{"id":63636,"date":"2025-06-30T15:27:06","date_gmt":"2025-06-30T22:27:06","guid":{"rendered":"https:\/\/liv.rent\/blog\/?p=63636"},"modified":"2026-08-28T12:43:51","modified_gmt":"2026-08-28T19:43:51","slug":"how-much-is-the-average-rent-in-vancouver-canada","status":"publish","type":"post","link":"https:\/\/liv.rent\/blog\/neighbourhoods\/how-much-is-the-average-rent-in-vancouver-canada\/","title":{"rendered":"How Much is the Average Rent in Vancouver, Canada"},"content":{"rendered":"\n

Things seem to be looking up for renters as the average rent in Vancouver, Canada, for a one-bedroom apartment continues to drop. Furnished units saw a 2.32% drop to an average of $2,333\/month<\/a>, while unfurnished units fell 2.27% to $2,223\/month<\/a>. Although still among the highest rates in the country, the news is welcome as economic uncertainties and the cost of living still challenge affordability in the West Coast city. <\/p>\n\n\n\n

The Bank of Canada recently announced on June 4th that it\u2019s keeping the overnight interest rate at 2.75%<\/a>, and many people think this could mean rent and home prices might keep dropping into 2025. All these indicators could be hopeful signs as urban demand continues to grow. Tracking Vancouver rental trends will ensure you find the best available units at an affordable price, so be sure to check the liv.rent rent report<\/a> and blog for the most up-to-date rental data.
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Vancouver’s Average Rent – June 2025 at a glance<\/h2>\n\n\n\n

Taking a closer look at June, average rent prices across Metro Vancouver have declined. The average monthly rent for an unfurnished one-bedroom unit dropped by $52, bringing it down to $2,223. Compared to June 2024, that\u2019s a total decrease of $114. Take a look at the average rent breakdown by listing type in the table below:<\/p>\n\n\n\n

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Unit Type<\/strong><\/td>Unfurnished<\/strong><\/td>Furnished<\/strong><\/td>MoM Change<\/strong><\/td><\/tr>
1-bedroom<\/td>$2,223\/month<\/td>$2,333\/month<\/td>-2.30%<\/td><\/tr>
2-bedroom<\/td>$2,866\/month<\/td>$2,965\/month<\/td>+1.19%<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

Planning on raising rent this year? B.C.\u2019s new annual allowable rent increase limit for 2025 is 3%. Find out when and how to increase rent and ensure you comply with provincial guidelines by reading our updated <\/em><\/strong>Guide to B.C. Rent Increases<\/em><\/strong><\/a>.<\/em><\/strong><\/p>\n\n\n\n

Where is Rent Highest and Lowest in Vancouver?<\/h2>\n\n\n\n\n\n

There’s now an $869\/month gap between Vancouver\u2019s priciest and most affordable neighbourhoods. Downtown leads as the most expensive neighbourhood, with average rent for a one-bedroom unfurnished unit at $2,764\/month. On the opposite end, Hastings-Sunrise is the most budget-friendly, averaging just $1,895\/month.<\/p>\n\n\n\n

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We\u2019ve expanded our monthly reports to include even more neighbourhoods. To access data on these additional areas, furnished rental statistics, and detailed neighbourhood breakdowns across Metro Vancouver, make sure to download the full report here<\/a>.

Are you a student? It can be difficult to know how to rent as a newcomer in Canada<\/a>, especially if you are in school. We have compiled a guide to the best student housing rentals in Canada. Check here<\/a> for our insights into the top locations for students to rent in Canada.<\/p>\n\n\n\n\n\n