Top 10 Cheapest Neighbourhoods for Rent in Metro Vancouver

Vancouver and Metro Vancouver are well known for their beautiful scenery, dynamic neighbourhoods, and, perhaps most importantly, high cost of living. As the second-most-expensive city in Canada, it can be hard to find cost-effective accommodation in Vancouver. But just as each area has it’s own personality, there are also pockets of cheaper rent in every neighbourhood.

For those who work or study in Vancouver proper, living in the city may be the best option for convenience. There are multiple neighbourhoods in Vancouver to consider, as evidenced by the more than 20 neighbourhoods detailed on the map below. For those willing to branch out, we’ve broken down each city in Metro Vancouver to help you find the right price in the right place.

map of vancouver neighbourhoods

1. South Surrey, Surrey

Average rent in Surrey: 1 bedroom $1,300; 2 bedroom $1,698; 3 bedroom $2,580

The northern boundary of South Surrey runs along 40 Ave to 176 Street/Pacific Highway in the east. To the west and the south are the shores of Boundary Bay and the Pacific Ocean, as well as the Peace Arch border crossing into the United States.

  1. Average rent in South Surrey: 1 bedroom $1,000; 2 bedroom $1420; 3 bedroom $2,550
  2. Proximity to Downtown Vancouver: 45-50 minutes by car to Downtown Vancouver; 75-95 minutes by transit to Downtown Vancouver
  3. Key Highlights of Neighbourhood: The area of South Surrey encompasses both residential neighbourhoods and historical sites, oceanside beaches and urban forests. Whiterock, a small community on the south side of South Surrey, is an idyllic destination for visitors and residents alike. Popular beach sites include the dog-friendly Blackie Spit Park and the White Rock Promenade, which is edged by quaint seaside shops and restaurants and leads to the iconic White Rock Pier.
  4. Pet Friendly Rentals: 11.9% of rentals in Surrey are pet friendly.

2. Fraserview, Vancouver

Average rent in Vancouver: 1 bedroom $1,975; 2 bedroom $2,700; 3 bedroom $3,300

This neighbourhood is in southeast Vancouver, bordered by 54th Avenue to the north, Kerr Street to the east, along South East Marine Drive to the south and Knight Street in the west.

  1. Average rent in Fraserview: 1 bedroom $1,250; 2 bedroom $1,700; and 3 bedroom $2,000
  2. Proximity to Downtown Vancouver: 25-30 minutes by car to Downtown Vancouver; 40-50 minutes by transit to Downtown Vancouver
  3. Key Highlights of Neighbourhood: Fraserview, or Victoria-Fraserview, is a heavily residential area with rich cultural diversity. While you’ll be pressed to find any nightlife, Victoria Drive is home to many ethnic markets and Mom and Pop eateries. The Fraserview Golf Course and Driving Range also offers peaceful recreation and beautiful walking trails, with the Fraser River offering scenic views. While the entire South Vancouver area is an optimal place to find cost-effective rentals, Fraserview is the least expensive. “Vancouver Specials” are bountiful in South Vancouver, so rentals are often spacious suites in single family homes.
  4. Pet Friendly Rentals: 25% of rentals in South Vancouver are pet friendly.

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3. Southarm, Richmond

Average Rent in Richmond: 1 bedroom $1,700; 2 bedroom $2,200; 3 bedroom $2,700

The aptly named South Arm neighbourhood lies in the south east end of Richmond along Williams Road. It is bordered by Broadmoor to the west, Steveston Highway to the south, Hwy 99 to the east, and Francis Road to the north.

  1. Average rent in Southarm: 1 bedroom $1,415; 2 bedroom $1,750; and 3 bedroom $1,740
  2. Proximity to Downtown Vancouver: 30-35 minutes by car to Downtown Vancouver; 45-55 minutes by transit to Downtown Vancouver
  3. Key Highlights of Neighbourhood: Home to plenty of greenspace and walkways, the Southarm Community Centre next to South Arm Park offers a vast range of activities including outdoor tennis courts, basketball, an outdoor seasonal pool and water slides. Neighbouring Broadmoor includes Broadmoor Shopping Centre with shops, services and restaurants. Just a 20 minute drive away is the historic fishing village of Steveston, a popular tourist destination and prime spot to find fresh seafood in quaint dockside restaurants. Of course, as the home one of North America’s best Chinese cuisine and the Richmond Night Market, Richmond is full of local gastronomic delights.
  4. Pet Friendly Rentals: 17% of rentals in Richmond are pet friendly

4. Brow of the Hill, New Westminster

Average rent in New Westminster: 1 bedroom $1,475; 2 bedroom $2,193; 3 bedroom $2,835

The small neighbourhood of Brow of the Hill is nestled between Downtown, Quayside, Kelvin, Uptown, and Queens Park. Sometimes combined under the umbrella of Uptown or Downtown, this small community features many low-rise apartment buildings with 1-2 bedroom suites.

