Thursday, May 12 2022

Hint: it’s not cheap.

If you’re looking to take a break from skyrocketing rental prices in Vancouver by moving to another neighborhood, you may be out of luck.

While prices vary across the city, most neighborhoods in Vancouver cost significantly more than their regional counterparts.

Zumper, an online rental company, released average rental prices for Vancouver in May 2022, which shows price increases for almost every category. To compile the data, the company scans its active inventory to find rental price trends.

Prices have risen sharply over the past month, with one-bedroom apartments rising 3% to $2,275 and two-bedroom apartments rising 6% to $3,300. The studios, however, remained stable.

Three-bedroom apartments cost an average of $4,287 in May, which is a staggering 34% year-over-year increase. Those looking for a four-bedroom rental face an average of $5,995, which is a staggering 67% increase.

Since 2021, one-bedroom apartments have seen an increase of 17% and two-bedroom units have increased by 22%.

Photo via Zumper

Here are the average rents for neighborhoods in Vancouver.



























Downtown Vancouver $2,500
west end $2,175
Mount Pleasant $2,250
Fairview $2,000
marpole $1,950
Renfrew-Collingwood $2,000
Kitsilano $1,963
Sunset $1,914
Killarney $2,050
Kensington Cedar Cottage $2,000
Riley Park – Little Mountain $2,360
Oakridge $1,995
West Point Gray $2,040
University endowment lands $2,218
Kerrisdale $2,075
Grandview-Woodland $1,748
Cambia $2,350
dunbar $2,000
Quilchena $2,870
Hastings Sunrise $1,500
South Granville $1,750
Strathcona $1,973
Victoria Fraserview $1,750
Arbutus $1,600
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