Rental Market Trends in Victoria, BC

Q: What is the average rent in Victoria, BC?

As of July 2026, the average rent in Victoria, BC was $1,999/month.

Updated July 2026

The average rent in Victoria, BC is $1,999/month.

$1,999/month

Average Rent

586 Sq Ft

Average Size

-0.2%

Change / Year

1,101

Available Apartments

Victoria rent varies by unit size and layout:

Studio apartments in Victoria average $1,691 per month.
One-bedroom apartments in Victoria average $1,999 per month.
Two-bedroom apartments in Victoria average $2,573 per month.
Three-bedroom apartments in Victoria average $3,336 or more per month.

Average Rent by Home Type

Bedrooms

Average Rent

Average Sq Ft

Studio

$1,691/month

389 Sq Ft

One Bedroom

$1,999/month

586 Sq Ft

Two Bedroom

$2,573/month

779 Sq Ft

Three Bedroom

$3,336/month

1,140 Sq Ft

View Victoria Apartments

How much has average rent changed in Victoria, BC?

In the past year, rent has decreased by 0.2%, which averages out to $3 less per month.

Percentage*

Rent Range

0% Below $700/month

1% $700 - $1,000/month

3% $1,001 - $1,500/month

33% $1,501 - $2,000/month

63% Above $2,000/month

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

Because the average rent in Victoria is $1,999, you’ll want to make about $6,663 per month or $79,956 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 neighbourhoods?

Use the tool below to compare Victoria, 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 Victoria Area Guide

Apartment Averages

Apartment Communities in Victoria We Think You'll Love

University Heights

3980 Shelbourne St,
Victoria, BC V8N 6J1

Studio - 3 Beds | $2,015 - $3,726

252 Gorge Rd E

252-254 Gorge Rd E,
Victoria, BC V9A 6W4

1-2 Beds | $1,886 - $2,746

2840 & 2850 Carlow Road

2840-2850 Carlow Rd,
Victoria, BC V9B 4E3

1-2 Beds | $2,011 - $2,736

The Gorge

45 Gorge Rd E,
Victoria, BC V9A 1L1

1-3 Beds | $2,025 - $3,700

Frequently Asked Questions

What is the average rent in Victoria?

The average rent in Victoria is $1,999 per month, which is 13.6% higher than the national average of $1,759.

Are rents going up or down in Victoria?

Rents in Victoria, BC are decreasing, with prices down 0.2% year-over-year and $3 less per month.

What rent range is most common in Victoria?

In Victoria, BC, 63% of apartments fall above $2,000/month, though prices may vary depending on location and other factors.

Canada British Columbia Victoria 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.