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New Westminster rents just keep on climbing

Is there anything affordable left in New West? Depends on your definition of affordable.
A one-bedroom apartment in this Agnes Street building is among the more affordable rentals in New Westminster right now, at $1,965.

Five months after New Westminster cracked the list of the 10 priciest places in Canada to rent an apartment, rents are still climbing.

In September 2022, a national rental report by ranked New West as one of the 10 most expensive places to rent in Canada, with an average rent of $1,953 for a one-bedroom and $2,212 for a two-bedroom.

Though New Westminster isn’t officially ranked in this month’s rent report, an examination of the current listings in the city shows rents in New West haven’t gone down since — in fact, quite the opposite.

A survey of 14 available one-bedroom rentals shows prices ranging from $1,945 per month to $2,433 per month, for an average of $2,070.50 per month.

For two-bedrooms, six available units range from $2,600 to $3,295 in price, for an average of $2,781.50.

Three studio apartments, meanwhile, average out to $1,851 per month.

Rents in New Westminster still compare favourably to our neighbours across 10th Avenue, however. According to, Burnaby once again held the third-highest rental averages nationally in February, with a one-bedroom unit sitting at $2,403 per month and a two-bedroom at just under $3,100. 

The cheapest rent in New Westminster right now, as per the listings? $600 per month for a room in an eight-bedroom, three-bathroom home on Hamilton Street.

The most expensive? $6,000 per month for a three-bedroom home on Salter Street in Queensborough.

📢 SOUND OFF: Have high rental prices affected you? What would you like to see done to help make life more affordable for tenants? Send us a letter.

Follow Julie MacLellan on Twitter @juliemaclellan.
Email Julie, [email protected]