9 Cheap Apartments for rent in Vancouver, WA

Last updated January 16 at 2:29pm UTC
7112 Ohio Drive
Vancouver Heights
Vancouver, WA
Updated January 12 at 12:01pm UTC
1 Bedroom
$995
2008 Markle Ave
Hough
Vancouver, WA
Updated January 6 at 12:00pm UTC
2 Bedrooms
$950
802 NW 133rd St #B
Vancouver
Vancouver, WA
Updated January 11 at 11:54am UTC
2 Bedrooms
$995
6305 Kansas Street
Northcrest
Vancouver, WA
Updated January 11 at 11:42am UTC
2 Bedrooms
$950
1701 E Reserve Street
Central Park
Vancouver, WA
Updated January 11 at 11:43am UTC
1 Bedroom
$900
3005 St Johns Blvd
Rose Village
Vancouver, WA
Updated January 11 at 12:09pm UTC
2 Bedrooms
$900
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January 2018 Vancouver Rent Report

Welcome to the January 2018 Vancouver Rent Report. Vancouver rents remained steady over the past month. In this report, we'll evaluate trends in the Vancouver rental market, including comparisons to cities throughout the state and nation.

View full Vancouver Rent Report
Rent Report
Vancouver

January 2018 Vancouver Rent Report

Welcome to the January 2018 Vancouver Rent Report. Vancouver rents remained steady over the past month. In this report, we'll evaluate trends in the Vancouver rental market, including comparisons to cities throughout the state and nation.

Vancouver rent trends were flat over the past month

Vancouver rents have remained flat over the past month, however, they have increased sharply by 7.3% year-over-year. Currently, median rents in Vancouver stand at $1,380 for a one-bedroom apartment and $1,620 for a two-bedroom. Vancouver's year-over-year rent growth leads the state average of 3.7%, as well as the national average of 2.8%.

Rents rising across cities in Washington

Throughout the past year, rent increases have been occurring not just in the city of Vancouver, but across the entire state. Of the largest 10 cities that we have data for in Washington, 9 of them have seen prices rise. The state as a whole logged rent growth of 3.7% over the past year. Here's a look at how rents compare across some of the largest cities in the state.

  • Looking throughout the state, Bellevue is the most expensive of all Washington's major cities, with a median two-bedroom rent of $2,260; of the 10 largest cities in the state that we have data for, Portland, where a two-bedroom goes for $1,320, is the only major city to see rents fall year-over-year (-1.6%).
  • Vancouver, Gresham, and Kent have all experienced year-over-year growth above the state average (7.3%, 6.9%, and 6.4%, respectively).

Many large cities nationwide show more affordable rents compared to Vancouver

As rents have increased sharply in Vancouver, a few large cities nationwide have seen rents grow more modestly. Compared to most large cities across the country, Vancouver is less affordable for renters.

  • Vancouver's median two-bedroom rent of $1,620 is above the national average of $1,160. Nationwide, rents have grown by 2.8% over the past year compared to the 7.3% increase in Vancouver.
  • While Vancouver's rents rose sharply over the past year, many cities nationwide also saw increases, including Los Angeles (+5.4%), Las Vegas (+4.4%), and Phoenix (+3.8%).
  • Renters will generally find more expensive prices in Vancouver than most large cities. For example, Phoenix has a median 2BR rent of $1,020, where Vancouver is more than one-and-a-half times that price.

For more information check out our national report. You can also access our full data for cities and counties across the U.S. at this link.
City Median 1BR price Median 2BR price M/M price change Y/Y price change
Portland $1,120 $1,320 -0.9% -1.6%
Vancouver $1,380 $1,620 0.0% 7.3%
Gresham $1,370 $1,620 0.5% 6.9%
Hillsboro $1,680 $1,980 -0.9% 1.3%
Beaverton $1,470 $1,730 -0.8% 4.2%
Lake Oswego $1,660 $1,960 -0.1% 2.9%
Tualatin $1,500 $1,770 -0.6% -0.5%
Wilsonville $1,420 $1,670 -1.2% 1.0%

Methodology - Recent Updates:

Data from private listing sites, including our own, tends to skew toward luxury apartments, which introduces sample bias when estimates are calculated directly from these listings. To address these limitations, we’ve recently made major updates to our methodology, which we believe have greatly improved the accuracy and reliability of our estimates.

Read more about our new methodology below, or see a more detailed post here.

Methodology:

Apartment List is committed to making our rent estimates the best and most accurate available. To do this, we start with reliable median rent statistics from the Census Bureau, then extrapolate them forward to the current month using a growth rate calculated from our listing data. In doing so, we use a same-unit analysis similar to Case-Shiller’s approach, comparing only units that are available across both time periods to provide an accurate picture of rent growth in cities across the country.

Our approach corrects for the sample bias inherent in other private sources, producing results that are much closer to statistics published by the Census Bureau and HUD. Our methodology also allows us to construct a picture of rent growth over an extended period of time, with estimates that are updated each month.

Read more about our methodology here.

About Rent Reports:

Apartment List publishes monthly reports on rental trends for hundreds of cities across the U.S. We intend these reports to be a source of reliable information that help renters and policymakers make sound decisions, and we invest significant time and effort in gathering and analyzing rent data. Our work is covered regularly by journalists across the country.

We are continuously working to improve our methodology and data, with the goal of providing renters with the information that they need to make the best decisions.