Avg. 1BR Rent

$1,600/mo

Avg. 2BR Rent

$2,100/mo

Source: Zumper, liv.rent · Updated April 2026

About Fleetwood

Fleetwood is a large, diverse neighbourhood in central Surrey that is poised for significant transformation with the planned SkyTrain extension from Surrey Central to Langley. Currently a mix of established suburban streets and newer townhome developments, Fleetwood offers some of the most affordable rents in Metro Vancouver while maintaining good access to employment and services. For landlords, Fleetwood represents a ground-floor opportunity in a neighbourhood that will benefit enormously from improved transit infrastructure. Properties near the planned SkyTrain stations are expected to see meaningful appreciation as the project advances.

Local Landmarks & Transit

Fleetwood Park, a large community park with sports fields, trails, and a community centre, anchors the neighbourhood's recreational offerings. The Fleetwood Town Centre area along Fraser Highway provides local shopping and services. The planned SkyTrain extension will add stations along the Fraser Highway corridor, dramatically improving transit connectivity. Currently, the neighbourhood is served by bus routes connecting to Surrey Central and Langley. The area is also close to Highway 1, providing car commuters with access to the broader Metro Vancouver region.

Building Types & Housing Stock

Fleetwood's housing stock is predominantly single-family homes with secondary suites, townhome complexes, and some low-rise apartments. The neighbourhood has seen significant townhome development in recent years, with new projects offering modern three- and four-bedroom units attractive to families. Secondary suites in older single-family homes provide the most affordable rental options. As the SkyTrain extension progresses, higher-density development is expected along the Fraser Highway corridor, which will add new rental inventory.

Typical Tenant Profile

Fleetwood tenants are primarily families and working-class professionals seeking affordable housing with reasonable commute times. The neighbourhood has a large South Asian community, and many tenants are newcomers to Canada establishing themselves in the Lower Mainland. Young families are drawn by the relatively affordable rents for larger units (3+ bedrooms) that would be unattainable closer to Vancouver. Tenants tend to be practical, prioritizing space and value over neighbourhood amenities.

Market Insight

Fleetwood one-bedroom rents average approximately $1,600/month, among the lowest in Metro Vancouver for a neighbourhood with reasonable urban services. The planned SkyTrain extension is the key catalyst for future appreciation — properties within walking distance of planned stations are expected to see significant rent and value increases as the project progresses. Landlords who acquire or hold properties in the SkyTrain corridor now are positioning themselves for strong long-term returns.

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Frequently Asked Questions

What is the average rent in Fleetwood, Surrey?

As of April 2026, the average rent for a one-bedroom in Fleetwood is approximately $1,600/month, while two-bedroom units average around $2,100/month. Fleetwood offers some of the most affordable rents in Metro Vancouver.

How will the SkyTrain extension affect Fleetwood?

The planned SkyTrain extension from Surrey Central to Langley will add stations along Fraser Highway in Fleetwood, dramatically improving transit connectivity. Properties near planned stations are expected to see significant appreciation in both rents and property values.

What types of rentals are available in Fleetwood?

Fleetwood offers secondary suites in single-family homes, townhomes (many newer), and some low-rise apartments. Townhomes are particularly popular with families seeking 3+ bedrooms at affordable price points.