If you're looking for cheap rent in the Lower Mainland, you might not have much luck anywhere near Downtown Vancouver.
But there are some more affordable options for renters willing to travel outside of the region's most expensive cities, which are also the top five most expensive ones for housing rentals in Canada this month.
As temperatures climb across the region, the average monthly rental price for a one-bedroom, unfurnished bedroom has increased by $51 from $2,330 in June to $2,381, according to the latest report from Liv.rent.
West Vancouver is the most expansive city in which to rent an unfurnished, one-bedroom apartment in the region this summer, with prices averaging an eye-watering $2,910. However, there are several cheaper cities and neighbourhoods to rent in across the Lower Mainland.
The cheapest Metro Vancouver neighbourhoods for rental housing in July 2023
Abbotsford remains the cheapest place in which to rent an unfurnished, one-bedroom unit in the Lower Mainland, with montly rates averaging $1,621 for new listings. This price is just over half (55 per cent) of the cost of West Vancouver's average units.
Surrey also offers a range of economical options for locals looking for more affordable rent in the region. Guildford's unfurnished, one-bedroom units averaged $1,738 this July. Langley also has some cheaper options, with its Willoughby neighbourhood averaging $1,881 per month in rent.
The only other neighbourhood that slid under the $2,000 mark this month was Hastings-Sunrise in the City of Vancouver. Newly-listed unfurnished, one-bedroom units in this part of town averaged $1,930 this month.
All of the one-bedroom units in Burnaby and Richmond neighbourhoods averaged over $2,000, with prices starting at $2,371 in Burnaby's South Slope and $2,500 in Richmond's Golden Village.
