Average Rent for a 1-Bedroom in Vancouver
Two credible sources, two different numbers -- here's what each one measures.
Last updated: October 2026
Quick answer
Vancouver's average one-bedroom asking rent was $2,350/month in August 2026, down about 6.0% year-over-year, according to the Rentals.ca and Urbanation National Rent Report (September 2026 edition). CMHC's Rental Market Survey (October 2025 survey), which averages the entire existing purpose-built rental stock rather than only new listings, put Vancouver's average one-bedroom rent at $1,806/month.
Which number should you use?
If you are budgeting for a new lease you are about to sign, the Rentals.ca asking-rent figure ($2,350) is the more realistic planning number, since it reflects what landlords are actually listing vacant one-bedroom units for today. If you are trying to understand what the average existing Vancouver tenant pays -- including many tenants who have been in place for years under BC's rent-increase cap (2.3% for 2026, 2.2% for 2027) -- CMHC's stock-wide figure ($1,806) is closer to that reality. The roughly $540 gap between them is one of the widest asking-versus-stock gaps among major Canadian cities.
Frequently Asked Questions
What is the average rent for a 1-bedroom apartment in Vancouver in 2026?
About $2,350/month for a new listing as of August 2026 (Rentals.ca asking rents, down about 6.0% year-over-year), or $1,806/month averaged across all existing purpose-built rental units as of CMHC's October 2025 survey.
Why is there such a big gap between the two 1-bedroom figures?
CMHC's figure includes long-tenured tenants whose rent increases are capped at 2.3% for 2026 and 2.2% for 2027 under BC's Residential Tenancy Act, while Rentals.ca only measures new listings priced at today's market rate. Vancouver's cap keeps in-place rents well below what a new tenant would pay, widening the gap.
Sources
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