Highlights
- Rental rates across Metro Vancouver saw moderate month-over-month increases, with an average rise of 1.2% as the peak moving season intensifies competition.
- North Vancouver has the most expensive one-bedroom ($2,490) and two-bedroom ($3,200) median rents among municipalities with significant listing volume.
- Affordability is greatest in Fraser Valley communities, where a one-bedroom in Langley ($1,849) costs over $600 less per month than a similar unit in North Vancouver.
- Overall market supply remains constrained, with active listings down an estimated 5% year-over-year, putting upward pressure on prices across all municipalities.
RentMe listings snapshot — July 2026
Aggregated from active, verified rental listings across Metro Vancouver municipalities collected on the RentMe platform during July 2026.
Cities covered
9
Median 1-bed rent
$2,150
Median 2-bed rent
$2,795
Active listings
975
Asking rents by municipality
Median advertised rents on RentMe for 1-bedroom and 2-bedroom units across Metro Vancouver in July 2026. The most expensive market for a 1-bed was North Vancouver at $2,490, while Langley offered the best value at $1,849.
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.
Full city comparison — July 2026
| City | 1-Bed Median | 2-Bed Median | MoM | Listings |
|---|---|---|---|---|
| Vancouver | $2,139 | $2,790 | +1.1% | 53 |
| North Vancouver | $2,490 | $3,200 | +1.5% | 731 |
| Burnaby | $2,285 | $2,795 | +1.3% | 35 |
| Richmond | $2,150 | $2,800 | +1.0% | 9 |
| Surrey | $1,990 | $2,475 | +0.9% | 21 |
| Coquitlam | $2,195 | $2,750 | +1.2% | 44 |
| Langley | $1,849 | $2,344 | +0.7% | 59 |
| West Vancouver | $2,150 | $3,774 | +1.8% | 10 |
| New Westminster | $1,925 | $3,690 | +0.8% | 13 |
City-by-city deep dive
Vancouver
The City of Vancouver's rental market remains highly competitive in July, with the median one-bedroom rent at $2,139. While slightly more affordable than the North Shore, inventory is tight, with only 53 active listings analyzed in this data snapshot, leading to fast absorption of new units.
| Unit | Unfurnished | Furnished |
|---|---|---|
| Studio | $1,959 | $2,350 |
| 1-Bedroom | $2,139 | $2,500 |
| 2-Bedroom | $2,790 | $3,250 |
| 3-Bedroom | $3,800 | $4,400 |
North Vancouver
North Vancouver stands out as one of the priciest rental markets in the region, fueled by high demand for its lifestyle amenities. A one-bedroom unit commands a median rent of $2,490, with a two-bedroom at $3,200, based on a robust sample of over 700 listings.
| Unit | Unfurnished | Furnished |
|---|---|---|
| Studio | $2,075 | $2,450 |
| 1-Bedroom | $2,490 | $2,900 |
| 2-Bedroom | $3,200 | $3,700 |
| 3-Bedroom | $4,200 | $4,900 |
Burnaby
Burnaby is a central, yet costly, rental option. One-bedroom units average $2,285 and two-bedrooms are $2,795. The price for two-bedroom units is nearly identical to Vancouver's, reflecting strong demand around its major transit hubs and commercial centers like Metrotown and Brentwood.
| Unit | Unfurnished | Furnished |
|---|---|---|
| Studio | $1,985 | $2,350 |
| 1-Bedroom | $2,285 | $2,650 |
| 2-Bedroom | $2,795 | $3,250 |
| 3-Bedroom | — | — |
Surrey
Surrey offers some of the most affordable rental options in Metro Vancouver, with a median one-bedroom rent of $1,990. As the region's fastest-growing city, new supply is being added, but demand continues to keep prices on an upward trend.
| Unit | Unfurnished | Furnished |
|---|---|---|
| Studio | $1,670 | $2,000 |
| 1-Bedroom | $1,990 | $2,300 |
| 2-Bedroom | $2,475 | $2,850 |
| 3-Bedroom | $2,300 | $2,700 |
Langley
As one of the most affordable municipalities for renters in the region, Langley's median one-bedroom rent stands at $1,849. The area provides significant value and larger living spaces compared to more centrally located municipalities, attracting families and cost-conscious renters.
| Unit | Unfurnished | Furnished |
|---|---|---|
| Studio | — | — |
| 1-Bedroom | $1,849 | $2,150 |
| 2-Bedroom | $2,344 | $2,700 |
| 3-Bedroom | $2,575 | $2,950 |
Coquitlam
Coquitlam's rental market benefits from its SkyTrain access, with a one-bedroom median rent of $2,195. It serves as a balance between the high prices of Burnaby and the distance of the Fraser Valley.
| Unit | Unfurnished | Furnished |
|---|---|---|
| Studio | — | — |
| 1-Bedroom | $2,195 | $2,550 |
| 2-Bedroom | $2,750 | $3,150 |
| 3-Bedroom | $4,274 | $4,800 |
Richmond
Richmond's rents are comparable to Vancouver and Burnaby, with a one-bedroom median of $2,150. The data sample for this period is small (n=9), suggesting low turnover or limited availability in the public market.
| Unit | Unfurnished | Furnished |
|---|---|---|
| Studio | $1,750 | $2,100 |
| 1-Bedroom | $2,150 | $2,500 |
| 2-Bedroom | $2,800 | $3,250 |
| 3-Bedroom | — | — |
West Vancouver
West Vancouver remains the region's luxury market, with median rent for a two-bedroom apartment at $3,774. Inventory is extremely scarce, with only 10 total listings analyzed, leading to volatile and premium pricing.
| Unit | Unfurnished | Furnished |
|---|---|---|
| Studio | — | — |
| 1-Bedroom | $2,150 | $2,600 |
| 2-Bedroom | $3,774 | $4,300 |
| 3-Bedroom | $7,500 | $8,500 |
What this means
Supply drivers
Rental supply growth is not keeping pace with population increases driven by interprovincial and international migration. While new purpose-built rental construction is underway, project completion timelines mean immediate relief is unlikely, keeping the market tight.
For renters
The summer market is highly competitive. Renters must have all documentation prepared in advance to act on a listing immediately. Expanding search parameters to include municipalities like Langley, Delta, or Surrey can yield significant cost savings.
For landlords
With vacancy rates below 1.5% and sustained high demand, landlords can expect minimal vacancy periods between tenants. Pricing units in line with current local market medians is crucial to attract a wide pool of qualified applicants and avoid extended days on market.
Methodology
Every figure in this report is calculated from RentMe's own database of active, verified rental listings collected across Metro Vancouver municipalities during July 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.