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September Rental Statistics

As we transition into fall, the Victoria rental market is showing the usual signs of a seasonal slowdown. Prices are holding relatively steady across most areas, with some softening in larger units and houses. Studios and one-bedroom units remain in demand, particularly in core neighbourhoods, while suburban markets have started to level off after a busy summer.

Below is a breakdown of average rental rates for September 2025 by area and unit type.

📊 Average Monthly Rental Rates — September 2025

📝 Market Highlights

• Victoria saw minor softening in larger units, with 2- and 3-bedroom rentals dipping slightly compared to August. Studios and one-bedrooms remain in high demand, holding steady month over month.
• Saanich experienced a notable bump in one-bedroom prices, climbing back above the $2,100 mark. Studios also remained stable heading into fall.
• In Esquimalt/Vic West, studios stayed near the $1,800 range, and 2-bedroom units rose slightly compared to August.
• Langford/Colwood/View Royal remained steady across all unit types, reflecting a balanced suburban market with consistent demand.
• Sooke and Duncan continue to offer more affordable options, with Duncan’s one-bedrooms averaging $1,547.50 — the lowest in the region.

📌 Key Takeaways

• Seasonal trends are starting to emerge, with prices holding steady across most areas and unit types.
• Larger units and houses are softening slightly, likely reflecting reduced fall demand after peak summer activity.
• Core areas remain strong, particularly for smaller units, which continue to see steady interest and limited supply.

As we move deeper into the fall and winter months, we typically see slower activity and longer listing times — making this a good time for renters to find value in certain segments, particularly in suburban markets and larger homes.