Here's how much it costs to rent a one-bedroom apartment in Metro Vancouver this December

Vancouver is now the most expensive city in the country to rent in.

Metro Vancouverites looking for a less expensive place to live may finally have some options this month, although they won't exactly be cheap.

"Depending on the outcome of the upcoming [Dec. 7] announcement [about interest rates] from the Bank of Canada, this could be the start of a return to normalcy for the region’s rent prices," note the report's authors. Folks looking to reside in the City of Vancouver will face the most expensive prices in the country, with prices climbing to an average of $2,612 from $2,594 for monthly rent last month.

Surrey's average rental prices for newly available units also fell this month, dropping 7.21 per cent to $1,698. It is the cheapest city to rent in this month. In Vancouver, for example, the price of an unfurnished, one-bedroom unit is $2,612, while a furnished one jumps up to $2,970. Prices for furnished units in the city have only increased by a modest 0.27 per cent, however.

Vancouver rent by neighbourhood in November This December, Vancouverites face the highest rent in Canada -- and they don't have any low-cost neighbourhoods to choose from, either.

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