Average rent in Terrace for a 2-bedroom (2026)
Across all renters, including long-time tenants, the average is $1,205 (CMHC, October 2025).
| Benchmark | 2-bedroom |
|---|---|
| All renters (CMHC, Oct 2025) | $1,205 |
At $1,205, a 2-bedroom in Terrace is 41% below the British Columbia average ($2,053), and 36% below Nanaimo, 676 km away ($1,895).
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 for a 2-bedroom in Terrace, so no one can be identified.
Check your Terrace 2-bedroom rent in 10 seconds →Common questions
What is the average 2-bedroom rent in Terrace?
The average 2-bedroom rent across all renters in Terrace is $1,205 a month (CMHC Rental Market Survey, October 2025). It includes long-time tenants, so it runs below what new renters are asked.
How do I know if I'm overpaying for a 2-bedroom in Terrace?
If you moved in 2024 or later, compare with the asking rent; if earlier, compare with the CMHC average. Our free check does this for you in about 10 seconds and shows how you compare with others who checked.
Other sizes in Terrace
Nearby cities
- Prince Rupert · $1,154
- Prince George · $1,422
- Quesnel · $1,226
- Williams Lake · $1,455
- Fort St. John · $1,196
- Dawson Creek · $1,202