Last updated on September 25, 2026

Average rent in
Richmond, BC

Key takeaways for renters

  • The bottom line

    Richmond, BC rent slipped 7.4% year over year, with a current median of $2,500/month. Renters today are paying $292 less per month on average than last year, continuing a downward trend since the peak of $2,900/month in April 2025.

  • Richmond rents are 31.6% more expensive than the $1,900/month national median, placing it among pricier Canadian metro markets. The city offers 112 total rentals, a smaller inventory compared to larger metros.

  • Price ranges

    Studios in Richmond rent for about $1,770/month, 1-bedrooms around $2,100/month, and 2-bedrooms near $2,800/month, with 4+ bedrooms reaching $4,150/month. These bedroom tiers represent the range most renters target in the city.

  • Neighborhood spotlight

    Lackner rents fell 49.0% year over year to $2,500/month across 23 rentals, a much steeper decline than the citywide 7.4% drop. This local change stands out within Richmond's rental market.

Median rent

Median rent in Richmond

$2,500/mo

decreased by7%

vs previous year

The average rent in Richmond is $2,500 per month as of September 2026. This is 32% above the national average rent, or $600 more per month.

$2.78

average price per square foot

Total rentals

Available rentals in Richmond

112

for rent on Zumper.com as of September 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 decreased by 3% over the last month and have decreased by 7% 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 $2,400, whereas a house costs $3,100. 1-bedroom apartments in Richmond run $2,198 on average, while 2-bedroom apartments are $2,800.

Listings

Studio

$1,770

4%

7%

1 bedroom

$2,100

1%

3%

2 bedroom

$2,800

2%

3%

3 bedroom

$3,300

1%

6%

4 bedroom

$4,150

13%

12%

Studio

Average rent

$1,770

Last 30 days

4%

Last year

7%

1 bedroom

Average rent

$2,100

Last 30 days

1%

Last year

3%

2 bedroom

Average rent

$2,800

Last 30 days

2%

Last year

3%

3 bedroom

Average rent

$3,300

Last 30 days

1%

Last year

6%

4 bedroom

Average rent

$4,150

Last 30 days

13%

Last year

12%

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$2,500
increased by32%

higher than the national median

Median rent price$2,000
increased by5%

higher than the national median

Takeaway

The median rent for all rentals in Richmond, BC is 25% higher than the median rent in Blaine, WA.

Discover rentals in Richmond, BC

11160 Barkentine Place - Photo 1 of 1

5d+ ago

Steveston South house for rent in Richmond

Williams Road - Photo 1 of 1

20h ago

Ironwood house for rent in Richmond

2 beds

1 bath

$2,000

$1,830

Price drop

8091 Number 4 Road - Upper Unit 1 - Photo 1 of 1

6h ago

Garden City house for rent in Richmond

7700 Francis Rd - Photo 1 of 1

5d+ ago

Broadmoor apartment for rent in Richmond

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 $2,500 per month as of September 19, 2026.

Is rent up or down in Richmond?

Average rent prices in Richmond have decreased by 3% over the last month and have decreased by 7% since last year.

How does Richmond rent compare to the national average?

Rent in Richmond is 32% above the national average, which means renters are paying approximately $600 more per month.

Which neighborhoods are most affordable in Richmond?

The most affordable neighborhoods in Richmond are Broadmoor ($1,950/mo), Moffatt ($2,350/mo), and Saunders ($2,440/mo).

What salary do I need to afford rent in Richmond?

To comfortably afford rent in Richmond, you'd need to earn approximately $100,000/year, based on spending no more than 30% of your income on rent.

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

December offers the best rental deals in Richmond, with prices running about 7% lower than February's peak rates. July tends to be the most competitive month with higher demand, while December sees the least competition among renters.

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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