Renting in Vancouver is beautiful but expensive, so where are the cheap places?

[Updated 2021] The 9 Cheapest Neighbourhoods For Rent In Metro Vancouver

Metro Vancouver is known for its beautiful scenery, dynamic neighbourhoods, and, of course, a high cost of living. As the most expensive city to rent in Canada, it can be hard to find cost-effective accommodation in Vancouver. We’re liv.rent, a digital rental platform that makes renting easy, and we’re going to take a look at where you can find cheap rent in the City of Vancouver and beyond, exploring municipalities and corners where the cheapest rent in Metro Vancouver is hiding.

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Map of the cheapest Vancouver neighbourhoods.

Table of Contents

1. Guilford Town Centre, Surrey


Average rent in Surrey

In the city of Surrey as a whole, the average rent for unfurnished units is $1,375 for a one-bedroom and $1,735 for a two-bedroom according to liv.rent’s rent report data from May 2021.

However, if you look closely at the neighbourhood of Guilford Town Centre, the average rents are slightly lower here at $1,357 for a one-bedroom and $1,525 for a two-bedroom, according to data from Zumper.

Neighbourhood breakdown: Guilford Town Centre

Proximity to Downtown Vancouver: 45 to 50 minutes by car and 75 to 95 minutes by public transit to Downtown Vancouver.

The massive Guilford Town Centre mall acts like a focal point around which the whole mini-metropolis of Guilford spreads. Nearby, the popular Tynehead Regional Park is where locals head to enjoy a sunny weekend. Full of a dog-friendly parkland and plenty of trails, it’s a little natural oasis.

Half of the population of this neighbourhood are immigrants, making it a diverse place to live, especially for families. More than half of the dwellings in Guilford are single-family homes, but there are also 32% low-rise buildings, plus a small percentage of row houses and high-rise buildings.

  • Studio apartments for rent: Surrey
  • One-bedroom apartments for rent: Surrey
  • Two-bedroom apartments for rent: Surrey

2. Victoria-Fraserview, Vancouver


Average rent in South Vancouver

Renting in a South Vancouver neighbourhood like Victoria-Fraserview is typically much cheaper than in the heart of downtown. In South Vancouver, the average rent for unfurnished rentals is $1,647 for a one-bedroom and $2,366 for a two-bedroom according to liv.rent’s rent report data from May 2021.

Zooming in specifically on Victoria-Fraserview, rent looks like $1,516 for a one-bedroom and $1,843 for a two-bedroom, according to data from Zumper.

Neighbourhood Breakdown: Victoria-Fraserview

Proximity to Downtown Vancouver: 25 to 30 minutes by car and 40 to 50 minutes by public transit to Downtown Vancouver.

Victoria-Fraserview, aka Fraserview, is a heavily residential area with rich cultural diversity. Victoria Drive is home to many ethnic markets and Mom and Pop eateries.

The Fraserview Golf Course and Driving Range also offer 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.

3. South Arm, Richmond


Average rent in Richmond

Neighbouring Vancouver, Richmond’s average rent for unfurnished rentals is $1,686 for a one-bedroom and $2,274 for a two-bedroom according to liv.rent’s rent report data from May 2021.

And looking at the South Arm neighbourhood, in particular, it’s quite affordable. This area has an average of $1,450 for a one-bedroom and $1,700 for a two-bedroom, according to data from Zumper.

Neighbourhood breakdown: South Arm

Proximity to Downtown Vancouver: 30 to 35 minutes by car and 45 to 55 minutes by public transit to Downtown Vancouver.

Home to plenty of green space, the South Arm 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 a prime spot to find fresh seafood in quaint dockside restaurants.

Home to North America’s best Chinese cuisine and the Richmond Night Market, Richmond is also full of local foodie delights.

4. Brow of the Hill, New Westminster


Average rent in New Westminster

New Westminster’s average rent for unfurnished rentals is $1,599 for a one-bedroom and $2,183 for a two-bedroom, as of May 2021’s liv.rent report.

