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Hand-picked rentals this week
247 19th Street East
$5,800/ month
North Vancouver
247 19th Street East
947 Belvista Crescent
$2,750/ month
North Vancouver
947 Belvista Crescent
2738 Library Lane
$3,498/ month
North Vancouver
2738 Library Lane
809 16TH Street
$3,150/ month
North Vancouver
809 16TH Street, 209
3342 Garibaldi Drive
$5,200/ month
North Vancouver
3342 Garibaldi Drive
1 MONTH OF FREE RENT on 1 Bed SuitesLonsdale Square
$2,570/ month
North Vancouver
126 E 21st St
Rentals by City
Apartments for rent across Metro Vancouver
Dedicated pages for every Metro Vancouver city — with live listings, typical rents, and neighborhood context.
Rentals in Vancouver
Apartments and condos for rent in the city of Vancouver — Downtown, Kitsilano, Mount Pleasant, Yaletown and more.
Rentals in North Vancouver
North Shore rentals near Lonsdale, Lynn Valley, and the Seabus — mountains and ocean at your door.
Rentals in West Vancouver
Premium rentals across Ambleside, Dundarave, and the British Properties.
Rentals in Burnaby
Metrotown, Brentwood, and Lougheed rentals with fast SkyTrain access to downtown Vancouver.
Rentals in Richmond
Modern apartments in Richmond near YVR, Steveston, and the Canada Line.
Rentals in Surrey
Rentals across Surrey — Guildford, Newton, Cloverdale, South Surrey and City Centre.
Rentals in Coquitlam
Tri-Cities rentals in Coquitlam Centre, Burquitlam and along the Evergreen Line.
Rentals in Port Coquitlam
Family-friendly Port Coquitlam rentals near the West Coast Express.
Rentals in Port Moody
Inlet-side rentals in Port Moody near Suter Brook and Newport Village.
Rentals in New Westminster
Historic riverfront rentals in New Westminster — Uptown, Sapperton, Quayside.
Rentals in Delta
Rentals across Delta — Ladner, Tsawwassen, and North Delta.
Rentals in Langley
Langley City and Township rentals — Willoughby, Walnut Grove, and Fort Langley.
Rentals in White Rock
Ocean-view rentals along the White Rock promenade and uptown.
Rentals in Maple Ridge
Affordable Maple Ridge rentals near the Golden Ears and West Coast Express.
Rentals in Pitt Meadows
Quiet Pitt Meadows rentals with easy access to the Fraser Valley.
Monthly Market Update
Metro Vancouver Rental Market Report — July 2026
Metro Vancouver rents continue their upward trajectory in July 2026, with North Shore municipalities posting the highest prices while Fraser Valley offers relative affordability.
Published 7/26/2026
Key Takeaways
- •The median rent for an unfurnished one-bedroom apartment across key Metro Vancouver municipalities reached approximately $2,185.
- •West Vancouver ($2,750) and North Vancouver ($2,490) solidified their positions as the most expensive markets for one-bedroom rentals.
- •Surrey ($1,765), Richmond ($1,789), and Langley ($1,800) offer the most affordable one-bedroom options, providing significant savings compared to the urban core.
- •Data reveals extreme price volatility and low inventory for larger units (3+ bedrooms), with median rents for a North Vancouver 4-bedroom hitting $13,582, indicating a severe shortage of family-sized rentals.
Metro Vancouver Comparison — July 2026
| City / Zone | 1-Bed Avg | 2-Bed Avg | MoM | YoY | $/Sq Ft | Listings | DoM |
|---|---|---|---|---|---|---|---|
| Vancouver | $2,139 | $2,790 | +1.5% | +6.1% | $5.65 | 460 | 14 |
| Burnaby | $2,285 | $2,795 | +1.2% | +5.8% | $4.95 | 85 | 16 |
| Surrey | $1,765 | $2,475 | +0.9% | +5.2% | $4.10 | 195 | 21 |
| Richmond | $1,789 | — | +0.8% | +4.9% | $4.50 | 90 | 19 |
| Coquitlam | $2,129 | $2,750 | +1.1% | +6.2% | $4.60 | 110 | 18 |
| Port Coquitlam | $2,025 | $2,975 | +1.0% | +5.5% | $4.35 | 25 | 20 |
| Port Moody | — | — | +1.3% | +6.5% | $4.75 | 40 | 17 |
| North Vancouver | $2,490 | $3,196 | +2.1% | +8.5% | $5.25 | 950 | 15 |
| West Vancouver | $2,750 | $2,950 | +2.5% | +9.0% | $6.10 | 35 | 25 |
| New Westminster | $1,895 | $3,672 | +0.7% | +4.5% | $4.40 | 30 | 18 |
| Langley | $1,800 | $2,344 | +0.6% | +4.8% | $3.95 | 120 | 22 |
| Abbotsford | — | — | +0.5% | +4.2% | $3.50 | 150 | 24 |
City-by-City Deep Dive
Vancouver
Vancouver's rental market remains competitive, with the median rent for a one-bedroom at $2,139. Inventory is tight across all unit types, though prices are slightly below peak levels seen in more affluent North Shore markets.
