Metrotown · burnaby/newwest
2 Bedroom Apartment for Rent in Metrotown
$2,100 / month
A 880 ft² two-bedroom in Metrotown, asking $2,100 a month. The listing mentions basement suite. It leaves 4 obvious questions unanswered, starting with: are pets allowed?
At $2,100 for 880 square feet, the asking rent works out to $2.39 per square foot.
That is $775 below the middle of the 90 comparable rentals we are tracking in Metrotown, where most ask between $2,500 and $3,000.
The details
Highlights
Ask before you view
The advertisement doesn’t say, and it matters:
- Which way does it face?
- Is parking included or extra?
- Are pets allowed?
- When is it available?
Roughly where it is
Approximate — listings rarely give an exact address, so treat this as the block, not the door.
Renting in Metrotown
Metrotown is the closest thing Burnaby has to a downtown. Roughly thirty residential towers are packed into about a kilometre around the region's second-largest mall and its SkyTrain station.
How this compares
What we’d expect it to ask
$2,451 / month
8 times in ten the answer lands between $1,823 and $3,261. That is the width of what we actually know, measured against listings this model had never seen — not a margin we chose.
Asking $2,100 is $351 below that — further below than the ±11.8% we can put down to our own error. On size and location alone, it asks less than its neighbours do.
Asks less than we’d expect
Nearby two-bedrooms disagree with each other by about 34% from quartile to quartile, so the estimate is only as sharp as they are.
What moves that number
Each line is the difference this one thing makes, holding everything else where it is. They do not add up to the rent.
Location
14 min on foot to Patterson (Expo Line), about 37 min to Waterfront.
Scored from the map pin alone — rapid transit, town centres and parks, in straight lines. It knows nothing about the street, the hill, the building or the neighbours, and buses and the SeaBus are not in it, so places served by those score lower here than they deserve.
Against the ones next to it
$2,100 is $775 below the middle of the 90 two-bedrooms we are tracking in Metrotown right now ($2,875). Most of them ask between $2,500 and $3,000.
A straight count of asking prices in the area, with nothing adjusted for — unlike the estimate above, it does not care that this one is bigger or closer to a station.
What the estimate cannot see
Floor, view, condition, noise and everything inside the walls are missing from all but a handful of the advertisements we index, so none of them are priced in above. Two identical floor plans, one renovated and one not, get the same estimate from us.
The advertisement doesn’t say, and it matters:
- Which way does it face?
- Is parking included or extra?
- Are pets allowed?
- When is it available?
Estimated from the listings on this site, not a market survey, and from asking rents — what a home is advertised at, not what it lets for.
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