Top 5 Cheapest Places to live in Vancouver with the Best Quality of Life - 2024

• Average cost of rent for 1-bedroom apartment: $2,000
• Average cost of buying a property: $1,029,200 

The City of Langley, east of downtown Vancouver, offers a diverse housing options such as single-family homes, apartments, and condominiums. As of November 2023, the average cost of buying a property is $1,029,200, with an average cost of rent for a 1-bed apartment for $2,000.

Renowned for its family-friendly atmosphere, Langley features parks, trails, community centers, and valued public schools like Alice Brown Elementary School and Langley Senior Secondary. Trinity Western University, Canada’s largest privately funded public university, also adds a higher education dimension to the city.

Realtor (Nov 2023) & Zumper (Nov 2023)

• Average cost of rent for 1-bedroom apartment: $2,075
• Average cost of buying a property: $1,029,200

Surrey, in the southeast of Greater Vancouver, is the region’s largest city by land area and the second most populous, with 568,322 residents. It offers more affordable housing options than Vancouver, despite both areas having high living costs, making it an attractive choice for a cost-effective lifestyle.

Diverse housing options, including condominiums, apartments, and single-family houses, define Surrey. As of November 2023, the average cost of buying a property is $1,029,200, and a 1-bed apartment rent is $2,075.

Surrey elevates residents’ quality of life with access to around 20 parks, trails, and outdoor spaces. This, paired with its strategic proximity to Vancouver, makes it a good choice for Vancouver city workers. 

Realtor (Nov 2023) & Zumper (Nov 2023)

• Average cost of rent for 1-bedroom apartment: $2,300
• Average cost of buying a property: $1,203,300

New Westminster, a vibrant cultural hub in Metro Vancouver, has a rich history and diverse offerings, from food and shopping to arts and live entertainment. Conveniently located along the Lower Fraser River, New Westminster is easily accessible by car or transit from Downtown Vancouver, YVR International Airport, BC Ferry Terminals, and the US border.

With a thriving arts community and an international food scene, there’s always something to explore. Locals enjoy going to River Market, Queensborough Landing Outlet Mall, Rick Bronson’s House of Comedy and Industry Arcade. Families can enjoy numerous green spaces such as Tipperary Park, Westminster Pier Park, Quayside Park, and Albert Crescent Park.

For those considering settling in this neighborhood, as of November 2023, the average cost of buying a property is $1,203,300, with a 1-bed apartment rent is $2,300.

Realtor (Nov 2023) & Zumper (Nov 2023)

• Average cost of rent for 1-bedroom apartment: $2,400
• Average home price: $1,203,300

Coquitlam, located east of Vancouver in the Greater Vancouver area, offers a well-balanced mix of urban and suburban environments. With over 80 parks and a 134-km trail system, Coquitlam is ideal for those who love the outdoors, offering opportunities for hiking, biking, and enjoying wildlife and nature. Attractions such as Como Lake Park and Coquitlam Crunch Trail contribute to its overall appeal.

Its diverse population and housing options, mainly condominiums and apartments, with a mix of single-family homes, contribute to its appeal, with an average rent of $2,400 for a 1-bed apartment and an average cost of buying a property is $1,203,300 as of November 2023.

Realtor (Nov 2023) & Zumper (Nov 2023)

• Average cost of rent for 1-bedroom apartment: $2,400
• Average cost of buying a property: $1,203,300

Port Moody offers diverse recreational activities for all seasons, from hiking and biking trails to picnics in Rocky Point Park and kayaking on Burrard Inlet. Throughout the year, locals can enjoy free concerts, food festivals, and seasonal celebrations like the Fingerling Festival in May and the Golden Spike Days Festival in July. 

With over 35% of its land dedicated to green space, locals can run, walk, cycle, or wheel along multi-use paths, and families can enjoy playgrounds and splash parks. The city offers 56 kilometers of trails and paths, including those in Bert Flinn Park and the Alfred Howe Greenway, perfect for hiking enthusiasts.

For those considering settling in this neighborhood where art is integrated into the environment, with installations found in parks, pathways, and urban spaces, as of November 2023, the average cost of buying a property in Port Moody is $1,203,300, with a 1-bedroom apartment renting for $2,400.

Port Moody (Apr 2024), Realtor (Nov 2023) & Zumper (Nov 2023)