Average Rental Prices in Victoria, BC: A Guide to Budgeting for Your Next Home

May 5, 2023

Victoria, BC is a beautiful city with a thriving rental market, but it can also be expensive. The cost of rent in Victoria varies depending on a number of factors, including location, size, and amenities. Here are some average rental prices to give you an idea of what to expect in different areas of the city:

📍 Downtown Victoria

The downtown area is a popular location for students and young professionals, and rental prices reflect this. A one-bedroom apartment in the downtown area can range from $1,400 to $2,000 per month, while a two-bedroom apartment can range from $1,800 to $3,000 per month.

📍 Oak Bay

Oak Bay is an affluent area located just outside of downtown Victoria. Rental prices in this area tend to be higher, with a one-bedroom apartment ranging from $1,600 to $2,500 per month and a two-bedroom apartment ranging from $2,200 to $3,500 per month.

📍 Saanich

Saanich is a large municipality located just north of Victoria. Rental prices in this area tend to be more affordable, with a one-bedroom apartment ranging from $1,100 to $1,700 per month and a two-bedroom apartment ranging from $1,500 to $2,500 per month.

📍 Langford

Langford is a growing community located west of Victoria. Rental prices in this area tend to be more affordable than in downtown Victoria, with a one-bedroom apartment ranging from $1,000 to $1,500 per month and a two-bedroom apartment ranging from $1,300 to $2,000 per month.

📍 Esquimalt

Esquimalt is a township located west of downtown Victoria. Rental prices in this area tend to be more affordable than in Oak Bay, with a one-bedroom apartment ranging from $1,200 to $1,800 per month and a two-bedroom apartment ranging from $1,500 to $2,500 per month.

📍 View Royal

View Royal is a small municipality located just west of Esquimalt. Rental prices in this area tend to be similar to those in Esquimalt, with a one-bedroom apartment ranging from $1,200 to $1,800 per month and a two-bedroom apartment ranging from $1,500 to $2,500 per month.

📍 Colwood

Colwood is a city located west of Langford. Rental prices in this area tend to be more affordable than in downtown Victoria, with a one-bedroom apartment ranging from $1,100 to $1,600 per month and a two-bedroom apartment ranging from $1,500 to $2,200 per month.

It's important to remember that these are just average rental prices, and actual prices can vary depending on the specific location, amenities, and other factors. Additionally, it's important to budget for other expenses, such as utilities, internet, and parking. When searching for rental properties in Victoria, it's a good idea to research and compare prices and amenities before deciding. You can also consider working with a rental agency or using online resources like what we shared in this article to find available properties.

Looking for a rental property in Victoria, BC but don't have the time or energy to view properties in person? We're here to help. Our team of experienced scouts is located in every area of the city and ready to view and vet rental properties on your behalf!

Why waste time and energy trying to coordinate viewings and navigate the rental market when you can let us do the legwork for you? Whether you're a student, young professional, or a family, we'll help you find the perfect place to call home.

Don't let distance or time constraints hold you back from finding your dream rental property in Victoria.

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