Average rent in Terrace, BC
The average 2-bedroom rent in Terrace is $1,205 a month (CMHC Rental Market Survey, October 2025).
What all renters pay (CMHC)
| Unit size | Average monthly rent |
|---|---|
| 2-bedroom | $1,205 |
| 3-bedroom+ | $1,619 |
| All units | $1,274 |
How Terrace compares
A 2-bedroom here averages $1,205, 41% lower than the British Columbia average of $2,053, and 36% lower than Nanaimo (676 km away) at $1,895.
| Unit size | Terrace | British Columbia | Nanaimo |
|---|---|---|---|
| 2-bedroom | $1,205 | $2,053 | $1,895 |
| 3-bedroom+ | $1,619 | $2,415 | $2,057 |
CMHC doesn't publish a reliable studio, 1-bedroom figure for Terrace, so those sizes are left out rather than estimated.
Source: CMHC Rental Market Survey, Oct 2025: average rent by bedroom and survey zone (purpose-built, all tenants). These are averages for purpose-built rental apartments and include long-time tenants, so new leases are usually higher.
What people here told us
Community stats appear here once at least 5 people have checked their rent in Terrace, so no one can be identified.