Vancouver rental market trends 2025: What renters should expect

Renting in Vancouver can be exciting for its vibrant culture and beautiful surroundings—but it also comes with its challenges. Staying on top of rental market trends helps you find the right place at a fair price. Whether you’re looking for a studio downtown, a family-friendly townhouse in the suburbs, or a student suite, here’s what renters should expect in 2025.

At Tingsapp, we believe renting and moving should be clear and easy. Just like our app gives you upfront pricing on moving, this guide gives you the latest insights to rent smarter in Vancouver.

 

Higher rent, slower growth

Rents in Vancouver have been steadily increasing over the years. In 2025, expect:

• Moderate rent increases, with average hikes between 3 and 5 percent.

• Limited sharp jumps, thanks to rent control rules in British Columbia that cap annual increases.

• Some stability in certain neighbourhoods as new rental buildings come online.

More rental supply in the mix

New rentals are opening in Vancouver, especially in:

• Tonnes of new condo and townhome developments near False Creek, Broadway corridor, and parts of Burnaby.

• Purpose-built rental buildings offering one-year or longer lease terms.

• While supply is increasing, demand remains strong—so apartments will go fast.

Shift in neighbourhood popularity

Some areas are gaining buzz while others remain steady:

• Mount Pleasant and Main-Street corridor are hot thanks to cafes, shops, and transit lines.

• East Vancouver (like Nanaimo and Renfrew) offers more value for renters, with character homes and nearby amenities.

• Burnaby, New Westminster and Surrey are in demand by families and students because of more space and lower price per square foot.

Expect more flexible lease options

In a shifting market, landlords and property managers are trying new ideas:

• Shorter or month-to-month leases are more common, especially in purpose-built rentals.

• Flexible renewal incentives, like small rent freezes or upgrades, to keep good tenants.

• Watch for furnished or semi‑furnished listings as more renters want move-in-ready homes.

Higher costs for utilities and amenities

Rent price isn’t the only expense renters face:

• Utility costs (heat, electricity, water) may not be included in all rentals—always check.

• Fees for parking, bike storage, and pets are standard in newer buildings.

• Expect to budget an extra $100 to $200 per month for these add-ons in condos.

How renters can stay ahead

Here are tips for smart renting in 2025:

• Set alerts on rental sites like Zumper, PadMapper, Liv.rent, and Facebook Marketplace.

• Act fast on new listings by calling or messaging as soon as they appear.

• Have your application ready with proof of income, credit check, references, and ID.

• Negotiate perks, not just price—ask for free parking, storage space, or pet waivers.

• Know your rights under BC’s Residential Tenancy Act, including rules on rent increases, deposits, and landlord entry.

The role of moving in a tight market

Moving may become more frequent as renters chase better deals or more space. At Tingsapp, we simplify the transition:

• Book a move quickly and easily with upfront pricing and reliable movers.

• Move across Vancouver or to nearby suburbs without stress.

• Get full transparency—no surprise fees, clear tracking, and easy scheduling.

Final thoughts

Vancouver’s rental market in 2025 brings modest rent increases, more options, and flexible leases. But it still moves fast—and costs are rising outside of rent too. Staying informed, being prepared, and acting quickly can help you find the right place.

And when it’s time to move, Tingsapp makes the process seamless. Download the app today and book your move with confidence.