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Rental Market Trends in New Westminster, BC

What is the average rent in New Westminster, BC?

C$2,035/month

Average Rent

534 Sq Ft

Average Apartment Size

-1.2%

Decrease in the Last Year

As of July 2025, the average rent in New Westminster, BC was C$2,035/month. When you rent an apartment in New Westminster, you can expect to pay as little as C$1,787 to as much as C$3,073, depending on the location and size of the apartment.

Floor Plan Type
Average Rent
Average Sq Ft
Studio
C$1,787/month
408 Sq Ft
One Bedroom
C$2,035/month
534 Sq Ft
Two Bedroom
C$2,538/month
674 Sq Ft
Three Bedroom
C$3,073/month
923 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
One Bedroom
C$2,146/month
91 Sq Ft
Two Bedroom
C$2,853/month
203 Sq Ft
Three Bedroom
C$3,497/month
293 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
One Bedroom
C$2,443/month
607 Sq Ft
Two Bedroom
C$3,058/month
831 Sq Ft
Three Bedroom
C$3,628/month
1,017 Sq Ft

How much has average rent changed in New Westminster, BC?

In the past year, rent has decreased by 1.2%, which averages out to C$24 less per month.

Market Trends Over Time   The chart below compares average rent prices to the previous year during the same time period.
Last Updated July 2025
Legend
2024 2025
Market Trends Over Time
Rent Ranges in New Westminster, BC
Last Updated July 2025
Above C$2,000
Most rental prices fall within this range
Rent Ranges in New Westminster, BC
Percentage*
Rent Range
0% Below C$700/month
2% C$700 - C$1,000/month
6% C$1,001 - C$1,500/month
25% C$1,501 - C$2,000/month
67% Above C$2,000/month

Rent by Neighborhood

Last Updated Today
  • Most Affordable
  • Most Expensive
  • Most Available

What are the most affordable neighborhoods in New Westminster?

Based on current rent prices, New Westminster is the most affordable neighborhood in New Westminster.

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
New Westminster
C$2,176/month
595 Sq Ft

What are the most expensive neighborhoods in New Westminster?

Based on current rent prices, New Westminster is the most expensive neighborhood in New Westminster.

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
New Westminster
C$2,176/month
595 Sq Ft

Which New Westminster neighborhoods have the most rentals available?

The neighborhood in New Westminster with the most apartments available is New Westminster .

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
New Westminster
C$2,176/month
595 Sq Ft
This information is based on data collected by CoStar Group researchers.†

What salary do I need to live comfortably in New Westminster, BC?

Because the average rent in New Westminster is C$2,035, you’ll want to make about C$6,783 per month or C$81,396 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.

City

New Westminster, BC

385 Available Apartments for Rent

Search for Nearby Apartments

How does New Westminster, BC compare to other nearby cities and neighborhoods?

Use the tool below to compare New Westminster, BC to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.

Apartment Averages

New Westminster

New Westminster, BC

New Westminster

New Westminster, BC

Studio
C$1,787/month
C$1,787/month
One Bedroom
C$2,035/month
C$2,035/month
Two Bedroom
C$2,538/month
C$2,538/month
Three Bedroom
C$3,073/month
C$3,073/month
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Nearby City Rent Trends

  • Burnaby Average Rent
  • Port Coquitlam Average Rent
  • Port Moody Average Rent
  • Surrey Average Rent
  • Delta Average Rent
  • Richmond Average Rent
  • North Vancouver Average Rent
  • Vancouver Average Rent

Apartment communities in New Westminster we think you'll love

Edmonds Heights

Edmonds Heights

7907 Edmonds St,
Burnaby, BC V3N 0J9

Studio - 3 Beds | C$1,975 - C$4,000

Novare

Novare

527 Carnarvon St,
New Westminster, BC V3L 1G2

Studio - 3 Beds | C$1,980 - C$3,555

Aqua at Plaza 88

Aqua at Plaza 88

900 Carnarvon St,
New Westminster, BC V3M 1E9

Studio - 3 Beds | C$1,845 - C$3,844

Cameron Manor

Cameron Manor

1210 Cameron St,
New Westminster, BC V3M 1W6

1-2 Beds | C$1,799 - C$2,250

Canada British Columbia New Westminster Rental Trends

Methodology

† Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.

* Percentages may not total 100 due to rounding.

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