I just signed a lease on a downtown apartment last tuesday. It's a crazy market for rental housing right now.
Anything in a decent neighborhood, particularly in the downtown peninsula, goes incredibly fast (like within hours of advertising). And, of course, theres a premium to live downtown or kits beach.
There *is* decent stuff out there at a "reasonable" price, but for some reason, I did not find them from large commercial operations (eg. Hollyburn, Gateway, Amacon, etc.) I'm finding the better values come from small independants, or privately owned condos rented directly from the individual owner.