  1. Average rent in Brow of the Hill: 1 bedroom $1,425; 2 bedroom $1,810; 3 bedroom $2,862
  2. Proximity to Downtown Vancouver: 35 minutes by car to Downtown Vancouver; 30 minutes by transit to Downtown Vancouver
  3. Key Highlights of Neighbourhood: This small area is in close proximity to all the best New Westminster has to offer. A short walk can take you to Quayside, where you can grab a drink at Steel & Oak Brewing Co. or go for a leisurely walk along the Fraser River at the Waterfront Esplanade and Park. Close to Douglas College, and New Westminster Station, this is a prime spot for students and commuters alike.
  4. Pet Friendly Rentals: 17% of rentals in new Westminster are pet friendly

5. Sunset, Vancouver

Situated south of 49th Avenue and east of Marpole, the South Vancouver neighbourhood is located with Knight Street to the east, Ontario Street to the west, SE Marine Drive to the south, and 49th Avenue to the north.

  1. Average rent in Sunset: 1 bedroom $1,475; 2 bedroom $1,700; and 3 bedroom $2,650
  2. Proximity to Downtown Vancouver: 25-30 minutes by car to Downtown Vancouver; 40-50 minutes by transit to Downtown Vancouver
  3. Key Highlights of Neighbourhood: Next to Fraserview in both price and location, Sunset features many of the same attributes of the diverse neighbourhood. Home of Little India on Main Street, Southeast Asian flavours and fashions abound in markets, grocers, textile shops and restaurants. The nearby Skytrain stations of Marine Drive and Oakridge provide easy access to most areas of the city, as well as shopping centres like Oakridge Mall.
  4. Pet Friendly Rentals: 25% of rentals in South Vancouver are pet friendly.

6. Central Coquitlam, Coquitlam

Average rent in Coquitlam: 1 bedroom $1,600; 2 bedroom $2,000; 3 bedroom $2,600

Central Coquitlam is helmed by Como Lake Ave on the north side, Blue Mountain St to the west, Rochester and Brunette Ave to the south and Hickey Drive to the east. The neighbourhood also intersects through Mundy Park. It covers Austin Heights, Laurentian Belaire and part of Dartmoor.

  1. Average rent in Central Coquitlam: 1 bedroom $1,498, 2 bedroom $1,680, 3 bedroom $3,225
  2. Proximity to Downtown Vancouver: 35-40 minutes by car to Downtown Vancouver; 58 minutes by transit to Downtown Vancouver
  3. Key Highlights of Neighbourhood: Mundy Park on the northeastern side of the neighbourhood is a sprawling urban forest with an extensive trail system traversing Mundy Lake and Lost Lake. Como Lake Park is a popular fishing spot that includes playgrounds and trails. The Como Lake Village shopping centre serves Central Coquitlam and surrounding neighourhoods, as it sits on the border between Central Coquitlam and Chineside. Many Skytrain stations are also close to this residential neighbourhood.
  4. Pet Friendly Rentals: 11.5% of rentals in Coquitlam are pet friendly.

7. Montecito, Burnaby

Average rent in Burnaby: 1 bedroom $1,700, 2 bedroom $2,250, 3 bedroom $2,450

In the North Burnaby neighbourhood of Montecito, also known as Sperling-Broadway, nests the widest variety of cheaper rentals in the area. It lies northwest from Burnaby centre, on the northern side of the Lougheed Highway and south of Lochdale.

