Average rent in Terrace
A 2 bedrooms unit in Terrace rented for $1,205 a month on average in October 2025 (▲ 12.0% in a year), rank 110 of 189 centres for two-bedroom rent (1 = highest). Check that a listing is fair before you sign.
Average monthly rent, October 2025
2 bedrooms
Oct 2024: $1,076 · ▲ 12.0%
$1,2053+ bedrooms
Oct 2024: – · –
$1,619Other centres in British Columbia (2 bedrooms)
Vancouver$2,364Squamish$2,179Victoria$2,121Kelowna$2,098Nanaimo$1,895Courtenay$1,691Kamloops$1,673Summerland$1,671Campbell River$1,656Duncan$1,624Abbotsford-Mission$1,623Vernon$1,607Parksville$1,563Chilliwack$1,523Penticton$1,511
Affordability calculator →Questions and answers
What is the average rent in Terrace?
2 bedrooms: $1,205, 3+ bedrooms: $1,619 a month (CMHC, October 2025).
Is rent going up in Terrace?
The average 2 bedrooms rent changed 12.0% between October 2024 and October 2025.
What rents are included?
Average rents in purpose-built row and apartment structures of three or more units, from CMHC's Rental Market Survey.
Source: Statistics Canada, Table 34-10-0133-01, CMHC average rents for areas with a population of 10,000 and over (Statistics Canada Open Licence).