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Market Overview
The rental market for properties for rent in Burnaby offers a clear snapshot of current demand, availability, and pricing. Right now, there are 80 active listings, giving prospective renters a meaningful selection to compare by location, layout, and building style. The average listing price sits at $2,875, while the average time on market is 31 days, a helpful indicator of how quickly well-positioned rentals are being secured. Market momentum is also reflected in -9.7%, which can signal whether pricing has been trending upward or easing compared to the prior period. Together, these metrics help set expectations for budget planning, negotiation leverage, and timing. Whether the goal is to find a practical home base close to everyday conveniences or a more spacious option with room to work from home, understanding these headline numbers makes it easier to narrow the search and act with confidence when the right property appears.
Browse Listings
With 80 options currently available, browsing properties for rent in Burnaby is a practical way to discover what fits both lifestyle and budget. Inventory often includes a mix of layouts, finishes, and property settings—from more compact, efficient spaces to larger homes suited for those seeking extra bedrooms or flexibility. Many renters are drawn to the area for its overall livability, the balance between day-to-day convenience and a comfortable residential feel, and the ability to compare multiple property types without leaving the neighbourhood context they prefer. Visitors can explore listings for rent and refine by key criteria such as size, bedroom count, and price point to focus on the most relevant matches.
Pricing Insights
Pricing for properties for rent in Burnaby is best understood through a combination of overall averages, range, and value-per-space. The current average listing price is $2,875, which serves as a helpful benchmark for typical monthly rental costs across the area. For a more apples-to-apples comparison between properties of different sizes, the average price per square foot is $4, providing insight into how location, condition, and features influence value. Because availability can shift quickly, comparing several listings at once—and watching how pricing aligns with size and overall presentation—can help renters identify strong value and make decisions with fewer surprises.
Average Prices by Bedroom
Bedrooms Avg. Price Listings Studio $1,870 5 1 Bed $2,203 23 2 Beds $2,926 42 3+ Beds $4,705 10 Living in the Area
Life in Burnaby tends to appeal to renters looking for a neighbourhood that supports everyday routines while still feeling like a community. The overall character is often shaped by a blend of residential streets and pockets of local activity, making it possible to find a setting that matches different priorities—whether that’s a quieter home environment or being closer to shops and services. Walkability can vary by micro-location, but many residents value the ability to reach common essentials without lengthy travel, especially when paired with convenient driving routes or nearby transit options.
The community feel is typically defined by a mix of long-term locals and newer residents, which can create a welcoming, lived-in atmosphere. For renters comparing properties, the area can offer a range of experiences, from more private living arrangements to options that prioritize convenience and lower maintenance. Day-to-day living often benefits from proximity to practical amenities and green space, supporting both active routines and relaxed weekends without needing to plan far in advance.
For those relocating, Burnaby can also be a comfortable place to get oriented—close enough to broader city connections while still offering a distinct neighbourhood identity. Renters focused on stability may watch how quickly rentals move, while those with flexible timing can use the current inventory to compare features and value. Either way, the area’s general balance of comfort, convenience, and choice helps explain why many people begin their rental search here.
Market Trends
To understand how the market is shifting over time, the table below summarizes key performance indicators and changes across recent periods for properties for rent in Burnaby.
Market Trends
Period Avg. Price Listings Avg. DOM Current $2,875 80 31 days Last 12 Months $21,165 312 34 days Last 90 Days $2,809 215 141 days Top Areas
Exploring sub-areas within Burnaby can help renters match their preferred pace of life, commute patterns, and housing style to the right pocket of the community.
Top Areas
Area Avg. Price Listings Avg. DOM Metrotown $2,909 27 29 days Brentwood $3,206 24 29 days Edmonds $2,649 9 26 days Lougheed $2,559 8 52 days UniverCity $2,417 6 33 days Highgate $2,705 4 19 days Montecito $2,850 1 9 days Capitol Hill $2,000 1 28 days Frequently Asked Questions
What is the average price of properties for rent in Burnaby?
The average listing price for properties for rent in Burnaby is currently $2,875. This figure is a useful starting point for budgeting, but actual monthly rent can vary based on factors such as property type, size, condition, and where the home sits within the area.
How many properties for rent are available in Burnaby right now?
There are 80 active listings at the moment. Availability can change quickly as new rentals are listed and others are leased, so checking frequently and saving preferred searches can be helpful when inventory is moving.
How long do rentals typically stay on the market in Burnaby?
The average days on market for current listings is 31 days. A shorter average can suggest faster-moving demand, while a longer average may indicate more time to compare options and negotiate terms. Individual listings can still move faster or slower depending on price, presentation, and overall fit for renters.
What should renters consider when comparing value between listings?
In addition to the headline monthly rent (with an average of $2,875), comparing $4 and the typical size around 814 sqft can clarify how much space a renter is getting for the price. It’s also wise to weigh practical factors like layout efficiency, included features, and the surrounding setting, since two homes at similar prices can deliver very different day-to-day experiences.
You are only a 4 minute walk from Tim Hortons for that morning caffeine fixand if you're not in the mood to cook, Deer Lake Wonton House, Viva Sue Pizza and Subway are near this property. Groceries can be found at Wild West Coast Seafoods which is a 6-minute walk and you'll find Champlain Chiropractic Health a 6-minute walk as well. For those days you just want to be indoors, look no further than Burnaby Village Museum and Burnaby Art Gallery to keep you occupied for hours. If you're an outdoor lover, you are only steps away from Wilton Avenue Park Site and Lubbock's Wood Park.
Without a car, you can get around rather easily. It also has route New West Station/brentwood Station, route Holdom Station/edmonds Station, and more nearby.
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