Cartier Street
8790 Cartier St,
Vancouver, BC V6P 4V2
1 Bed | $1,878 - $2,189
Rental Market Trends in Richmond, BC
Updated July 2026
What is the average rent in Richmond, BC?
$1,943/month
Average Rent
604 Sq Ft
Average Size
-2.9%
Change / Year
458
Available Apartments
As of July 2026, the average rent in Richmond, BC was $1,943/month. When you rent an apartment in Richmond, you can expect to pay as little as $1,954 to as much as $2,141, 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 Richmond, 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 Richmond, 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
8%
$1,001 - $1,500/month
29%
$1,501 - $2,000/month
62%
Above $2,000/month
Rent by Neighbourhood
What are the most affordable neighbourhoods in Richmond?
Based on current rent prices, Richmond is the most affordable neighbourhood in Richmond.
Neighbourhood
Average Rent
Average Sq Ft
What are the most expensive neighbourhoods in Richmond?
Based on current rent prices, Richmond is the most expensive neighbourhood in Richmond.
Neighbourhood
Average Rent
Average Sq Ft
Which Richmond neighbourhoods have the most rentals available?
The neighbourhood in Richmond with the most apartments available is Richmond .
Neighbourhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Richmond, BC?
Because the average rent in Richmond is $1,943, you’ll want to make about $6,476 per month or $77,712 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 Richmond, BC compare to other nearby cities and neighbourhoods?
Use the tool below to compare Richmond, 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 Richmond Area GuideStudio
$1,954/month
$1,954/month
One Bedroom
$1,943/month
$1,943/month
Two Bedroom
$2,247/month
$2,247/month
Three Bedroom
$2,141/month
$2,141/month
Compare Rent Trends Nearby
Get a clearer picture of the area by viewing rent trends in nearby cities.
Apartment Communities in Richmond We Think You'll Love
Frequently Asked Questions
What is the average rent in Richmond?
The average rent in Richmond is $1,943 per month, which is 10.3% higher than the national average of $1,762.
What is the average rent for a house in Richmond?
The average rent for a house in Richmond, BC is $3,568 per month.
Are rents going up or down in Richmond?
Rents in Richmond, BC are decreasing, with prices down 2.9% year-over-year and $55 less per month.
What rent range is most common in Richmond?
In Richmond, BC, 62% 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.