The average rent for a 1-bedroom in Victoria is approximately $2,100/month in 2026. BC’s capital city is the third most expensive rental market in Canada, behind Vancouver and Toronto.
Average Rent by Unit Type
| Unit Type | Average Rent | vs. National Average |
|---|---|---|
| Studio | $1,600 | +14% |
| 1-Bedroom | $2,100 | +17% |
| 2-Bedroom | $2,700 | +23% |
| 3-Bedroom | $3,300 | +27% |
Rent by Neighbourhood
| Neighbourhood | 1-BR Avg | 2-BR Avg | Notes |
|---|---|---|---|
| Downtown/Old Town | $2,200 | $2,900 | Central, walkable |
| James Bay | $2,000 | $2,600 | Near ocean, parliament |
| Fairfield | $2,100 | $2,700 | Residential, beautiful |
| Fernwood | $1,900 | $2,500 | Artsy, affordable |
| Hillside-Quadra | $1,900 | $2,400 | Central, transit |
| Esquimalt | $1,800 | $2,300 | Military base area |
| Langford | $1,800 | $2,300 | Growing suburb |
| Colwood | $1,800 | $2,200 | Suburban, affordable |
| Sidney | $1,900 | $2,400 | Quaint, near ferry |
Income Needed
| Unit Type | Monthly Rent | Gross Income Needed |
|---|---|---|
| Studio | $1,600 | $64,000/year |
| 1-Bedroom | $2,100 | $84,000/year |
| 2-Bedroom | $2,700 | $108,000/year |
Bottom Line
Victoria at $2,100/month is expensive but offers exceptional quality of life — mild climate, walkability, and natural beauty. Budget-conscious renters should look at Langford, Colwood, or Esquimalt for savings of $200–$300/month while still accessing the city easily.
See our average rent in Canada or cost of living Victoria for the full picture.