Victoria average monthly rent for two-bedroom third-highest in country

Victoria average monthly rent for two-bedroom third-highest in country

Victoria has the third-highest rent prices for a two-bedroom unit in the country, according to the March 2022 Rent Report.

The rent report analyses rent prices listed on

A two-bedroom rental unit costs an average of $2,667 in March, which is up just over five per cent from February.

A one-bedroom unit comes in at ninth-highest at an average price of $1,661, up just under eight per cent from February and three per cent since March 2021.

B.C. now has the highest rental prices, reaching an average of $2,200 in the province, while the national average is $1,818.

Graphic courtesy

For two-bedroom units, Vancouver comes in first highest with an average cost of $3,050, and Toronto comes in second with an average price of $2,778.

Rentals listed on the website have experienced an average increase in prices for six straight months, according to

“On an annual basis, tenants are looking at rent that is over $100 more on average in March, compared to a year earlier, when the rental market was close to its lowest point during the pandemic,” said Ben Myers, president of Bullpen Research & Consulting in a news release. “However, the pace of growth has cooled, with relatively flat rents over the last four months. Higher interest rates and a cooling ownership housing market could push more demand into the rental market this spring.”

Laura BroughamLaura Brougham

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