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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.
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'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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