Rental Market Trends in Cranbrook, BC
Updated July 2026
The average rent in Cranbrook, BC is $1,274/month.
$1,274/month
Average Rent
610 Sq Ft
Average Size
+0.5%
Change / Year
0
Available Apartments
Cranbrook rent varies by unit size and layout:
- Studio apartments in Cranbrook average $917 per month.
- One-bedroom apartments in Cranbrook average $1,274 per month.
- Two-bedroom apartments in Cranbrook average $1,761 per month.
- Three-bedroom apartments in Cranbrook average $2,140 or more per month.
Average Rent by Home Type
How much has average rent changed in Cranbrook, BC?
In the past year, rent has increased by 0.5%, which averages out to $6 more per month.
Market Trends Over Time
July 2026
Rent Ranges in Cranbrook, BC
What salary do I need to live comfortably in Cranbrook, BC?
Because the average rent in Cranbrook is $1,274, you’ll want to make about $4,246 per month or $50,952 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 Cranbrook, BC compare to other nearby cities and neighbourhoods?
Use the tool below to compare Cranbrook, 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.
Frequently Asked Questions
What is the average rent in Cranbrook?
The average rent in Cranbrook is $1,274 per month, which is 27.4% lower than the national average of $1,756.
Are rents going up or down in Cranbrook?
Rents in Cranbrook, BC are increasing, with prices up 0.5% year-over-year and $6 more per month.
What rent range is most common in Cranbrook?
In Cranbrook, BC, 40% of apartments fall between $700 - $1,000/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.