University Heights
3980 Shelbourne St,
Victoria, BC V8N 6J1
$1,850 - $4,275 Total Monthly Price
Studio - 3 Beds | 12 Month Lease
Rental Market Trends in Victoria, BC
What is the average rent in Victoria, BC?
$1,983/month
Average Rent
597 Sq Ft
Average Apartment Size
-1.1%
Decrease in the Last Year
As of March 2026, the average rent in Victoria, BC was $1,983/month. When you rent an apartment in Victoria, you can expect to pay as little as $1,660 to as much as $3,081, depending on the location and size of the apartment.
Floor Plan Type
Average Rent
Average 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 Victoria, BC?
In the past year, rent has decreased by 1.1%, which averages out to $22 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 March 2026
Legend
2025
2026
Rent Ranges in Victoria, BC
Last Updated March 2026
Above $2,000
Most rental prices fall within this range
Percentage*
Rent Range
0%
Below $700/month
1%
$700 - $1,000/month
4%
$1,001 - $1,500/month
35%
$1,501 - $2,000/month
60%
Above $2,000/month
What salary do I need to live comfortably in Victoria, BC?
Because the average rent in Victoria is $1,983, you’ll want to make about $6,610 per month or $79,320 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 Victoria, BC compare to other nearby cities and neighborhoods?
Use the tool below to compare Victoria, 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.
Nearby City Rent Trends
Apartment communities in Victoria we think you'll love
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.