Average Rent in Vancouver in Today’s Market
The average rent in Vancouver, BC, has climbed to $2,995, more than 50% higher than the national average.
Corporate Stays, renowned as Canada’s largest corporate housing provider, sets the standard in providing top-tier accommodation solutions.
Average Rent Prices for Furnished Corporate Rentals in Vancouver
The average rent in Vancouver corporate rentals is $2,911. If you’re looking for a 1-bedroom place, it’ll cost around $2,692, but a 2-bedroom jumps to $4,055. Renting a house is even pricier, averaging $3,087 a month.
| Apartment Type | Short-Term Average Rent | Long-Term Average Rent | Comparables |
| Studio | $2,516 | $2,316 | View |
| 1 Bedroom | $2,845 | $2,645 | View |
| 2 Bedroom | $4,479 | $4,279 | View |
| 3 Bedroom | $5,498 | $5,298 | View |
| 4 Bedroom | $6,887 | $6,687 | View |
Corporate Stays provides luxuriously furnished apartments in Vancouver, offering amenities for both short and long-term stays.
Find your perfect corporate rental today on CorporateStays.com.
Average Rent by Neighborhood in Vancouver
| Downtown Vancouver | $4,340 |
| Fairview | $2,973 |
| Hastings Sunrise | $2,665 |
| Kensington Cedar Cottage | $3,030 |
| Kitsilano | $3,509 |
| Marpole | $2,775 |
| Mt Pleasant | $3,272 |
| Renfrew Collingwood | $2,523 |
| University Endowment Lands | $4,427 |
| West End | $3,627 |
With options in all of the city’s most desirable neighborhoods, Corporate Stays is your go-to for Vancouver short-term corporate housing and long-term furnished rentals.
Comparison of Corporate Stays vs. Typical Residential Rents in Vancouver
| Property Type | Corporate Stays Average Rent | Typical Residential Average Rent |
| Studio | $2,516 | $1,900 |
| 1 Bedroom | $2,845 | $2,200 |
| 2 Bedroom | $4,479 | $3,250 |
| 3 Bedroom | $5,498 | $4,100 |
While the average rent for Corporate Stays properties is higher, the added value comes from the comprehensive amenities, services, and flexibility these furnished and managed properties provide.
Contact our representative for personalized rental solutions or the latest listings in your favorite neighborhoods.
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Key Factors Influencing Rent Prices in the Corporate Rental Market
Several critical factors significantly impact rent prices in the corporate rental sector. Understanding these can provide you valuable insights into the pricing structure.
| Local Economic Conditions | Economic health, employment rates, and growth sectors in the area can drive up rent prices. |
| International Business Activities | Multinational companies and foreign investments can increase demand for corporate housing. |
| Seasonal Demands | Certain times of the year see higher demand due to tourism, business conferences, or local events. |
| Location | Rentals in prime or central locations typically have higher rent prices. |
| Property Size and Amenities | Larger properties with more amenities (like gyms or pools) command higher rents. |
| Property Condition | Newly built or recently renovated properties can attract a premium. |
| Market Demand and Supply | High demand with limited supply in desirable areas pushes rent prices up. |
These factors work in tandem to determine the going rates for corporate rentals, reflecting the complexities of the local and global rental markets.
Historical Corporate Housing Market Trends Vancouver
The historical trends for 1-bedroom corporate apartment rents in Vancouver over the past decade highlight the fluctuations and general upward trends in pricing within the corporate rental housing market.
These trends reflect changes in local economic conditions, market demand, and Vancouver’s overall growth as a prime location for business and living.
| Year | Average Rent for 1 Bedroom Corporate Apartment |
| 2015 | $1,900 |
| 2016 | $2,050 |
| 2017 | $2,200 |
| 2018 | $2,350 |
| 2019 | $2,500 |
| 2020 | $2,845 |
| 2021 | $2,695 |
| 2022 | $2,845 |
| 2023 | $2,659 |
| 2024 | $2,995 |
The significant increase in rent from 2019 to 2020 is attributed to heightened demand for corporate housing solutions, driven by Vancouver’s growing status as a global business hub.
The slight decrease in 2021 reflects the temporary market adjustments due to the global situation affecting travel and business activities, with a steady recovery observed in 2022 as conditions began to normalize.
Average Rent in Nearby Cities for Furnished Apartments
When exploring alternatives to Vancouver’s corporate rental market, several nearby cities offer lower rent prices for furnished apartments.
| Montreal | Toronto | Ottawa | Halifax | Quebec City | Edmonton | Calgary | Winnipeg |
| $1,850 | $2,700 | $2,042 | $1,600 | $1,500 | $1,550 | $2,045 | $1,300 |