1770 Pendrell
1770 Pendrell St,
Vancouver, BC V6G 0C5
1-2 Beds | $2,675 - $3,650
Rental Market Trends in Vancouver, BC
Updated July 2026
The average rent in Vancouver, BC is $2,252/month.
$2,252/month
Average Rent
519 Sq Ft
Average Size
-1.2%
Change / Year
2,026
Available Apartments
Vancouver rent varies by unit size and layout:
- Studio apartments in Vancouver average $2,006 per month.
- One-bedroom apartments in Vancouver average $2,252 per month.
- Two-bedroom apartments in Vancouver average $3,172 per month.
- Three-bedroom apartments in Vancouver average $4,131 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
Bedrooms
Average Rent
Average Sq Ft
How much has average rent changed in Vancouver, BC?
In the past year, rent has decreased by 1.2%, which averages out to $27 less per month.
Market Trends Over Time
July 2026
2025
2026
Rent Ranges in Vancouver, BC
July 2026
Above $2,000
Most rental prices fall within this range
Percentage*
Rent Range
0%
Below $700/month
1%
$700 - $1,000/month
8%
$1,001 - $1,500/month
24%
$1,501 - $2,000/month
68%
Above $2,000/month
Rent by Neighbourhood
What are the most expensive neighbourhoods in Vancouver?
Based on current rent prices, Downtown Vancouver, Strathcona and Mount Pleasant are the most expensive neighbourhoods in Vancouver.
Neighbourhood
Average Rent
Average Sq Ft
Which Vancouver neighbourhoods have the most rentals available?
The neighbourhoods in Vancouver with the most apartments available are West End, Downtown Vancouver and Marpole .
Neighbourhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Vancouver, BC?
Because the average rent in Vancouver is $2,252, you’ll want to make about $7,506 per month or $90,072 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 Vancouver, BC compare to other nearby cities and neighbourhoods?
Use the tool below to compare Vancouver, 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 Vancouver Area GuideStudio
$1,678/month
$2,266/month
One Bedroom
$1,977/month
$2,560/month
Two Bedroom
$2,714/month
$3,527/month
Three Bedroom
$4,402/month
$4,062/month
Compare Rent Trends Nearby
Get a clearer picture of the area by viewing rent trends in nearby cities.
Apartment Communities in Vancouver We Think You'll Love
Frequently Asked Questions
What is the average rent in Vancouver?
The average rent in Vancouver is $2,252 per month, which is 27.6% higher than the national average of $1,765.
What is the average rent for a house in Vancouver?
The average rent for a house in Vancouver, BC is $3,465 per month.
What is the average rent for a townhome in Vancouver?
The average rent for a townhome in Vancouver, BC is $3,554 per month.
What is the average rent for a condo in Vancouver?
The average rent for a condo in Vancouver, BC is $2,389 per month.
Are rents going up or down in Vancouver?
Rents in Vancouver, BC are decreasing, with prices down 1.2% year-over-year and $27 less per month.
What rent range is most common in Vancouver?
In Vancouver, BC, 68% 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.