720 Queens Ave
720 Queens Ave,
New Westminster, BC V3M 1L6
1-2 Beds | $1,999 - $2,552
Rental Market Trends in New Westminster, BC
Updated July 2026
What is the average rent in New Westminster, BC?
$1,932/month
Average Rent
565 Sq Ft
Average Size
-2.9%
Change / Year
393
Available Apartments
As of July 2026, the average rent in New Westminster, BC was $1,932/month. When you rent an apartment in New Westminster, you can expect to pay as little as $3,198 to as much as $3,216, depending on the location and size of the apartment.
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 New Westminster, BC?
In the past year, rent has decreased by 2.9%, which averages out to $55 less per month.
Market Trends Over Time
July 2026
2025
2026
Rent Ranges in New Westminster, BC
July 2026
$1,501 - $2,000
Most rental prices fall within this range
Percentage*
Rent Range
0%
Below $700/month
1%
$700 - $1,000/month
5%
$1,001 - $1,500/month
47%
$1,501 - $2,000/month
47%
Above $2,000/month
Rent by Neighbourhood
What are the most affordable neighbourhoods in New Westminster?
Based on current rent prices, New Westminster is the most affordable neighbourhood in New Westminster.
Neighbourhood
Average Rent
Average Sq Ft
What are the most expensive neighbourhoods in New Westminster?
Based on current rent prices, New Westminster is the most expensive neighbourhood in New Westminster.
Neighbourhood
Average Rent
Average Sq Ft
Which New Westminster neighbourhoods have the most rentals available?
The neighbourhood in New Westminster with the most apartments available is New Westminster .
Neighbourhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in New Westminster, BC?
Because the average rent in New Westminster is $1,932, you’ll want to make about $6,440 per month or $77,280 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 New Westminster, BC compare to other nearby cities and neighbourhoods?
Use the tool below to compare New Westminster, 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 New Westminster Area GuideStudio
$3,198/month
$3,198/month
One Bedroom
$1,932/month
$1,932/month
Two Bedroom
$2,525/month
$2,525/month
Three Bedroom
$3,216/month
$3,216/month
Compare Rent Trends Nearby
Get a clearer picture of the area by viewing rent trends in nearby cities.
Apartment Communities in New Westminster We Think You'll Love
Frequently Asked Questions
What is the average rent in New Westminster?
The average rent in New Westminster is $1,932 per month, which is 9.6% higher than the national average of $1,762.
What is the average rent for a house in New Westminster?
The average rent for a house in New Westminster, BC is $3,487 per month.
What is the average rent for a townhome in New Westminster?
The average rent for a townhome in New Westminster, BC is $2,940 per month.
Are rents going up or down in New Westminster?
Rents in New Westminster, BC are decreasing, with prices down 2.9% year-over-year and $55 less per month.
What rent range is most common in New Westminster?
In New Westminster, BC, 47% of apartments fall between $1,501 - $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.