| Unit | Unfurnished | Furnished |
|---|---|---|
| Studio | $1,959 | — |
| 1BR | $2,139 | — |
| 2BR | $2,790 | — |
| 3BR | $3,800 | — |
Most expensive: 3-Bedroom at $3800 · Most affordable: Studio at $1959
Burnaby
Burnaby presents a dynamic market with a one-bedroom median of $2,285. Data for three-bedroom units appears anomalous at $1,375, likely reflecting non-standard listings such as basement suites, while one and two-bedroom units align with regional trends.
| Unit | Unfurnished | Furnished |
|---|---|---|
| Studio | $1,985 | — |
| 1BR | $2,285 | — |
| 2BR | $2,795 | — |
| 3BR | $1,375 | — |
Most expensive: 2-Bedroom at $2795 · Most affordable: 3-Bedroom at $1375
Surrey
As one of Metro Vancouver's most affordable cities, Surrey's median one-bedroom rent is $1,765. The market shows some price inconsistency in larger units, with the median two-bedroom ($2,475) listed higher than the median three-bedroom ($2,300), likely due to low sample size and variation in unit quality.
| Unit | Unfurnished | Furnished |
|---|---|---|
| Studio | $1,670 | — |
| 1BR | $1,765 | — |
| 2BR | $2,475 | — |
| 3BR | $2,300 | — |
Most expensive: 2-Bedroom at $2475 · Most affordable: Studio at $1670
Richmond
Richmond offers relative affordability with a median one-bedroom rent of $1,789. However, extremely limited data for multi-bedroom units suggests a very tight supply, making it challenging for families to find suitable housing.
| Unit | Unfurnished | Furnished |
|---|---|---|
| Studio | $1,570 | — |
| 1BR | $1,789 | — |
| 2BR | — | — |
| 3BR | — | — |
Most expensive: 1-Bedroom at $1789 · Most affordable: Studio at $1570
Coquitlam
Coquitlam's rental prices are robust, with a one-bedroom at $2,129 and a two-bedroom at $2,750, reflecting strong demand in the Tri-Cities area. The city is a mid-range market, more expensive than Fraser Valley but more affordable than the North Shore.
| Unit | Unfurnished | Furnished |
|---|---|---|
| Studio | — | — |
| 1BR | $2,129 | — |
| 2BR | $2,750 | — |
| 3BR | $3,150 | — |
Most expensive: 3-Bedroom at $3150 · Most affordable: 1-Bedroom at $2129
North Vancouver
North Vancouver is one of the region's priciest markets, with a one-bedroom median at $2,490 and a two-bedroom at $3,196. The cost for family-sized units is exceptionally high, with four-bedroom homes commanding a median rent of $13,582, driven by luxury listings and scarce supply.
| Unit | Unfurnished | Furnished |
|---|---|---|
| Studio | $2,075 | — |
| 1BR | $2,490 | — |
| 2BR | $3,196 | — |
| 3BR | $4,200 | — |
Most expensive: 3-Bedroom at $4200 · Most affordable: Studio at $2075
Supply Drivers
Elevated interest rates continue to suppress home buying activity, channeling significant demand into the rental market. While new purpose-built rental construction is active in several municipal town centres, the pace of new supply is insufficient to meet the demands of steady population growth and immigration, resulting in historically low vacancy rates.
For Renters
Expect intense competition, especially for units under $2,500. Renters should have all documentation, including employment letters and references, prepared to submit with applications immediately. For cost savings, focus search efforts in Langley, Surrey, and New Westminster, where transit links offer access to the urban core at a lower price point.
For Landlords
Market fundamentals are exceptionally strong, favoring landlords with low vacancy risk and appreciating rental rates. Accurate pricing based on current, hyper-local data is crucial; overpriced units can still experience extended vacancy. Properties with desirable features like in-suite laundry, parking, and proximity to SkyTrain stations command the highest premiums.
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