Richmond is a city south of Vancouver proper, well connected by the Canada Line SkyTrain. It offers more affordable rents than most Vancouver neighbourhoods.
| Unit type | Estimated range / mo |
|---|---|
| Bachelor / Studio | $1,600 to $1,950 |
| 1 Bedroom | $2,150 to $2,650 |
| 2 Bedroom | $2,800 to $3,450 |
| 3 Bedroom | $3,550 to $4,350 |
Source: CMHC Rental Market Survey (October 2024) and community submissions. Updated March 2026.
What is the average rent for a 1-bedroom in Richmond?
Based on CMHC data and local renter submissions, the estimated fair range for a 1-bedroom in Richmond is $2,150 to $2,650 per month. This is 8% below the Vancouver average.
Is rent controlled in Richmond?
Yes. BC caps annual rent increases at the provincial guideline rate (3.0% for 2025). This applies to all residential tenancies in Richmond.
How do I check if my Richmond rent is fair?
Use the Vancouver Rent Calculator at https://vancouverfairrent.ca. Enter your neighbourhood, unit type, and monthly rent. You will receive a Fair Rent Canada Score from 1 to 10 showing how your rent compares to the local market.
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