit is highest at Waterfront, Burrard, Granville, Vancouver City Centre, Olympic Village & Broadway-City Hall stations
• The difference between the highest and lowest average rent near transit for unfurnished, 1 bedroom listings is $819 (Expo).
• The difference between the highest and lowest average rent near transit for unfurnished, 2 bedroom listings is $1,342/month.

With Downtown rents consistently and considerably higher than in areas outside the city centre, many are taking a closer look at properties further away but with easy access to transit.

Our assessment compared one and two-bedroom unfurnished rentals along Greater Vancouver’s transit lines revealing that some of the greatest value for renters is found at the end of long train rides.

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Rental Trends along transit lines

As seen by the graphs below, rental rates near city centres and colleges and universities like Downtown Vancouver, Metrotown, Lougheed Town Centre, and Langara are notably higher when compared to other stations.

On the Expo transit line which starts at Vancouver’s waterfront and ends at Surrey King George, the rents drop significantly as you head east out of the downtown core. There is a slight increase in rental rates at Lougheed Town Centre in Burnaby as it boasts many amenities and easy access to the Simon Fraser University campus.

Starting in East Vancouver, the Millennium Line runs through Burnaby all the way to Coquitlam. Rental rates along this line are fairly steady with a high near Brentwood Town Centre.

The Brentwood neighbourhood has seen tremendous growth in recent years and features a master-planned, amenity-rich community that offers a variety of housing options for renters. It’s also only 15 minutes by train to Downtown which makes it excellent for commuters.

The Canada Line, built for the 2010 Vancouver Winter Olympic Games, runs from Downtown Vancouver’s Waterfront south to Richmond and YVR Airport. Rental rates are highest near the Downtown stops (Waterfront, Vancouver City Centre, Yaletown) and gradually decrease till Marine Drive, then slightly climb and remain consistent into Richmond.

Vancouver Rentals near Transit Stops

The most expensive stations for unfurnished, 1 bedroom listings to live nearby, not surprisingly, are in Downtown Vancouver.

• The average difference between the most expensive stations (Downtown Vancouver – $2,482/month) and the least expensive (Scott Road, Surrey – $1,300/month) is $1,182/month.
• Rentals near the Vancouver City Centre, Waterfront, Burrard and Granville stops have an average 1 bedroom rent price of $2,482/month. The units in all 5 of these stops would be of comparable size and quality.
• Neighbouring Yaletown is only slightly cheaper at $2,364/month.
• The lowest rents in Vancouver can be found to the east by the Renfrew stop where a 1 bedroom costs $2,079/month and Joyce-Collingwood $2,069/month. Considering Renfrew is only 15 minutes on a train to the downtown core, this neighbourhood offers renters good value.

The most expensive stations for unfurnished, 2 bedroom listings to live nearby are in Downtown Vancouver as well.

• The gap between the most expensive and least expensive stops is even wider at $1,295/month (comparing Downtown Vancouver’s $3,395/month and Gateway’s $2,100/month)
• Stadium-Chinatown, Main Street-Science World, and Broadway-City Hall are stops just outside downtown that offer options below $3000/month while being just minutes away from the downtown core.
• Stations near Downtown Vancouver hover at $3,395/month.

For a closer look at Vancouver’s latest rental rates, be sure to check out our monthly Rent Reports

Richmond Rentals near Transit Stops

Heading south on the Canada transit line, renters see some relief as South Vancouver becomes Richmond.

• Bridgeport Station in Richmond is just across the river from Vancouver and boasts an average rate of $2,813/month – almost $582 less than Downtown Vancouver.
• Richmond Brighouse is at the end of the line, but conveniently near Richmond Centre and other amenities, has the cheapest average rent in Richmond at $2,778/month. It is 25 minutes away by train from Downtown.

Click here to browse listings in Richmond on liv.rent.

Burnaby Rentals near Transit Stops

Neighbouring Vancouver to the east, Burnaby is well serviced by Expo and Millennium transit lines making it an attractive, affordable area for renters.

• The lowest Burnaby rents can be found near SFU at the Production Way-University stop where the average, 1 bedroom costs $2,082/month.
• Brentwood Town Centre, closer to Vancouver, holds the same average.

Click here to browse listings in Burnaby on liv.rent.

New Westminster Rentals near transit stops

Historic New Westminster is a unique area offering easy access to the Expo line, river views and many historical buildings.

• New Westminster 1 bedroom rents are highest near the Columbia and New Westminster stops at $2,132/month.
• Closer to the Royal Columbian Hospital, near the Sapperton stops, the average rent averages the same.

Click here to browse listings in New Westminster on liv.rent.

Coquitlam Rentals near transit stops

The suburb of Coquitlam is northeast of Vancouver and is part of the Tri-cities region which also includes Port Coquitlam and Port Moody. The Millennium transit line extension services these suburbs.

• Rentals from Inlet Centre onwards average a 1 bedroom rental rate of $2,106/month.
• Rentals near the Burquitlam stop, located before Coquitlam proper, have an average cost of $2,094/month.

For liv.rent’s Coquitlam 1 bedroom, unfurnished rentals, click here.

Surrey Rentals near transit stops

Surrey is Canada’s fastest-growing city and covers a vast swath of land but thankfully, many of the 1 bedroom rentals are clustered around transit stations and are the most affordable in the Lower Mainland.

• The lowest rents are found at the Scott Road stop – $1,663/month.
• Prices are slightly higher near the King George stop which, curiously, is further away at $1,682/month.
• Surrey Central stop is located next to SFU’s Surrey Campus and has affordable housing options for students but slightly more expensive at $1,700/month.

Click here to browse listings in Surrey on liv.rent.

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