Koto - Student Rental
9516 University Cres,
Burnaby, BC V5A 1C8
Studio - 4 Beds | $1,250 - $2,285
Rental Market Trends in Burnaby, BC
Updated July 2026
The average rent in Burnaby, BC is $1,949/month.
$1,949/month
Average Rent
560 Sq Ft
Average Size
-2.1%
Change / Year
947
Available Apartments
Burnaby rent varies by unit size and layout:
- Studio apartments in Burnaby average $1,727 per month.
- One-bedroom apartments in Burnaby average $1,949 per month.
- Two-bedroom apartments in Burnaby average $2,573 per month.
- Three-bedroom apartments in Burnaby average $3,063 or more per month.
Average Rent by Home Type
Bedrooms
Average Rent
Average Sq Ft
Bedrooms
Average Rent
Average Sq Ft
Bedrooms
Average Rent
Average Sq Ft
How much has average rent changed in Burnaby, BC?
In the past year, rent has decreased by 2.1%, which averages out to $40 less per month.
Market Trends Over Time
July 2026
2025
2026
Rent Ranges in Burnaby, BC
July 2026
Above $2,000
Most rental prices fall within this range
Percentage*
Rent Range
0%
Below $700/month
0%
$700 - $1,000/month
7%
$1,001 - $1,500/month
40%
$1,501 - $2,000/month
53%
Above $2,000/month
Rent by Neighbourhood
What are the most affordable neighbourhoods in Burnaby?
Based on current rent prices, Burnaby is the most affordable neighbourhood in Burnaby.
Neighbourhood
Average Rent
Average Sq Ft
What are the most expensive neighbourhoods in Burnaby?
Based on current rent prices, Burnaby is the most expensive neighbourhood in Burnaby.
Neighbourhood
Average Rent
Average Sq Ft
Which Burnaby neighbourhoods have the most rentals available?
The neighbourhood in Burnaby with the most apartments available is Burnaby .
Neighbourhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Burnaby, BC?
Because the average rent in Burnaby is $1,949, you’ll want to make about $6,496 per month or $77,952 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.
How does Burnaby, BC compare to other nearby cities and neighbourhoods?
Use the tool below to compare Burnaby, BC to other nearby cities and neighbourhoods. The Apartments.com neighbourhood guides provide you with insight into the area’s transportation, things to do, and more.
View the Burnaby Area GuideStudio
$1,727/month
$1,727/month
One Bedroom
$1,949/month
$1,949/month
Two Bedroom
$2,573/month
$2,573/month
Three Bedroom
$3,063/month
$3,063/month
Compare Rent Trends Nearby
Get a clearer picture of the area by viewing rent trends in nearby cities.
Apartment Communities in Burnaby We Think You'll Love
Frequently Asked Questions
What is the average rent in Burnaby?
The average rent in Burnaby is $1,949 per month, which is 11.1% higher than the national average of $1,755.
What is the average rent for a house in Burnaby?
The average rent for a house in Burnaby, BC is $3,197 per month.
What is the average rent for a townhome in Burnaby?
The average rent for a townhome in Burnaby, BC is $2,916 per month.
Are rents going up or down in Burnaby?
Rents in Burnaby, BC are decreasing, with prices down 2.1% year-over-year and $40 less per month.
What rent range is most common in Burnaby?
In Burnaby, BC, 53% of apartments fall above $2,000/month, though prices may vary depending on location and other factors.
Methodology
† Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
* Percentages may not total 100 due to rounding.