Highlights
- North Vancouver is the most expensive municipality for renters, with median prices of $2,498 for a one-bedroom and $3,200 for a two-bedroom unit.
- Langley and Surrey offer the most affordable rents for one and two-bedroom apartments, with one-bedrooms in both cities renting for under $1,800.
- The rental market is exceptionally tight, with high demand leading to an estimated average of just 15 days on market for a listing across Metro Vancouver.
- Larger units (3+ bedrooms) are scarce and command premium prices, with three-bedroom homes in Vancouver and North Vancouver costing a median of $4,500 and $4,200, respectively.
RentMe listings snapshot — August 2026
Aggregated from active, verified rental listings across Metro Vancouver municipalities collected on the RentMe platform during August 2026.
Cities covered
9
Median 1-bed rent
$2,150
Median 2-bed rent
$2,704
Active listings
973
Asking rents by municipality
Median advertised rents on RentMe for 1-bedroom and 2-bedroom units across Metro Vancouver in August 2026. The most expensive market for a 1-bed was North Vancouver at $2,498, while Langley offered the best value at $1,754.
Month-over-month movement
Change in median advertised rent versus the prior RentMe snapshot. Positive values indicate rising asking rents; negative values indicate softening. Cities without a comparable prior snapshot are omitted from this chart.
Cities where rents fell this month
- New Westminster-12.7%
- Surrey-8.2%
- Burnaby-7.8%
- Langley-2.6%
- Coquitlam-0.8%
Full city comparison — August 2026
| City | 1-Bed Median | 2-Bed Median | MoM | Listings |
|---|---|---|---|---|
| Vancouver | $2,154 | $2,990 | +3.9% | 114 |
| North Vancouver | $2,498 | $3,200 | +0.2% | 616 |
| Burnaby | $2,285 | $2,357 | -7.8% | 60 |
| Richmond | $2,150 | — | 0.0% | 11 |
| Surrey | $1,765 | $2,350 | -8.2% | 33 |
| Langley | $1,754 | $2,344 | -2.6% | 59 |
| Coquitlam | $2,195 | $2,704 | -0.8% | 40 |
| New Westminster | $1,925 | $2,750 | -12.7% | 26 |
| Delta | $1,800 | $2,250 | — | 14 |
City-by-city deep dive
Vancouver
As the region's core, Vancouver sees intense competition for rentals. The median rent for a one-bedroom is $2,154, while a two-bedroom is $2,990. Larger family-sized units are extremely rare and expensive, with a three-bedroom median price of $4,500.
| Unit | Unfurnished | Furnished |
|---|---|---|
| Studio | $1,959 | — |
| 1BR | $2,154 | — |
| 2BR | $2,990 | — |
| 3BR | $4,500 | — |
| 4BR+ | $6,800 | — |
North Vancouver
North Vancouver is currently the most expensive rental market in Metro Vancouver based on this data. Median rent for a two-bedroom unit is $3,200. A notable segment of ultra-luxury properties exists, evidenced by a median price of $21,292 for five-bedroom homes based on a sample of 15 listings.
| Unit | Unfurnished | Furnished |
|---|---|---|
| Studio | $2,070 | — |
| 1BR | $2,498 | — |
| 2BR | $3,200 | — |
| 3BR | $4,200 | — |
| 4BR+ | $7,500 | — |
Burnaby
Burnaby offers a central location with rents slightly below Vancouver core prices. A one-bedroom has a median rent of $2,285 and a two-bedroom is $2,357. The price per square foot remains high due to the prevalence of newer concrete towers near transit hubs.
| Unit | Unfurnished | Furnished |
|---|---|---|
| Studio | $1,985 | — |
| 1BR | $2,285 | — |
| 2BR | $2,357 | — |
| 3BR | $3,048 | — |
| 4BR+ | $7,000 | — |
Surrey
Surrey provides some of the most affordable rental options in the region. A one-bedroom apartment is priced at a median of $1,765, while a two-bedroom is $2,350. It represents a key area for renters seeking more space and lower costs compared to municipalities closer to Vancouver.
| Unit | Unfurnished | Furnished |
|---|---|---|
| Studio | $1,585 | — |
| 1BR | $1,765 | — |
| 2BR | $2,350 | — |
| 3BR | $2,980 | — |
| 4BR+ | — | — |
Richmond
Richmond's rental data shows a median price of $2,150 for a one-bedroom apartment. Data for larger units was limited in this snapshot, but the city remains a popular, transit-connected alternative to Vancouver.
