➤ Downtown and West End recorded some of the largest one-bedroom rent declines: Among Metro Vancouver neighbourhoods analyzed, Downtown Vancouver saw one of the biggest year-over-year drops in one-bedroom unfurnished rents, falling from $2,764/month in March 2025 to $2,383/month in March 2026 (-13.8%). The West End also declined notably, with rents dropping from $2,673/month to $2,393/month (-10.5%)

➤ West Point Grey / UBC continues to command the highest one-bedroom rents:
Even with rent declines across Vancouver, West Point Grey / UBC remained the most expensive area for one-bedroom rentals. Unfurnished one-bedroom rents averaged $2,791/month in March 2026, slightly up from $2,731/month in February 2026 and higher than areas like Downtown ($2,383) and Kitsilano ($2,171)

➤ Surrey and Fraser Valley markets remain far more affordable than Vancouver: Markets in Surrey and the Fraser Valley remain much cheaper than Vancouver. In Newton, one-bedroom unfurnished rents averaged $1,474/month in March 2026, while Abbotsford averaged $1,520/month and Guildford $1,619, highlighting the region’s affordability gap.

March 2026 Average Rent Prices (unfurnished):

Vancouver
1-Bedroom: $2,215
2-Bedroom: $2,928
3-Bedroom: $3,647

North Vancouver
1-Bedroom: $2,353
2-Bedroom: $3,259
3-Bedroom: $3,957

West Vancouver
1-Bedroom: $2,430
2-Bedroom: $3,073
3-Bedroom: $5,047

Burnaby
1-Bedroom: $2,142
2-Bedroom: $2,632
3-Bedroom: $3,179

Coquitlam
1-Bedroom: $1,915
2-Bedroom: $2,451
3-Bedroom: $3,147

Looking for more information on a specific neighbourhood? Contact us at info@brixpm.ca