April 2025 Vancouver Rent Report 



Rent Prices Are Shifting in Metro Vancouver — Here’s What You Should Know
Rent prices dropped again this April ⬇️
The average cost of an unfurnished 1-bedroom is now $2,278 — that’s $28 less than last month and $98 lower than last year!
Meanwhile, furnished rentals are on the rise!
They’re now $213 more than unfurnished units — a huge jump from just $47 last month ! 🛋️
Coquitlam is back in Canada’s top 5 most expensive rental markets, joining:
🏙️ West Vancouver
🏞️ North Vancouver
🌆 Vancouver
🌉 Richmond
🏡 Coquitlam
Price drops across Vancouver, Surrey, Langley, and North Van for all types of unfurnished units — but furnished units in Vancouver and Langley saw price increases for 1-, 2-, and 3-bedrooms.
With interest rates expected to decrease through 2025 📉, more changes may be coming.