Rent data for Richmond
Compare rents in Richmond using public CMHC data, Rentals.ca market listings, and anonymous submissions from renters who live here.
Richmond rents are 8% below the Vancouver average.
Richmond is a city south of Vancouver proper, well connected by the Canada Line SkyTrain. It offers more affordable rents than most Vancouver neighbourhoods.
Estimated fair rent in Richmond
| Unit type | Estimated range / mo | Confidence |
|---|---|---|
| Studio | $1,500 to $2,100 | Baseline |
| 1 bedroom | $2,000 to $2,750 | Baseline |
| 2 bedroom | $2,650 to $3,650 | Limited |
| 3 bedroom | $3,300 to $4,600 | Limited |
| 3+ bedroom | $4,000 to $5,550 | Limited |
Ranges combine CMHC Rental Market Survey, Rentals.ca market listings, and anonymous renter submissions. Confidence rises as more renters in Richmond submit. Last updated June 2026.
Privacy comes first. We never collect your name or email and we never display individual rent submissions on this page. The numbers above are aggregated ranges across many anonymous submissions. Read the privacy policy.
Are rents in Richmond high or low?
Richmond rents run 8% below the Vancouver average for comparable units. Canada Line access keeps demand strong despite the suburban location.
Sitting below the Vancouver average does not automatically make a unit a bargain. Older buildings, fewer amenities, or a longer commute can all explain a lower rent, so it is worth weighing what you give up alongside what you save.
Help build better data for Richmond
Richmond has limited local data so far (3 submissions). Estimates rely primarily on CMHC and Rentals.ca data. Anonymous submissions make the Richmond benchmark sharper for the next renter who lands here.
Share my rent in RichmondNearby neighbourhoods
See how rents in Richmond compare with nearby Vancouver neighbourhoods.
Data sources
This page combines three sources, in order of how much weight each carries once enough local data exists:
- Anonymous renter submissions. Real rents reported by renters in Richmond.
- CMHC Rental Market Survey. Annual data covering purpose-built rentals.
- Rentals.ca market listings. Used for market context. Listings show asking rents, not necessarily signed rents.
Results are grouped by neighbourhood and unit type. Individual submissions are never shown publicly.
Before renting in Richmond
- Canada Line is the rent driver. Buildings within 5 minutes of Brighouse, Aberdeen or Lansdowne stations rent for noticeably more than those further out.
- Newer condo high-rises dominate near the Canada Line; older townhouses and low-rises are spread further into the suburbs.
- YVR airport is 20 minutes away on the Canada Line, meaningful if you travel for work.
- Compare by unit type. Bachelor, 1 bedroom, and 2 bedroom rents vary widely in Richmond. Use the snapshot table above for the right benchmark.
- Check what is included. A unit at the top of the range may include heat, water, or parking. A bare unit at the same price is more expensive in practice.
- Ask about parking. Indoor parking can add $100 to $250 per month depending on the building.
- Compare building age and condition. A renovated unit in a newer building often rents above the neighbourhood range.
- Ask about rent increase rules. In BC, annual rent increases are capped at the provincial guideline for all existing tenancies.
- Compare asking rent with reported rent. Listing sites show asking rents. Anonymous submissions help show what renters report paying.
FAQ for renters in Richmond
What is the average rent in Richmond?
The estimated fair range for a 1 bedroom in Richmond is $2,200 to $2,550 per month, based on CMHC data and Rentals.ca market listings. Richmond rents run 8% below the Vancouver average for comparable units. See the snapshot table above for all unit types.
Is Richmond more expensive than the rest of Vancouver?
Richmond rents run 8% below the Vancouver average for comparable units. Canada Line access keeps demand strong despite the suburban location. Use this as a benchmark, not a final appraisal. Building age, condition, floor, and included amenities affect individual rents.
How does FairRent calculate rent benchmarks?
We combine public CMHC Rental Market Survey data, Rentals.ca market listing data, and anonymous renter submissions. CMHC data is comprehensive but lags. Listings show asking rents. Anonymous submissions show what renters report paying. The blend gets more accurate as more renters contribute.
Is my rent submission anonymous?
Yes. We do not collect your name, email, address, phone, or IP. We store only your neighbourhood, unit type, monthly rent, move-in year, city, and whether parking or utilities are included. There is no way to trace a submission back to a person.
Does FairRent show my exact address?
No. We never display individual rent submissions publicly. We only show grouped data: ranges, medians, and confidence labels by neighbourhood and unit type. Your submission becomes one of many anonymous data points feeding the neighbourhood benchmark.
Why should I submit my rent in Richmond?
The data improves when more renters contribute. Your submission makes the Richmond benchmark better for the next renter checking their rent here. Submission takes about a minute and stays anonymous. Richmond has limited local data so far (3 submissions). Estimates rely primarily on CMHC and Rentals.ca data.
How often is this page updated?
Last updated June 2026. CMHC data is refreshed annually each fall. Rentals.ca data updates monthly. Anonymous renter submissions feed in continuously. Submissions older than two years are excluded so the benchmark stays current.
What if there is not enough data for Richmond?
When local submissions are limited, the estimate relies primarily on CMHC and Rentals.ca data adjusted for Richmond. Confidence labels in the table make this clear. The more renters in Richmond submit, the stronger the local benchmark gets.
Is this legal or financial advice?
No. FairRent provides market estimates for information only. Results are not professional appraisals, legal opinions, or official determinations. For rent disputes or formal proceedings, consult a licensed paralegal or your provincial tenant rights organization.
FairRent Canada · Vancouver Rent Calculator · Richmond rent data. Sources: CMHC Rental Market Survey, Rentals.ca market listings, anonymous renter submissions. Results are estimates only. Not legal, financial, or real estate advice. Last updated June 2026.