  1. Average rent in Montecito: 1 bedroom $1,500; 2 bedroom $1,950; and 3 bedroom $2,300
  2. Proximity to Downtown Vancouver: 30 minutes by car to Downtown Vancouver; 40-50 minutes by transit to Downtown Vancouver
  3. Key Highlights of Neighbourhood: With the beautiful 18 hole Burnaby Mountain Golf Course at its heart, the Montecito neighbourhood is largely occupied by many single family homes. These are adjacent to Burnaby Mountain Golf Course and Squint Lake, Burnaby’s third lake with impressive forest areas, walking trails and scenic creeks.
  4. Pet Friendly Rentals: 18.9% of rentals in Burnaby are pet friendly

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8. Port Moody

Port Moody is wrapped around the eastern edge of Burrard Inlet, with Coquitlam on the eastern and southern borders, and Burnaby on the west. This borough claims a handful of small residential neighbourhoods on the eastern and southern side of the Burrard Inlet, as well as a substantial portion of parks and rural areas to the north.

  1. Average rent in Port Moody: 1 bedroom $1,500, 2 bedroom $2,180, 3 bedroom $2,350
  2. Proximity to Downtown Vancouver: 45 minutes by car to Downtown Vancouver; 45-1hr 15 minutes by transit to Downtown Vancouver
  3. Key Highlights of Neighbourhood: Port Moody is home to Belcarra Regional Park, Barnet, Admiralty Point Park, Rocky Point Park and other smaller parks and recreation sites. One of the most popular of these is Shoreline Trail, a walking trail with off-leash areas for pups and humans alike to enjoy the views of the inlet. In addition, the town boasts some excellent craft breweries and cafes.
  4. Pet Friendly Rentals: 11% of rentals in Port Moody are pet friendly.

9. Lynnmour South, North Vancouver

Average rent in North Vancouver: 1 bedroom $1,950; 2 bedroom $2,550; 3 bedroom $3,225

As the neighbourhood of Lynnmour stretches north into Mount Seymour and Lynn Headwaters Regional Park, the south side of the neighbourhood is more residential and commercial. It is bordered by Lynn Creek in the west, Seymour River to the east, and Vancouver Harbour to the south, as well as the north end of the Iron Workers Bridge.

  1. Average rent in Lynnmour South: 1 bedroom $1,638, 2 bedroom $2,163, 3 bedroom $3,525
  2. Proximity to Downtown Vancouver: 20 minutes by car to Downtown Vancouver; 45-60 minutes by transit to Downtown Vancouver
  3. Key Highlights of Neighbourhood: Largely a university area, Lynnmour is the home of Capilano University. This area of North Vancouver also features an abundance of outdoor adventure at its doorstep: the hiking, skiing and snowboarding here is world-class offering breathtaking views and easily accessible trails.
  4. Pet Friendly Rentals: 39% of rentals in North Vancouver are pet friendly.

10. Ladner, Delta

Average rent in Delta: 1 bedroom $1,800; 2 bedroom $1,850; 3 bedroom $2,775

Ladner is a municipality of Delta that is located on Highway 17 in the extreme southwest corner of the lower mainland, south of Richmond and the Fraser River. To the west is White Rock and Surrey, and to the south is Tsawwassen and Tsawwassen Ferry Terminal.

  1. Average rent in Ladner: 1 bedroom $1,799; 2 bedroom $1,850; 3 bedroom $2,775
  2. Proximity to Downtown Vancouver: From Ladner, 35 minutes by car to Downtown Vancouver; 55 minutes by transit to Downtown Vancouver
  3. Key Highlights of Neighbourhood: While mainly a small residential community, Ladner offers a few very interesting attractions. Ladner Village, north of Ladner Trunk Road and west of Arthur Drive, is a heritage community that pays homage to late-19th century life. Emma Lea Farms features U-Pick crops of strawberries, educational pumpkin patches, and endless photo ops in rolling fields and historical barns. On the nearby Westham Island, the Reifel Bird Sanctuary’s wetlands and marshes make for exciting wildlife sightings.
  4. Pet Friendly Rentals: 20% of rentals in the Ladner area are pet friendly.

cheapest neighbourhoods to rent


These are the top 10 neighbourhoods in the Greater Vancouver Area where you will find the lowest rent average. Keep in mind, however, the further you go from the Downtown core, the square footage of rentals often becomes larger. So while you may be paying less or the same rent for a more distant rental, you often end up getting more space for your money. Wherever you make your home in Metro Vancouver, you’ll never be far from delectable treats and lovely views.

October 2020


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