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Richmond rental rates among top three in Canada last month

Richmond became the third most expensive Canadian city to rent in June.
condos-richmond
The average monthly rent in Richmond has risen once again .File Photo

It might not come as a surprise to that many locals, but the average monthly rent in Richmond has risen once again.  

According to Rentals.ca - a national apartment rental website that serves up to 100 cities across Canada - the average monthly rent for a one-bedroom home in Richmond went up to $2,144 in June, a staggering 21.89 per cent increase from last year. 

Meanwhile, two-bedroom apartments in Richmond settled at $2,703.  

This makes the City of Richmond the third most expensive Canadian city to rent in last month.  

However, Vancouver still took the top spot for being the most expensive city to rent in that month, with the average monthly rent of a one-bedroom home inching higher towards $2,412 and a two-bedroom at $3,597.  

Across all Canadian properties, the average rent in June was $1,855 per month, a decrease of 0.2 per cent from May. 

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