Cheap Homes for Rent in Vancouver, BC from $500 (25 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

property at 3862 41st Av W

$900

Total Monthly Price

Total Monthly Price

Base Rent
$900

Total Monthly Price
$900

3 Bedroom, 1.5 Bath Home for Rent

Available Now

3862 41st Av W

VancouverBCV6N 3G1
property at 7068 Jubilee Ave

$900 - $2,000

1 To 2 Bedroom Rentals

Available Now

7068 Jubilee Ave

BurnabyBCV5J 4B3
property at 3853 W 15th Ave

$1,000 - $1,100

6 To 8 Bedroom Rentals

Available Aug 1

3853 W 15th Ave

VancouverBCV6R 3A1

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 3550 W 39th Ave

$1,000 - $1,100

3 To 6 Bedroom Rentals

Available Now

3550 W 39th Ave

VancouverBCV6N 3A5
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

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 3683 E Hastings St

$1,500 - $1,900

Studio To 1 Bedroom Rentals

Available Now

3683 E Hastings St

VancouverBCV5K 2B1
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

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.

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.

Vancouver, BC Local Guide

Cheapest Neighborhoods for Apartments in Vancouver, BC

Pricing Updated: 07/27/2026

Current apartment rentals in the Vancouver, BC area range in price from $1,300 to $31,536 with an overall median price of $12,947. The three Vancouver neighborhoods with the lowest median rent pricing are Grandview Woodland at $1,595, South Cambie at $1,695, and Marpole at $1,753. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Vancouver Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Grandview Woodland $3,675$1,5959
South Cambie$3,700$1,69522
Marpole $3,731$1,75334
Mount Pleasant$4,302$1,76733
Strathcona $4,312$1,88921
Kerrisdale $4,565$1,78023
Hastings Sunrise $7,744$1,7656
Downtown Vancouver$9,585$1,37535
Oakridge $11,011$2,01735
Riley Park$11,806$1,69547

Cheapest Available Vancouver Apartments for Rent

 

The cheapest available apartment rental in Vancouver, BC is a Studio unit found at Linwood Court in the Burnaby neighborhood priced from $1,495. Marine Terrace in the South Vancouver neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,550. Here is today’s list of the most affordable Vancouver apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Linwood CourtBachelor AStudio,1BA$1,495
Marine TerracePlan BStudio,1BA$1,550
Burnaby CentreStudioStudio,1BA$1,725
International Plaza (Residential)Bachelor B International PlazaStudio,1BA$1,750
Cartier Street1 Bed Promotional price for 12 months*1BR,1BA$1,753

Best Value Apartments for Rent in Vancouver, BC

As of July 28, 2026 the best value apartment in the Vancouver area is the $2.28 price per square foot 2595 Point Grey Rd Model at 2595 Point Grey Rd in the in the Kitsilano neighborhood starting from $20,185. The second greatest value Vancouver apartment is the 2 Beds, 2 Baths Model at Kerrisdale Towers A & B starting at $3,150 with a $2.99 price per square foot in the Arbutus Ridge neighborhood. Here is today’s list of the best values for Vancouver apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
2595 Point Grey Rd2595 Point Grey Rd4BR,3BA$2.28
Kerrisdale Towers A & B2 Beds, 2 Baths2BR,2BA$2.99
55 Water St1 Bedroom(s) and 1 Bathroom(s)1BR,1BA$3.00
Metro Pointe Burnabytwo bedrooms2BR,2BA$2.84
Fraser Flats Apartments2 Beds, 1 Baths2BR,1BA$3.13
Park Royal Towers1 Bedroom(s) and 1 Bathroom(s)1BR,1BA$2.93
Wall Vista Del Mar1 Bed / 1 Bath • 670 SF1BR,1BA$2.99
Wall Ambleside1 Bed / 1 Bath • 651 SF1BR,1BA$3.15
8735 Selkirk1 Bed Promotional price1BR,1BA$3.04
Linwood CourtBachelor AStudio ,1BA$3.05

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.

Read Article
Decorative image

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.

Read Article
Decorative image

Quick Rent Budget Calculator

How much rent can you afford?

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.

decorative image of people with a giant lease agreement

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

Explore Vancouver, BC Rentals by Map

View Map
Vancouver, BC Apartments Map
View Map
Vancouver, BC Rental Homes Map

Frequently Asked Questions about Vancouver

What type of rentals are currently available in Vancouver?

There are currently 5619 Apartments for Rent in Vancouver, BC with pricing that ranges from $1,300 to $46,761. There are also 477 Single Family Homes for rent, Condos, and Townhome rentals currently available in Vancouver ranging from $550 to $28,000.

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

Today's rental pricing for Homes for Rent, Condos and Townhomes in Vancouver ranges from $550 to $28,000 with an average monthly rent of $4,950.

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

For those who are looking for larger living arrangements, Three Bedroom Apartments in Vancouver range from $2,250 to $46,761, while Three Bedroom Homes, Condos, and Townhomes for rent range from $900 to $28,000. Four Bedroom Single-Family rentals are also available starting from $4,600 and Four Bedroom Apartments start at $4,688.

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

decorative image for Rent According to Income: A Look at Income-Restricted Rentals   article

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 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.

decorative image for Apartment Occupancy Rates: Renter Attraction vs Renter Retention   article

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.

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

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

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.