Vancouver, WA Rental Market
Vancouver, Washington is the Portland metro's Washington-side counterpart, offering a compelling combination — access to Portland's employment market and cultural amenities without Oregon's state income tax or rent control ordinances. This tax arbitrage, combined with lower home prices than Portland proper, has driven significant in-migration from Oregon residents who cross the Columbia River for work while living on the Washington side. The city's fastest-growing market status in the metro reflects the continued strength of this dynamic.
Get a rent estimate for an address in VancouverAverage Rent in Vancouver, WA
$1,700
per month · 2026-06
Market Score
Key Facts — Vancouver, WA Rental Market
- Average rent in Vancouver, WA:$1,700/mo
- Median rent:$1,564/mo
- Rent range:$850 – $3,750/mo
- Most common rental (2 bedrooms):$1,500/mo
- Active listings:1,100
- Avg days to lease:27 days
- Year-over-year change:+4.0%
- Median home value:$400,000
- Est. gross annual yield:5.1%
- Data as of:2026-06
Rent by Bedroom in Vancouver, WA
Average monthly rent for each bedroom type based on current active listings in Vancouver.
| Bedroom Type | Avg Rent/mo |
|---|---|
1 Bedroom | $1,225/mo |
2 Bedrooms | $1,500/mo |
3 Bedrooms | $1,900/mo |
4 Bedrooms | $2,350/mo |
5 Bedrooms | $2,675/mo |
Vancouver Rental Market Statistics
Key indicators from the current Vancouver, WA rental market.
1,100
Available now in Vancouver
27
From list to lease
$1.26
Average across listings
1,350 sq ft
Typical rental size
$850 – $3,750
Min to max active listings
+4.0%
Avg rent vs. prior year
Investing in Vancouver, WA Rental Properties
Estimated returns based on current market rents and median home values. Perform full due diligence before investing.
Median Home Value
$400,000
Typical purchase price in Vancouver
Est. Gross Annual Yield
5.1%
Before expenses & vacancy
Avg Monthly Income
$1,700
At average market rent
Gross yield = (avg rent × 12) ÷ median home value. Does not include expenses, financing, vacancies, or management fees. Analyze a specific property in Vancouver for a full cash-flow breakdown including all costs.
Vancouver, WA Rental Market FAQ
Common questions about renting and investing in Vancouver, WA.
What is the average rent in Vancouver, WA?
The average rent in Vancouver, WA is $1,700 per month as of 2026. One-bedroom apartments average $1,225/mo, two-bedrooms average $1,500/mo, and three-bedroom homes average $1,900/mo. Fisher's Landing, Salmon Creek, and Felida in North Vancouver command the highest rents, while the historic downtown and central neighborhoods offer more affordable mid-market options.
Is Vancouver, WA a good place to invest in rental property?
Vancouver, WA offers a 5.1% estimated gross yield with the second-highest year-over-year rent growth in our Washington coverage at 4.0%. Washington's absence of a state income tax — versus Oregon's top 9.9% rate — creates a strong and durable incentive for Portland commuters to live in Vancouver. No rent control (unlike Portland) and a landlord-friendly regulatory environment make it particularly attractive for investors.
How competitive is the Vancouver, WA rental market?
Vancouver, WA averages 27 days on market across approximately 1,100 active listings — a competitive pace driven by ongoing demand from Portland-area workers. North Vancouver submarkets near SR-500 and I-205 commuter corridors consistently see multiple applications on well-priced listings. The lack of Oregon income tax saves Vancouver residents roughly $4,000–$8,000 per year compared to living in Portland, keeping migration demand robust.
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