Last updated on June 26, 2026

Average rent in
Richmond, BC

Key takeaways for renters

  • The bottom line

    Richmond, BC rent slipped 3.7% year over year, with a current median of $2,600/month. Renters today are paying $35 less per month on average than last year, after a recent month-to-month increase of 4.0%.

  • Richmond runs roughly 1.3× the $1,950/month national median, placing it among pricier Canadian metros. The market offers 164 total rentals, reflecting a moderate inventory size for the region.

  • Price ranges

    Studios in Richmond rent for $1,550/month, 1-bedrooms around $2,050/month, and 2-bedrooms at $2,750/month, with 3-bedrooms at $3,600/month and 4+ bedrooms reaching $4,950/month. Houses command a median of $3,290/month, while apartments sit at $2,500/month, showing distinct price tiers.

  • Neighborhood spotlight

    In Richmond, BC, Terra Nova rents fell 49.2% year over year to $2,795/month, with Hamilton close behind at -49.1% to $2,250/month. These steep declines contrast with the citywide 3.7% drop and reveal significant local variation.

Median rent

Median rent in Richmond

$2,600/mo

decreased by4%

vs previous year

The average rent in Richmond is $2,600 per month as of June 2026. This is 33% above the national average rent, or $650 more per month.

$2.54

average price per square foot

Total rentals

Available rentals in Richmond

164

for rent on Zumper.com as of June 2026

Rent price distribution

Share of Richmond rentals at each price point

70%53%35%18%0%
$0 - $1,500
$1,501 - $3,000
$3,001 - $4,500
$4,501 - $6,000
$6,001 - $50,000

Rent trends in Richmond, BC

Average rent prices in Richmond have increased by 4% over the last month and have decreased by 4% since last year.

Rent trends

Rent prices on this page are calculated on a rolling 30-day basis and updated daily.

Compare rent prices in Richmond, BC

Rent prices in Richmond vary by bedroom size, rental type, and neighborhood. The average rent for an apartment in Richmond is $2,500, whereas a house costs $3,290. 1-bedroom apartments in Richmond run $2,050 on average, while 2-bedroom apartments are $2,750.

Listings

Studio

$1,550

1%

13%

1 bedroom

$2,050

4%

7%

2 bedroom

$2,750

5%

7%

3 bedroom

$3,600

No Change

No Change

4 bedroom

$4,950

2%

11%

Studio

Average rent

$1,550

Last 30 days

1%

Last year

13%

1 bedroom

Average rent

$2,050

Last 30 days

4%

Last year

7%

2 bedroom

Average rent

$2,750

Last 30 days

5%

Last year

7%

3 bedroom

Average rent

$3,600

Last 30 days

No Change

Last year

No Change

4 bedroom

Average rent

$4,950

Last 30 days

2%

Last year

11%

The table above reflects average rent prices in Richmond, BC, broken down by the number of bedrooms, neighborhoods, and property types. The availability of data for each category is dependent on market inventory and will adjust depending on your selected filters.

How does rent in Richmond, BC compare to other cities?

Compare median rent prices in Richmond and Blaine by all bedroom counts and property types.

Richmond

Median rent price$2,600
increased by33%

higher than the national median

Median rent price$2,446
increased by25%

higher than the national median

Takeaway

The median rent for all rentals in Richmond, BC is 6% higher than the median rent in Blaine, WA.

Discover rentals in Richmond, BC

8355 Bowcock Road - Photo 1 of 1

5d+ ago

Garden City house for rent in Richmond

House for rent

Available Jul 1

8000 Minler Rd - Photo 1 of 1

5d+ ago

Apartment for rent in Richmond

Apartment for rent

Available May 21

8131 Ryan Road #158 - Photo 1 of 1
Income restricted

5d+ ago

Our team has verified this company

Verified

Apartment for rent

Available Mar 1

7300 Langton Road - Photo 1 of 1

3d ago

Granville apartment for rent in Richmond

2 beds

1 bath

$2,100

$1,950

Price drop

Apartment for rent

Available Jul 1

Stay up to date with rental market insights

Are you interested in licensing our current and historical rental real estate data, or do you have custom data requests? Contact datalicensing@zumper.com.

Frequently asked questions for Richmond, BC

Quick answers to common questions about the Richmond rental market.

How much is rent in Richmond?

The average rent in Richmond is $2,600 per month as of June 20, 2026.

Is rent up or down in Richmond?

Average rent prices in Richmond have increased by 4% over the last month and have decreased by 4% since last year.

How does Richmond rent compare to the national average?

Rent in Richmond is 33% above the national average, which means renters are paying approximately $650 more per month.

Which neighborhoods are most affordable in Richmond?

The most affordable neighborhoods in Richmond are St Albans ($2,300/mo), Broadmoor ($2,400/mo), and South Arm ($2,500/mo).

What salary do I need to afford rent in Richmond?

To comfortably afford rent in Richmond, you'd need to earn approximately $104,000/year, based on spending no more than 30% of your income on rent.

When is the best time of year to rent in Richmond?

Richmond's 2025 rental market shows one-bedroom apartments averaging around $2,200 per month, while two-bedroom units average around $2,900 monthly. These figures reflect current pricing across the city's diverse neighborhood options.

Methodology

Rent prices are based on Zumper's rental listings from the past 30 days. Median rent is calculated across all available listings and property types on the platform. If you filter the page by bedroom count or property type, the pricing throughout the page will update automatically to reflect that segment of the rental market.

Household and population data come from the U.S. Census Bureau. Cost-of-living data is sourced from the Council for Community and Economic Research's Cost of Living Index (COLI).

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