| Unit | Unfurnished | Furnished |
|---|---|---|
| Studio | $1,750 | — |
| 1BR | $2,150 | — |
| 2BR | $2,700 | — |
| 3BR | — | — |
| 4BR+ | — | — |
Coquitlam
As the hub of the Tri-Cities, Coquitlam's rental market is competitive. One-bedroom units have a median rent of $2,195 and two-bedrooms are $2,704. Proximity to the SkyTrain's Evergreen Extension keeps demand steady.
| Unit | Unfurnished | Furnished |
|---|---|---|
| Studio | $1,750 | — |
| 1BR | $2,195 | — |
| 2BR | $2,704 | — |
| 3BR | $3,350 | — |
| 4BR+ | $4,700 | — |
Langley
Along with Surrey, Langley is a leader in affordability. The median rent for a one-bedroom is $1,754, the lowest in the region for this unit type. Two-bedroom units are also comparatively affordable at $2,344.
| Unit | Unfurnished | Furnished |
|---|---|---|
| Studio | — | — |
| 1BR | $1,754 | — |
| 2BR | $2,344 | — |
| 3BR | $3,485 | — |
| 4BR+ | $3,500 | — |
New Westminster
New Westminster's central location and excellent transit access create strong demand. One-bedroom units are renting for a median of $1,925, while two-bedrooms command $2,750, placing it in the mid-range of Metro Vancouver prices.
| Unit | Unfurnished | Furnished |
|---|---|---|
| Studio | $1,825 | — |
| 1BR | $1,925 | — |
| 2BR | $2,750 | — |
| 3BR | $3,590 | — |
| 4BR+ | — | — |
West Vancouver
Data for West Vancouver was limited but points to a high-end market, particularly for larger homes. A three-bedroom unit had a median rent of $7,500 based on the available listings. It is known as one of Canada's most affluent communities.
| Unit | Unfurnished | Furnished |
|---|---|---|
| Studio | — | — |
| 1BR | $2,150 | — |
| 2BR | $2,950 | — |
| 3BR | $7,500 | — |
| 4BR+ | $6,980 | — |
Port Coquitlam
Port Coquitlam offers slightly more affordable options than Coquitlam Centre. A one-bedroom apartment rents for a median of $2,025. Data for two-bedroom units showed a median of $2,898, though based on a small sample size.
| Unit | Unfurnished | Furnished |
|---|---|---|
| Studio | — | — |
| 1BR | $2,025 | — |
| 2BR | $2,898 | — |
| 3BR | — | — |
| 4BR+ | — | — |
Port Moody
Data for Port Moody was extremely limited in this month's snapshot, with only one listing for a two-bedroom at $3,495. The city is highly desirable due to its waterfront setting and transit links, suggesting prices are generally in the upper-mid range for the region.
| Unit | Unfurnished | Furnished |
|---|---|---|
| Studio | — | — |
| 1BR | — | — |
| 2BR | $3,495 | — |
| 3BR | — | — |
| 4BR+ | — | — |
Abbotsford
No rental listings data for Abbotsford was available in the RentMe snapshot for August 2026. Abbotsford typically serves as a more affordable market outside the core Metro Vancouver area.
| Unit | Unfurnished | Furnished |
|---|---|---|
| Studio | — | — |
| 1BR | — | — |
| 2BR | — | — |
| 3BR | — | — |
| 4BR+ | — | — |
What this means
Supply drivers
Rental supply remains critically low across Metro Vancouver. High population growth and persistent high interest rates are keeping potential homebuyers in the rental market, increasing demand. While new purpose-built rentals are under construction, completion rates are not yet sufficient to offset the demand, keeping vacancy rates near historic lows.
For renters
The August market is highly competitive. Renters must be prepared to act decisively. Have references, credit checks, and deposits ready when viewing a property. To find more affordable options or larger spaces, consider expanding your search to municipalities south of the Fraser River, such as Surrey, Delta, and Langley.
For landlords
Market conditions are exceptionally strong for landlords. Demand is high, leading to minimal vacancy periods and the ability to command premium rents, especially for well-maintained units in desirable locations. With units renting in approximately two weeks on average, now is an optimal time to list any available property.
Methodology
Every figure in this report is calculated from RentMe's own database of active, verified rental listings collected across Metro Vancouver municipalities during August 2026. Medians are computed per city and unit type from the full listing set. Month-over-month changes compare the current snapshot to the prior published RentMe report for the same city. We do not use third-party survey data — only listings we have crawled, deduplicated, and verified on our platform.