1270 Nicola St
1270 Nicola St,
Vancouver, BC V6G 1W7
1 Bed | C$2,549
Rental Market Trends in Vancouver, BC
What is the average rent in Vancouver, BC?
C$2,306/month
Average Rent
540 Sq Ft
Average Apartment Size
+1%
Increase in the Last Year
As of December 2024, the average rent in Vancouver, BC was C$2,306/month. When you rent an apartment in Vancouver, you can expect to pay as little as C$1,963 to as much as C$4,136, 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 Vancouver, BC?
In the past year, rent has increased by 1%, which averages out to C$24 more per month.
Market Trends Over Time
The chart below compares average rent prices to the previous year during the same time period.
Last Updated December 2024
Legend
2023
2024
Rent Ranges in Vancouver, BC
Last Updated December 2024
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
11%
C$1,001 - C$1,500/month
22%
C$1,501 - C$2,000/month
66%
Above C$2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in Vancouver?
Based on current rent prices, South Vancouver, East Vancouver and Vancouver Westside are the most affordable neighborhoods in Vancouver.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Vancouver?
Based on current rent prices, Downtown Vancouver, Vancouver Westside and East Vancouver are the most expensive neighborhoods in Vancouver.
Neighborhood
Average Rent
Average Sq Ft
Which Vancouver neighborhoods have the most rentals available?
The neighborhoods in Vancouver with the most apartments available are Downtown Vancouver, Vancouver Westside and East Vancouver .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Vancouver, BC?
Because the average rent in Vancouver is C$2,306, you’ll want to make about C$7,686 per month or C$92,232 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 Vancouver, BC compare to other nearby cities and neighborhoods?
Use the tool below to compare Vancouver, 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$1,784/month
C$2,100/month
One Bedroom
C$2,010/month
C$2,414/month
Two Bedroom
C$2,453/month
C$3,528/month
Three Bedroom
C$3,110/month
C$5,356/month
Apartment communities in Vancouver 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.