Rental Market Trends in Vernon, BC

What is the average rent in Vernon, BC?

$1,880/month

Average Rent

626 Sq Ft

Average Apartment Size

-4.3%

Decrease in the Last Year

As of May 2026, the average rent in Vernon, BC was $1,880/month. When you rent an apartment in Vernon, you can expect to pay as little as $1,365 to as much as $1,819, depending on the location and size of the apartment.

Floor Plan Type

Average Rent

Average Sq Ft

Studio

$1,365/month

321 Sq Ft

One Bedroom

$1,880/month

626 Sq Ft

Two Bedroom

$1,985/month

784 Sq Ft

Three Bedroom

$1,819/month

1,067 Sq Ft

Floor Plan Type

Average Rent

Average Sq Ft

Floor Plan Type

Average Rent

Average Sq Ft

Floor Plan Type

Average Rent

Average Sq Ft

How much has average rent changed in Vernon, BC?

In the past year, rent has decreased by 4.3%, which averages out to $80 less per month.

Percentage*

Rent Range

0% Below $700/month

0% $700 - $1,000/month

14% $1,001 - $1,500/month

29% $1,501 - $2,000/month

57% Above $2,000/month

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

Because the average rent in Vernon is $1,880, you’ll want to make about $6,266 per month or $75,192 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 Vernon, BC compare to other nearby cities and neighborhoods?

Use the tool below to compare Vernon, BC to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.

Apartment Averages

Nearby City Rent Trends

Apartment communities in Vernon we think you'll love

Hilltop Manors II

4003 34A St,
Vernon, BC V1T 8C4

$1,800 - $2,400

1-2 Beds

Park Edge

3910 Alexis Park Dr,
Vernon, BC V1T 6H3

$1,830

1 Bed

Vernon City View Apartments

3501 Centennial Dr,
Vernon, BC V1T 2T8

$1,300 - $1,525

Studio - 2 Beds

4403 20th St

4403 20th St,
Vernon, BC V1T 4E4

$2,250

2 Beds

Canada British Columbia Vernon 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.