Average Rent, Vancouver, Transit, Rental Prices, Canada Line, Expo Line, Millennium Line

Average Rent Near Transit in Greater Vancouver

Updated: May 25, 2020
  • Unfurnished, 1 bedroom average rent near transit is highest at Waterfront, Burrard & Vancouver City Centre
  • Unfurnished, 2 bedroom average rent near transit is highest at Waterfront, Burrard, Granville, Vancouver City Centre, Olympic Village & Broadway-City Hall
  • The difference between the highest and lowest average rent near transit for unfurnished, 1 bedroom listings is $900
  • The difference between the highest and lowest average rent near transit for unfurnished, 2 bedroom listings is $1,350

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. In addition, the current pandemic is also pushing people to areas with slightly less density making the more affordable suburbs more attractive.

Our assessment compared 1 and 2 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.

Greater Vancouver Rental Rates near Transit

Rental Trends along Transit Lines
Vancouver Rentals near Transit Stops
Richmond Rentals near Transit Stops
Burnaby Rentals near Transit Stops
New Westminster near Transit Stops
Coquitlam Rentals near Transit Stops
Surrey Rentals near Transit Stops

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.

One and Two Bedroom Units near Expo Line

Starting in East Vancouver, the transit line runs through Burnaby to Coquitlam. Rental rates along this line are fairly steady with a high near the recently renovated 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 is only 15 minutes by train to Downtown.

One and Two Bedroom Units near Millennium Line

The Canada transit line, built for the 2020 Vancouver Winter Olympic Games, runs from Downtown Vancouver’s Waterfront south to Richmond. Rental rates are highest near the Downtown stops (Waterfront, Vancouver City Centre, Yaletown) and gradually decrease as you move into Richmond with a peak at the Langara stop given its proximity to Langara College.

RECOMMENDED READING: Student Scoop – Unofficial Student Guide To Langara University

The Marine Drive stop is the last one on the Vancouver portion of this line and serves the new Marine Gateway neighbourhood which features a cluster of residential towers. This is a great area to look for reasonably priced rentals and offers easy access on the Canada Line to both Downtown and Richmond.

RECOMMENDED READING: Neighbourhood Guide: Marine & Cambie Hub

One and Two Bedroom Units near Canada Line

Vancouver Rentals near Transit Stops

average rent, translink, vancouver, average rent, apartment for rent

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

  • Average difference between the most expensive stations (Downtown Vancouver – $2,200) and the least expensive (Gateway – $1,300) is $900.
  • Rentals near the Vancouver City Centre, Waterfront, Burrard and Granville stops have an average 1 bedroom rent price of $2,200. The units in all 5 of these stops would be of comparable size and quality.
  • Neighbouring Yaletown is only slightly cheaper at $2,150.
  • The lowest rents in Vancouver can be found to the east by the Renfrew stop where a 1 bedroom costs $1,500. Considering this is only 15 minutes on a train to the downtown core, this neighbourhood offers renters good value.
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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 $1,350 (comparing Downtown Vancouver’s $2,850 and Gateway’s $1,300)
  • Rentals in Downtown Vancouver near the Vancouver City Centre, Waterfront, Burrard and Granville stops as well as the Olympic Village and Broadway-City Hall stops have an average21 bedroom rent price of $2,850.
  • Stations near Downtown Vancouver are only slightly cheaper at $2,800.

For additional details on Vancouver Rental Rates, see our Vancouver Rent Report May 2020.

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

RECOMMENDED READING: Neighbourhood Guide: Yaletown
RECOMMENDED READING: Neighbourhood Guide: Coal Harbour

Richmond Rentals near Transit Stops

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

  • Richmond Bridgeport is just across the river from Vancouver and boasts an average rate of $1,825 – almost $400 less than Downtown Vancouver.
  • Richmond Brighouse at the end of the line, but conveniently near Richmond Centre and other amenities, has the cheapest average rent in Richmond at $1,600. It is 25 minutes away by train from Downtown.

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

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 Product Way-University stop where the average, 1 bedroom costs $1,520.
  • Brentwood Town Centre, closer to Vancouver and recently revamped, has the most expensive rents at $1,865.

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

RECOMMENDED READING: Best Off-Campus Housing for SFU Students

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 rents are highest near the Columbia and New Westminster stops at $1,555.
  • Closer the Royal Columbian Hospital, near the Sapperton stops, average rent is $1,475.

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

RECOMMENDED READING: Brewery District – New Westminster

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 near the Moody Centre stop have the lowest rental rate in the area at $1,650.
  • Inlet centre, the next stop east of Moody Centre, has the highest average rents at $1,780.
  • Rentals near the Coquitlam Centre stop, located near Coquitlam Mall and the Coquitlam Town Centre, have an average cost of $1,720.

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 Gateway stop – $1,300/month.
  • Prices are slightly higher near the King George stop which, curiously, is further away at $1,450.
  • Surrey Central stop is located next to SFU’s Surrey Campus and has affordable housing options for students.

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


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