The latest numbers are in — here’s what’s happening across Metro Vancouver.
Downtown Vancouver rents climb but still remain below last year’s highs: Average rent for an unfurnished one-bedroom climbed to $2,818, which is up 4.1% since May but still 2.9% lower than this time last year.
Unfurnished one-bedroom rents down $129 year-over-year: The average price for an unfurnished one-bedroom in Metro Vancouver is now $129/month lower than in July 2024.
Burnaby sees the largest annual rent drop in Metro Vancouver: Average rents for unfurnished one-bedrooms are down 7.6% compared to last year, with Central Burnaby experiencing a 16.1% decline.
July 2025 Average Rent Prices:
Vancouver
1-Bedroom: $2,421
2-Bedroom: $3,047
3-Bedroom: $3,660
North Vancouver
1-Bedroom: $2,476
2-Bedroom: $3,455
3-Bedroom: $4,205
West Vancouver
1-Bedroom: $2,617
2-Bedroom: $3,662
3-Bedroom: $4,724
Burnaby
1-Bedroom: $2,289
2-Bedroom: $2,867
3-Bedroom: $3,631
Coquitlam
1-Bedroom: $2,046
2-Bedroom: $2,540
3-Bedroom: $3,451
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