Renters looking for cheap options in the Lower Mainland face steeper average prices this month.
In April, the average price for an unfurnished one-bedroom apartment in the region costs $2,263, up $55 from March when the average cost was $2,208, according to liv.rent's latest report.
For unfurnished, one-bedroom units, "Coquitlam, West Vancouver, and Surrey had the most significant increases this month, while the only two month-to-month declines occurred in New Westminster and Vancouver."
Four of the top five most expensive cities in Canada are located in the Lower Mainland. West Â鶹´«Ã½Ó³»is the most expensive city in the country, with one-bedroom units averaging $2,730.
The City of Â鶹´«Ã½Ó³»is the second priciest market, with units averaging $2,523. North Â鶹´«Ã½Ó³»follows in third, with its units averaging $2,476.
Burnaby was the fourth most-expensive market, with prices averaging $2,361 for a one-bedroom, unfurnished unit.
The cheapest Metro Â鶹´«Ã½Ó³»neighbourhoods for rental housing in April 2023
Renters are unlikely to find options below $2,000 per month in any neighbourhood in the City of Vancouver, but there are a few options in other cities.
Abbotsford offers the most affordable prices for locals looking to get the most bang for their buck, with one-bedroom, unfurnished units averaging $1,565.
Folks looking to stay in the Metro Â鶹´«Ã½Ó³»region can find rental units averaging $1,913 in Langley's Willoughby neighbourhood.
In Surrey the Guildford neighbourhood costs an average of $1,759 this month, while South Surrey units average $1,919. The Newton neighbourhood units cost an average of $1,934.
Renters hoping to score low-cost options in the City of Vancouver will find their dollars go the furthest in the Strathcona-Grandview Woodland neighbourhood, with units averaging $2,110. Another lower-cost option is Renfrew-Collingwood, where units average $2,156.
The third least-expensive Â鶹´«Ã½Ó³»neighbourhood is Marpole, with units averaging $2,241 this month.
