Highlights
- 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.
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
12
Median 1-bed rent
$2,129
Median 2-bed rent
$2,795
Active listings
2,290
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 West Vancouver at $2,750, while Surrey offered the best value at $1,765.
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 | +1.5% | 460 |
| Burnaby | $2,285 | $2,795 | +1.2% | 85 |
| Surrey | $1,765 | $2,475 | +0.9% | 195 |
| Richmond | $1,789 | — | +0.8% | 90 |
| Coquitlam | $2,129 | $2,750 | +1.1% | 110 |
| Port Coquitlam | $2,025 | $2,975 | +1.0% | 25 |
| Port Moody | — | — | +1.3% | 40 |
| North Vancouver | $2,490 | $3,196 | +2.1% | 950 |
| West Vancouver | $2,750 | $2,950 | +2.5% | 35 |
| New Westminster | $1,895 | $3,672 | +0.7% | 30 |
| Langley | $1,800 | $2,344 | +0.6% | 120 |
| Abbotsford | — | — | +0.5% | 150 |
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 | — |
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 | — |
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 | — |
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 | — | — |
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 | — |
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 | — |
What this means
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.
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.