Metro Vancouver's cheapest neighbourhoods to rent (MAP)
Rent in Canada’s most expensive cities continues to rise, but some pockets of Metro Vancouver are much more affordable than others.
According to an updated rent report from liv.rent, for an unfurnished one-bedroom apartment, the price difference between the average rent in different neighbourhoods is as high as $1,306.
The cheapest neighbourhood is Abbotsford, although the city is not technically part of Metro Vancouver.
“Abbotsford offers surprising value for renters given its broad appeal and excellent location. As of November 2022, a one-bedroom, unfurnished unit in Abbotsford rents for an average of just $1,532 per month, while a two-bedroom unit can be had for $1,835 on average – significantly lower than nearby Langley,” said liv.rent.
The most affordable Vancouver neighbourhood is Renfrew.
“Vancouver’s rent prices are higher than ever in November 2022, at an average of $2,594 per month for an unfurnished, one-bedroom unit in the city,” said liv.rent.
“Despite this, savvy renters can still find cheaper prices in certain pockets of the city. Renfrew is a good example of this, with an average price of $2,033 per month for an unfurnished, one-bedroom unit.”
Here’s what the average cost of rent in Metro Vancouver by neighbourhood looks like as of November 2022:
So, where are the best rental deals?
According to liv.rent, the cheapest neighbourhood to rent is Abbotsford, followed by Newton and South Surrey. In total, there are seven neighbourhoods where the average rent of an unfurnished one-bedroom unit is under $2,000.
How much are you paying for rent these days?