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Rental Market Trends in Richmond, BC

What is the average rent in Richmond, BC?

$1,949/month

Average Rent

612 Sq Ft

Average Apartment Size

-4.8%

Decrease in the Last Year

As of June 2026, the average rent in Richmond, BC was $1,949/month. When you rent an apartment in Richmond, you can expect to pay as little as $1,921 to as much as $2,143, depending on the location and size of the apartment.

Floor Plan Type
Average Rent
Average Sq Ft
Studio
$1,921/month
544 Sq Ft
One Bedroom
$1,949/month
612 Sq Ft
Two Bedroom
$2,218/month
877 Sq Ft
Three Bedroom
$2,143/month
1,223 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
One Bedroom
$1,621/month
167 Sq Ft
Two Bedroom
$2,187/month
123 Sq Ft
Three Bedroom
$3,335/month
471 Sq Ft
Four Bedroom
$4,501/month
666 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
One Bedroom
$2,039/month
421 Sq Ft
Two Bedroom
$2,380/month
661 Sq Ft
Three Bedroom
$3,758/month
548 Sq Ft

How much has average rent changed in Richmond, BC?

In the past year, rent has decreased by 4.8%, which averages out to $94 less per month.

Market Trends Over Time   The chart below compares average rent prices to the previous year during the same time period.
Last Updated June 2026
Legend
2025 2026
Market Trends Over Time
Rent Ranges in Richmond, BC
Last Updated June 2026
Above $2,000
Most rental prices fall within this range
Rent Ranges in Richmond, BC
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

Last Updated Today
  • Most Affordable
  • Most Expensive
  • Most Available

What are the most affordable neighbourhoods in Richmond?

Based on current rent prices, Richmond is the most affordable neighbourhood in Richmond.

Calculate Rent Affordability
Neighbourhood
Average Rent
Average Sq Ft
Richmond
$2,061/month
605 Sq Ft

What are the most expensive neighbourhoods in Richmond?

Based on current rent prices, Richmond is the most expensive neighbourhood in Richmond.

Calculate Rent Affordability
Neighbourhood
Average Rent
Average Sq Ft
Richmond
$2,061/month
605 Sq Ft

Which Richmond neighbourhoods have the most rentals available?

The neighbourhood in Richmond with the most apartments available is Richmond .

Calculate Rent Affordability
Neighbourhood
Average Rent
Average Sq Ft
Richmond
$2,061/month
605 Sq Ft
This information is based on data collected by CoStar Group researchers.†

What salary do I need to live comfortably in Richmond, BC?

Because the average rent in Richmond 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.

City

Richmond, BC

270 Available Apartments for Rent

Search for Nearby Apartments

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.

Explore the Area Guide for Richmond, BC

Apartment Averages

Richmond

Richmond, BC

Richmond

Richmond, BC

Studio
$2,101/month
$2,101/month
One Bedroom
$1,948/month
$1,948/month
Two Bedroom
$2,212/month
$2,212/month
Three Bedroom
$2,139/month
$2,139/month
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Nearby City Rent Trends

  • Vancouver Average Rent
  • Delta Average Rent
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  • New Westminster Average Rent
  • North Vancouver Average Rent
  • West Vancouver Average Rent
  • North Vancouver District Average Rent

Apartment communities in Richmond we think you'll love

1373 West 73rd

1373 West 73rd

1373 W 73rd Ave,
Vancouver, BC V6P 3E9

$1,762 - $2,569

Studio - 2 Beds

SIGNAL at Marine Gateway

SIGNAL at Marine Gateway

8428 Ash St,
Vancouver, BC V6P 5Y1

$2,130 - $3,060

Studio - 2 Beds

8675 French

8675 French

8675 French St,
Vancouver, BC V6P 4W5

$1,817 - $2,609

Studio - 2 Beds

RIVA Residences

RIVA Residences

7771 Alderbridge Way,
Richmond, BC V6X 2A4

$3,324 - $3,899

1-4 Beds

Canada British Columbia Richmond Rental Trends

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.

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Equal Housing Opportunity