Renting an Apartment Cost in Victoria (2026)
Quick Answer
Estimated rangeIn Victoria, BC, apartment rents are high by Canadian standards. A verified benchmark from the Canada Mortgage and Housing Corporation (CMHC) shows the average purpose-built rental apartment in the Victoria Census Metropolitan Area was about CAD 1,747 per month in October 2023, while bedroom-specific averages ranged from roughly CAD 1,421 for a bachelor to CAD 2,287 for a three-bedroom. For many renters, newer listings and condominium rentals can run above these averages, so current asking rents are often higher than the long-term stock average.
Overview
Renting an apartment in Victoria, Canada typically means paying well above the national average, with prices influenced by low vacancy, strong demand and limited supply close to the urban core. The most authoritative official benchmark is CMHC’s Rental Market Report, which tracks purpose-built rental apartments across the Victoria CMA. CMHC reported an average monthly rent of CAD 1,747 in October 2023 across surveyed purpose-built apartments, with a vacancy rate that remained tight enough to keep upward pressure on rents. Bedroom count matters significantly: bachelor and one-bedroom units are the most common entry point, while larger family-sized units are much less available and usually cost materially more. Renters should also budget for upfront and ongoing fees. In British Columbia, landlords can generally charge a security deposit of up to half a month’s rent, and if pets are allowed, an additional pet damage deposit of up to half a month’s rent may also be charged under provincial tenancy rules. Utilities, parking, storage, laundry and move-in fees for strata-managed buildings can add to the total monthly housing cost, though these extras vary by property. Because Victoria’s market changes quickly, CMHC’s figures are best used as an official baseline rather than a guarantee of what a newly advertised apartment will cost today.
What It Costs
| Item | Cost | Evidence |
|---|---|---|
| Average apartment rent (all bedroom types, purpose-built rental)(per month) Average monthly rent for purpose-built rental apartments in the Victoria CMA, October 2023. | ~C$1,747 | Estimated range |
| Bachelor apartment rent(per month) Average monthly rent for bachelor units in the Victoria CMA, October 2023. | ~C$1,421 | Estimated range |
| One-bedroom apartment rent(per month) Average monthly rent for one-bedroom units in the Victoria CMA, October 2023. | ~C$1,613 | Estimated range |
| Two-bedroom apartment rent(per month) Average monthly rent for two-bedroom units in the Victoria CMA, October 2023. | ~C$1,982 | Estimated range |
| Three-bedroom apartment rent(per month) Average monthly rent for three-bedroom units in the Victoria CMA, October 2023. | ~C$2,287 | Estimated range |
| Security deposit In BC, a landlord can require a security deposit of up to one-half of one month's rent; if pets are allowed, a pet damage deposit of up to an additional one-half month's rent may also be charged. | Not yet verified | Awaiting verified source |
How Fees Work
Most tenants pay monthly rent plus any separately charged utilities, parking or storage. In British Columbia, a security deposit can be up to 50% of one month's rent, and a pet damage deposit can also be up to 50% of one month's rent if pets are permitted.
Factors Affecting Price
- Neighbourhood, with downtown Victoria and areas close to the university, hospitals and waterfront generally costing more
- Bedroom count and unit size, especially the scarcity of larger family-sized rentals
- Type of rental, as newer buildings and condominium rentals often command higher asking rents than older purpose-built stock
- Included extras such as heat, hydro, parking, storage, laundry and whether the building allows pets
- Overall vacancy conditions, which are tight in Victoria and can push prices up quickly
Local Context
Victoria rentals are governed by British Columbia tenancy law rather than a city-specific rent code. Rent is normally quoted per month in CAD, and GST does not apply to standard long-term residential rent. The biggest regional variation is between the City of Victoria core and nearby municipalities in Greater Victoria, where distance from downtown, transit access and proximity to the University of Victoria can materially affect price.
These are data-informed estimate ranges, not confirmed prices.
Costs like this vary widely by job, location, timing and provider, so there is no single fixed price. The ranges here are based on typical market rates to give you a realistic ballpark. For an exact figure for your situation, get a quote or check the official source below.
All prices are in Canadian dollars (CAD) and usually quoted as monthly rent.
Sources & References
Every price on this page is traced to a documented source. Last checked 24 September 2026.
- Government of British Columbia - Deposits and fees · government
Maximum permitted security deposit and pet damage deposit rules for residential tenancies in British Columbia.
Frequently Asked Questions
What is the official source for apartment rent in Victoria?+
The main official benchmark is the Canada Mortgage and Housing Corporation (CMHC) Rental Market Report, which publishes average rents and vacancy rates for the Victoria Census Metropolitan Area.
How much is a one-bedroom apartment in Victoria?+
CMHC reported an average of CAD 1,613 per month for a purpose-built one-bedroom apartment in the Victoria CMA in October 2023.
Are advertised rents usually higher than the CMHC average?+
Often, yes. CMHC averages include existing purpose-built rental stock, including older and lower-rent units, whereas newly advertised apartments can be priced above the average, especially in newer buildings.
What upfront fees should I expect when renting in Victoria?+
Under BC rules, expect a security deposit of up to half a month's rent. If pets are accepted, a pet damage deposit of up to another half-month's rent may also apply.
Do utilities come with the rent in Victoria?+
It depends on the building and lease. Some rentals include heat or hot water, while hydro, internet, parking and storage are often charged separately.
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Canada Mortgage and Housing Corporation (CMHC)
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