The Brow of the Hill neighbourhood is extra affordable because it has an average of $1,476 for a one-bedroom and $1,778 for a two-bedroom, says Zumper’s data.

Neighbourhood Breakdown: Brow of the Hill

Proximity to Downtown Vancouver: 35 minutes by car and 30 minutes by public transit to Downtown Vancouver.

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.


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5. Sunset, Vancouver


Average rent in South Vancouver

We’ve already covered average rent in Vancouver as a whole, but in the Sunset area, it’s much cheaper. According to Zumper, unfurnished rentals average $1,500 for a one-bedroom and $1,775 for a two-bedroom.

Neighbourhood Breakdown: Sunset

Proximity to Downtown Vancouver: 25 to 30 minutes by car and 40 to 50 minutes by public transit to Downtown Vancouver.

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 transit stations of Marine Drive and Oakridge provide easy access to most areas of the city, as well as shopping centres like Oakridge Mall.

6. Central Coquitlam, Coquitlam


Average rent in Coquitlam

The whole city of Coquitlam had an average rent for unfurnished rentals of $1,463 for a one-bedroom and $1,843 for a two-bedroom according to our May 2021 rent report.

In particular, the Central Coquitlam area is where you can often find a good deal because it has an average of $1,465 for a one-bedroom and $2,062 for a two-bedroom, according to Zumper.

Neighbourhood Breakdown: Central Coquitlam

Proximity to Downtown Vancouver: 35 to 40 minutes by car and 58 minutes by transit to Downtown Vancouver.

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 neighbourhoods. Many Skytrain stations are also close to this residential neighbourhood.

7. Richmond Park, Burnaby


Average rent in Burnaby

Burnaby’s average rent for unfurnished rentals is $1,679 for a one-bedroom and $2,237 for a two-bedroom, from our May 2021 rent report.

But if you take a closer look at Richmond Park, you might be able to get a place for less. Zumper’s data puts an average rental cost at $1,300 for a one-bedroom and $2,147 for a two-bedroom.

Neighbourhood Breakdown: Richmond Park

Proximity to Downtown Vancouver: 45 minutes by car and 40 minutes by public transit to Downtown Vancouver.

Richmond Park is an extremely diverse neighbourhood, with immigrants making up 59% of the population. There are lots of low and high-rise apartment buildings for rent here as well and the neighbourhood strikes a great balance between being close to the city and a quiet, suburban lifestyle.

  • Studio apartments for rent: Burnaby
  • One-bedroom apartments for rent: Burnaby
  • Two-bedroom apartments for rent: Burnaby

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8. Port Moody


Average rent in Port Moody

In the Lower Mainland, Port Moody can be an affordable place to find cheap rent in Metro Vancouver. According to Zumper, you can get a one-bedroom for $1,874 and a two-bedroom for $2,249.

Neighbourhood Breakdown: Port Moody

Proximity to Downtown Vancouver: 45 minutes by car and 1 hour by public transit to Downtown Vancouver.

Wrapped around the eastern edge of Burrard Inlet, with Coquitlam on the eastern and southern borders, and Burnaby on the west — 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.

This borough has 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.

9. Lynnmour South, North Vancouver


Average rent in North Vancouver

Generally speaking, North Vancouver isn’t that affordable. Our own liv.rent data from May 2021 puts the average rent for unfurnished rentals at $1,940 for a one-bedroom and $2,568 for a two-bedroom.

However, one corner of North Vancouver called Lynnmour is typically more affordable and according to Zumper, you can get a one-bedroom for an average of $2,058 and a two-bedroom for $2,362.

Neighbourhood Breakdown: Lynnmour

Proximity to Downtown Vancouver: 20 minutes by car and an hour by public transit to Downtown Vancouver.

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.

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 are world-class offering breathtaking views and easily accessible trails.


Resources for Metro Vancouver renters

Renting in BC

For information on renting in B.C., you can refer to these extensive resource posts to help you in your rental journey.

COVID-19 resources 

For information regarding COVID-19, refer to these comprehensive resource posts. They include information on the various federal and provincial assistance initiatives available to help support landlords (small business relief) and tenants (rent relief):



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