Cheap Homes for Rent in Burnaby, BC from $500 (94 Rentals)

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Search the lowest-cost Homes available for rent right now in Burnaby.

property at 7068 Jubilee Ave

$900 - $2,000

1 To 2 Bedroom Rentals

Available Now

7068 Jubilee Ave

BurnabyBCV5J 4B3
property at 306 Esmond Av

$1,150 - $3,500

Total Monthly Price

Total Monthly Price

Base Rent
$1,150 - $3,500

Total Monthly Price
$1,150 - $3,500

1 To 3 Bedroom Townhomes for Rent

Available Now

306 Esmond Av

BurnabyBCV5C 4J5

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

property at 3683 E Hastings St

$1,500 - $1,900

Studio To 1 Bedroom Rentals

Available Now

3683 E Hastings St

VancouverBCV5K 2B1

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

property at 539 Amess St

$1,600

Total Monthly Price

Total Monthly Price

Base Rent
$1,600

Total Monthly Price
$1,600

1 Bedroom, 1 Bath Home for Rent

Available Oct 1

539 Amess St

New WestminsterBCV3L 4A8

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

property at 4473 Oxford St

$1,600

Total Monthly Price

Total Monthly Price

Base Rent
$1,600

Total Monthly Price
$1,600

1 Bedroom, 1 Bath Home for Rent

Available Now

4473 Oxford St

BurnabyBCV5C 1E6

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

Burnaby, BC Local Guide

Cheapest Available Burnaby Apartments for Rent

 

The cheapest available apartment rental in Burnaby, BC is a Studio unit found at Holly Tree Apartments in the New Westminster neighborhood priced from $1,485. Sydney Place Apartments in the Coquitlam neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,595. Here is today’s list of the most affordable Burnaby apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Holly Tree Apartments0 Beds, 1 BathsStudio,1BA$1,485
Sydney Place Apartments0 Beds, 1 BathsStudio,1BA$1,595
Uptown Apartments1 bedroom1BR,1BA$1,600
Cameron Manor1 bedroom1BR,1BA$1,600
Tantus Tower0 Beds, 1 BathsStudio,1BA$1,605
Uptown WestStudioStudio,1BA$1,640
Sherbrooke Manor Apartments1 Beds, 1 Baths1BR,1BA$1,680
Colonial House Apartments1 Beds, 1 Baths1BR,1BA$1,685
The Laurels Apartments1 Beds, 1 Baths1BR,1BA$1,690
The Terraces on Tenth1 Beds, 1 Baths1BR,1BA$1,690

Best Value Apartments for Rent in Burnaby, BC

As of July 30, 2026 the best value apartment in the Burnaby area is the $1.63 price per square foot 2 Bedroom Model at The Dockyards At Port Royal in the in the New Westminster neighborhood starting from $2,395. The second greatest value Burnaby apartment is the 1 Beds, 1 Baths Model at The Westport Apartments starting at $1,695 with a $2.25 price per square foot in the New Westminster neighborhood. Here is today’s list of the best values for Burnaby apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The Dockyards At Port Royal2 Bedroom2BR,2BA$1.63
The Westport Apartments1 Beds, 1 Baths1BR,1BA$2.25
The Terraces on Tenth1 Beds, 1 Baths1BR,1BA$2.47
Redwood Manor1 Beds, 1 Baths1BR,1BA$2.49
The Laurels Apartments1 Beds, 1 Baths1BR,1BA$2.49
Daylin Manor Apartments1 Beds, 1 Baths1BR,1BA$2.57
Lynn Gary Apartments1 Beds, 1 Baths1BR,1BA$2.57
The Somerset Apartments1 Beds, 1 Baths1BR,1BA$2.61
Chateau Delon Apartments1 Beds, 1 Baths1BR,1BA$2.64
Uptown Apartments1 bedroom1BR,1BA$2.67

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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Quick Rent Budget Calculator

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The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

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Frequently Asked Questions about Burnaby

What type of rentals are currently available in Burnaby?

There are currently 1949 Apartments for Rent in Burnaby, BC with pricing that ranges from $1,150 to $46,733. There are also 332 Single Family Homes for rent, Condos, and Townhome rentals currently available in Burnaby ranging from $650 to $8,300.

What is the current price range for Rental Homes in Burnaby?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Burnaby ranges from $650 to $8,300 with an average monthly rent of $2,902.

How much are larger Three and Four Bedroom Rentals in Burnaby?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Burnaby range from $1,150 to $46,733, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,300 to $8,300. Four Bedroom Single-Family rentals are also available starting from $4,600 and Four Bedroom Apartments start at $1,420.

Expert Rental Resources

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

Articles, How-To's, and Tips

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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

decorative image for First Apartment Regrets: Real Renters Share What They'd Do Differently article

First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.