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Looking to rent in or near downtown Vancouver? The good news is that rent prices have actually stabilized in the past couple of months, with studio prices down 0.79% and one bedroom’s prices down 0.55% since last month. According to PadMapper, the latest monthly rent average in Vancouver as of October 2019 is:
- $1,880 for a Studio
- $2,188 for a 1 Bedroom
- $3,200 for a 2 Bedroom
However, the bad news is that the precious space within these condos is still priced at a premium. And, while some of these listings look like they're straight out of Architectural Digest, others look like they could give you a mild to serious case of claustrophobia. Based on your desired neighbourhood and proximity to the downtown core, here’s how many square feet you can expect to get in Vancouver right now:
Stanley Park & West End
Best known for its parks and beaches, the West End Neighbourhood is nestled between the beautiful Stanley Park/English Bay Beach and the downtown core. The neighbourhood also boasts a large selection of dining attractions. It’s one of Vancouver’s most culturally diverse locations, home to the city’s gay village, 40,000 high-rise apartments dwellers, and heritage homes.
Here are some current listings of a studio, 1 bedroom and 2 bedroom apartment in Vancouver’s West End:
For $2,000 You Can Get This 259 FT² Studio Apartment
For $2,200 You Can Get This 410 FT² 1 Bedroom Condo
For $3,500 Can Get You This 825 FT² 2 Bedroom Condo
Situated in the south-east downtown area, Yaletown is one of the city’s trendiest neighbourhoods. Filled with residential lofts, cafes, cool restaurants and boutique shops, this pricey area might not be for everyone.
Here are some current listings of a studio, 1 bedroom and 2 bedroom apartment in Vancouver’s Yaletown:
For $2,200 You Can Get This 450 FT² Studio Apartment
For $2,895 You Can Get This 505 FT² 1 Bedroom Condo
For $3,600 You Can Get This 900 FT² 2 Bedroom Condo
One of Vancouver’s oldest neighbourhoods, Gastown sits along the north of the downtown peninsula. It’s a place with an enduring, historic charm keeps bringing the tourists in. It’s a district that combines the old and new, filled not only with Victorian architecture, street lamps and cobblestone streets but also top restaurants, decor boutiques and unique galleries. While Gastown’s rent costs are more reasonable than Yaletown, it’s a place with a bit more traditional character.
Here are some current listings of a studio, 1 bedroom and 2 bedroom apartment in Vancouver’s Gastown:
For $825 You Can Get This 100 FT² Room in a Studio Apartment
For $2,200 You Can Get This 586 FT² 1 Bedroom Condo
For $3,000 You Can Get This 810 FT² 2 Bedroom Condo
Kitsilano & South Granville
The Kitsilano and South Granville neighbourhoods are located southwest and directly south of Vancouver’s downtown core. Just over the Burrard Bridge, the “Kits” neighbourhood is made up of the best beaches in Vancouver, stunning views of downtown and the mountains, residential streets, and a couple of main commercial districts. It’s home to many students, young urban professionals and families who enjoy a modern, relaxed atmosphere.
Here are some current listings of a studio, 1 bedroom and 2 bedroom apartment in Vancouver’s Kitsilano and South Granville:
For $1,625 You Can Get This 475 FT² Studio Apartment
For $2,595 You Can Get This 650 FT² 1 Bedroom Condo
For $3,200 You Can Get This 1,260 FT² 2 Bedroom Apartment
Fairview & Mount Pleasant
Just south-east of the downtown peninsula, the Fairview / Mount Pleasant neighbourhood consists of mostly residential streets and housing. With galleries, breweries and boutiques, this area is the Vancouver equivalent of Brooklyn.
Here are some current listings of a studio, 1 bedroom and 2 bedroom apartment in Vancouver’s Fairview / Mount Pleasant neighbourhood:
For $2,400 You Can Get This 690 FT² Studio Apartment
For $2,500 You Can Get This 556 FT² 1 Bedroom Condo
And For $3,500 You Can Get This 1,068 FT² 2 Bedroom Condo
Ok, so what does this all mean?
In this article we laid out fifteen current Vancouver rental listings as of October 2019. From the cheapest at $825 for 100 FT² in the trendy Gastown to the second most expensive at $3,500 for 1,068 FT² in the residential Mount Pleasant and everything in-between, here’s what we can conclude: while the further outside of the city you get the cheaper your rent can get, you’re not really going to double that square footage unless you double the money. With only slight variations between all these neighbourhoods within and close to the downtown core, you pay not only for your location but also your space.
For those opting for the smaller spaces, make the most of those square feet with Second Closet. Second Closet is a valet storage company that picks up, stores, and delivers your stuff back to you when you need it. And, it fits perfectly into your monthly budget. Starting at only $3 a month, you can offload any seasonal, sentimental, or rarely used items your Vancouver limited square foot apartment just won’t give you room for.
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