Avg. 1BR Rent
$1,550/mo
Avg. 2BR Rent
$2,050/mo
Source: Zumper, liv.rent · Updated April 2026
Cloverdale is a unique neighbourhood within Surrey that retains a genuine small-town identity, centred around its historic downtown along 176th Street. Known for the Cloverdale Rodeo, the Surrey Museum, and its heritage buildings, the area offers a character that is rare in Metro Vancouver's increasingly urbanized landscape. For landlords, Cloverdale provides affordable entry points and a loyal tenant base that values the neighbourhood's community spirit. The area is experiencing gradual growth as families and young professionals discover its charm, and the planned SkyTrain extension to Langley will eventually improve its connectivity to the broader region.
Local Landmarks & Transit
Cloverdale's historic downtown along 176th Street features heritage storefronts, antique shops, and local restaurants that give the area its distinctive character. The Cloverdale Fairgrounds host the annual Cloverdale Rodeo and Country Fair, one of the largest rodeos in Canada. The Surrey Museum and Archives are located here, along with the MRC Sports Complex. Shannon Park and the Cloverdale Athletic Park provide recreational facilities. The neighbourhood is served by bus routes to Surrey Central and Langley, and is close to Highway 10 and the Trans-Canada Highway for car commuters.
Building Types & Housing Stock
Cloverdale's housing stock reflects its small-town heritage, with a mix of older single-family homes, newer townhome developments, and some low-rise apartments. The historic downtown area features character buildings, some converted to mixed-use with residential above commercial. Newer developments in the surrounding areas offer modern townhomes and some mid-rise buildings. Secondary suites in single-family homes are common. The neighbourhood's lower density compared to central Surrey means more spacious units and properties, which appeals to families and tenants seeking value.
Typical Tenant Profile
Cloverdale tenants are predominantly families and working professionals who value the neighbourhood's small-town atmosphere, affordability, and community events. Many have connections to the area's agricultural heritage or are drawn by the lower cost of living compared to more urban parts of Metro Vancouver. Young families seeking affordable three-bedroom units are a key demographic. The tenant base tends to be stable and community-oriented, with many renters participating in local events and organizations.
Market Insight
Cloverdale one-bedroom rents average approximately $1,550/month, among the most affordable in Metro Vancouver. The neighbourhood's charm and community character provide a unique value proposition that insulates it from the volatility of more speculative markets. The planned SkyTrain extension to Langley, while still years away, has already begun to generate interest from investors and developers. Landlords who acquire properties now may benefit from significant appreciation as the area's connectivity improves.
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Get Your Free AssessmentFrequently Asked Questions
What is the average rent in Cloverdale, Surrey?
As of April 2026, the average rent for a one-bedroom in Cloverdale is approximately $1,550/month, while two-bedroom units average around $2,050/month. Cloverdale is one of the most affordable neighbourhoods in Metro Vancouver.
What makes Cloverdale unique?
Cloverdale retains a genuine small-town identity with a historic downtown, the annual Cloverdale Rodeo, heritage buildings, and a strong community spirit. It's one of the few Metro Vancouver neighbourhoods with this character.
Will the SkyTrain extension reach Cloverdale?
The planned SkyTrain extension from Surrey Central to Langley will pass through the broader Cloverdale area, with stations planned along the Fraser Highway corridor. This will significantly improve the area's transit connectivity and is expected to boost property values.
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