GITNUX MARKETDATA REPORT 2024

Statistics About The Average Rent In Vancouver Wa

The average rent in Vancouver, WA is $1,235 per month.

With sources from: bestplaces.net, huduser.gov, rentometer.com, zumper.com and many more

Statistic 1

One-bedroom apartments in Vancouver rent for $1377 a month on average.

Statistic 2

Two-bedroom apartments in Vancouver rent for $1658 a month on average.

Statistic 3

50% of the households in Vancouver, WA are renter-occupied while 50% are owner-occupied.

Statistic 4

In 2021, the median asking rent for unfurnished apartments in Vancouver was $1,675.

Statistic 5

The cost of living in Vancouver, WA is 17% higher than the national average, with housing being a main contributor because of higher rent costs.

Statistic 6

The median gross rent in Vancouver, WA from 2015-2019 was $1,125.

Statistic 7

35% of renters in Vancouver, WA overpay as they spend over 30% of their income on rent.

Statistic 8

The average rental rate for a single-family home in Vancouver is $1,890.

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In this post, we will explore the average rent prices in Vancouver, WA, shedding light on the costs associated with housing in the area. With statistics ranging from the average rent for one-bedroom and two-bedroom apartments to the percentage of households that are renter-occupied, we will provide a comprehensive overview of the rental landscape in Vancouver. Additionally, we will discuss the median asking rent, cost of living comparisons, and rental trends in the region, offering valuable insights for both residents and prospective renters.

Statistic 1

"One-bedroom apartments in Vancouver rent for $1377 a month on average."

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Statistic 2

"Two-bedroom apartments in Vancouver rent for $1658 a month on average."

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Statistic 3

"50% of the households in Vancouver, WA are renter-occupied while 50% are owner-occupied."

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Statistic 4

"In 2021, the median asking rent for unfurnished apartments in Vancouver was $1,675."

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Statistic 5

"The cost of living in Vancouver, WA is 17% higher than the national average, with housing being a main contributor because of higher rent costs."

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Statistic 6

"The median gross rent in Vancouver, WA from 2015-2019 was $1,125."

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Statistic 7

"35% of renters in Vancouver, WA overpay as they spend over 30% of their income on rent."

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Statistic 8

"The average rental rate for a single-family home in Vancouver is $1,890."

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Interpretation

In conclusion, the statistics paint a clear picture of the rental landscape in Vancouver, WA. The average rent for one-bedroom and two-bedroom apartments is $1377 and $1658, respectively, indicating a significant expense for renters in the area. With half of the households being renter-occupied and the cost of living being 17% higher than the national average, it is evident that housing costs, particularly rent prices, play a substantial role in the higher cost of living. Additionally, the data shows that a considerable number of renters in Vancouver are struggling financially, with 35% overpaying for rent by spending more than 30% of their income on housing. This highlights the challenges faced by many residents in balancing housing costs with their income levels.

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