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Map: Here are the cheapest neighbourhoods for rent in Metro Vancouver this November

Your guide to the cheapest rent in the most expensive market in Canada.
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Locals seeking cheap Metro Vancouver rent in November 2023 can find low-cost options in Surrey and Langley.

Searching for affordable Metro Vancouver rent is a time-consuming experience. 

Despite prices decreasing across the region for the second consecutive month in a row, with prices for newly-listed one-bedroom, unfurnished units falling by $44 to $2,362, Canada's four priciest markets are all located in the Lower Mainland, according to liv.rent's November 2023 report. 

West Vancouver is now Canada's most expensive city, with its units climbing by $158 to $2,740 this month. Rentals for units hitting the market this month in Vancouver proper aren't much cheaper, with units averaging $2,670 a month. 

North Vancouver rounded out the top three most expensive markets, with its units averaging $2,740, followed by Burnaby and Richmond, in fourth and fifth respectively, with their units averaging $2,444 and $2,400.

Are there any affordable Metro Vancouver rent options?

Some Lower Mainland cities or neighbourhoods offer a better bang for a renter's buck. 

Abbotsford continues to offer the lowest average monthly prices, as the only area in the region with units averaging under $2,000. This November, renters can expect to shell out around $1,1641. 

Surrey has several neighbourhoods with average rental prices totalling under $2,000, such as South Surrey at $1,888, Newton at $1,927, Guildford at $1,945, and Fleetwood at $1,945.

Unfortunately, there aren't any other neighbourhoods in the Lower Mainland with newly-listed units averaging under $2,000 this November. The next best option is Langley's Willoughby neighbourhood, where units averaged $2,043. 

In the city of Vancouver, renters can expect to pay an average of $2,114 in the Hastings-Sunrise neighbourhood and $2,125 in the Sunset-Victoria Fraserview. 

The cheapest option in Richmond is the Steveston neighbourhood, where units average $2,170.

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Photo via liv.rent
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Photo via liv.rent