The Everett Marine & Kerr
3125 Pierview Cres,
Vancouver, BC V5S 2H4
Studio - 3 Beds | Call for Rent
Rental Market Trends in Richmond, BC
What is the average rent in Richmond, BC?
C$2,001/month
Average Rent
644 Sq Ft
Average Apartment Size
-4.6%
Decrease in the Last Year
As of July 2025, the average rent in Richmond, BC was C$2,001/month. When you rent an apartment in Richmond, you can expect to pay as little as C$1,948 to as much as C$2,223, depending on the location and size of the apartment.
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
How much has average rent changed in Richmond, BC?
In the past year, rent has decreased by 4.6%, which averages out to C$91 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
Rent Ranges in Richmond, BC
Last Updated July 2025
Above C$2,000
Most rental prices fall within this range
Percentage*
Rent Range
0%
Below C$700/month
0%
C$700 - C$1,000/month
4%
C$1,001 - C$1,500/month
26%
C$1,501 - C$2,000/month
70%
Above C$2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in Richmond?
Based on current rent prices, Richmond is the most affordable neighborhood in Richmond.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Richmond?
Based on current rent prices, Richmond is the most expensive neighborhood in Richmond.
Neighborhood
Average Rent
Average Sq Ft
Which Richmond neighborhoods have the most rentals available?
The neighborhood in Richmond with the most apartments available is Richmond .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Richmond, BC?
Because the average rent in Richmond is C$2,001, you’ll want to make about C$6,670 per month or C$80,040 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.
How does Richmond, BC compare to other nearby cities and neighborhoods?
Use the tool below to compare Richmond, 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.
Studio
C$1,948/month
C$1,948/month
One Bedroom
C$2,001/month
C$2,001/month
Two Bedroom
C$2,330/month
C$2,330/month
Three Bedroom
C$2,223/month
C$2,223/month
Nearby City Rent Trends
Apartment communities in Richmond we think you'll love
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.