Avg. 1BR Rent
$2,000/mo
Avg. 2BR Rent
$2,750/mo
Source: Zumper, liv.rent · Updated April 2026
Steveston is Richmond's most distinctive neighbourhood, a historic fishing village at the city's southwestern tip where the Fraser River meets the Strait of Georgia. The area retains its maritime character with a working harbour, the Gulf of Georgia Cannery National Historic Site, and a waterfront boardwalk lined with seafood restaurants and independent shops. Steveston's unique charm makes it one of the most desirable residential areas in Richmond, commanding premium rents from tenants who value its village atmosphere and waterfront lifestyle. For landlords, the neighbourhood offers a stable, affluent tenant base and strong long-term appreciation potential driven by its irreplaceable character and limited new supply.
Local Landmarks & Transit
Steveston's historic waterfront is the neighbourhood's centrepiece, featuring the Fisherman's Wharf, where visitors can buy fresh-off-the-boat seafood. The Gulf of Georgia Cannery National Historic Site tells the story of the West Coast fishing industry. Garry Point Park offers waterfront trails, kite-flying, and views of the Gulf Islands. Steveston Village along Moncton Street is lined with independent shops, cafes, and restaurants. The Steveston Farmers and Artisans Market operates seasonally. Transit access includes bus routes to Richmond-Brighouse Canada Line station, though the neighbourhood is primarily car-oriented.
Building Types & Housing Stock
Steveston's housing stock is a mix of single-family homes (many with secondary suites), townhome complexes, and some low-rise condominiums. The area has seen significant townhome development in recent years, with new projects offering modern waterfront or near-waterfront living. Heritage homes near the village core add character. High-rise development is limited by the area's village character designation, which preserves Steveston's low-rise skyline. This supply constraint supports property values and rents.
Typical Tenant Profile
Steveston tenants tend to be established families, professionals, and retirees who value the neighbourhood's village atmosphere, waterfront access, and sense of community. Many are higher-income renters who could afford to live elsewhere but choose Steveston for its lifestyle. Families with children are drawn by the area's schools and safe, walkable streets. Some tenants are professionals working at YVR Airport or in Richmond who prefer Steveston's character over the city centre's urban density.
Market Insight
Steveston one-bedroom rents average approximately $2,000/month, reflecting the neighbourhood's premium positioning within Richmond. The area's limited new supply and irreplaceable village character provide a strong floor under rents. Steveston properties tend to hold value well during market downturns, as the tenant base is less price-sensitive than in more urban areas. Landlords benefit from low turnover and tenants who maintain properties well.
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Get Your Free AssessmentFrequently Asked Questions
What is the average rent in Steveston, Richmond?
As of April 2026, the average rent for a one-bedroom in Steveston is approximately $2,000/month, while two-bedroom units average around $2,750/month. Steveston commands a premium within Richmond due to its unique village character.
What makes Steveston attractive to renters?
Steveston offers a unique combination of historic fishing village character, waterfront access, independent shops and restaurants, and a strong sense of community. It's one of the few neighbourhoods in Metro Vancouver with genuine small-town charm.
Is Steveston transit-connected?
Steveston is primarily car-oriented, with bus service to Richmond-Brighouse Canada Line station. Most tenants commute by car. The neighbourhood's walkability within the village core is excellent, but connections to the broader transit network require a bus transfer.
What types of rentals are available in Steveston?
Steveston offers secondary suites in single-family homes, townhomes (many newer waterfront developments), and some low-rise condos. The area's village character designation limits high-rise development, preserving its low-rise skyline.
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