Park Edge
3910 Alexis Park Dr,
Vernon, BC V1T 6H3
1 Bed | $1,915
Rental Market Trends in Vernon, BC
Updated August 2026
The average rent in Vernon, BC is $1,919/month.
$1,919/month
Average Rent
629 Sq Ft
Average Size
-3.2%
Change / Year
15
Available Apartments
Vernon rent varies by unit size and layout:
- Studio apartments in Vernon average $1,403 per month.
- One-bedroom apartments in Vernon average $1,919 per month.
- Two-bedroom apartments in Vernon average $2,059 per month.
- Three-bedroom apartments in Vernon average $1,820 or more per month.
Average Rent by Home Type
Bedrooms
Average Rent
Average Sq Ft
How much has average rent changed in Vernon, BC?
In the past year, rent has decreased by 3.2%, which averages out to $61 less per month.
Market Trends Over Time
August 2026
2025
2026
Rent Ranges in Vernon, BC
August 2026
Above $2,000
Most rental prices fall within this range
Percentage*
Rent Range
0%
Below $700/month
0%
$700 - $1,000/month
14%
$1,001 - $1,500/month
14%
$1,501 - $2,000/month
71%
Above $2,000/month
What salary do I need to live comfortably in Vernon, BC?
Because the average rent in Vernon is $1,919, you’ll want to make about $6,396 per month or $76,752 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 neighbourhoods?
Use the tool below to compare Vernon, 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.
Compare Rent Trends Nearby
Get a clearer picture of the area by viewing rent trends in nearby cities.
Apartment Communities in Vernon We Think You'll Love
Frequently Asked Questions
What is the average rent in Vernon?
The average rent in Vernon is $1,919 per month, which is 10.0% higher than the national average of $1,744.
Are rents going up or down in Vernon?
Rents in Vernon, BC are decreasing, with prices down 3.2% year-over-year and $61 less per month.
What rent range is most common in Vernon?
In Vernon, BC, 71% 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.