Surrey · Surrey
2 Bedroom Apartment for Rent in Surrey
$1,550 / month
A 800 ft² two-bedroom apartment in Surrey, asking $1,550 a month. The listing mentions laundry in building, parking included and pet friendly. One thing the listing does not answer: which way does it face?
At $1,550 for 800 square feet, the asking rent works out to $1.94 per square foot.
That is $450 below the middle of the 488 comparable rentals we are tracking in Surrey, where most ask between $1,750 and $2,350.
The details
Highlights
Ask before you view
The advertisement doesn’t say, and it matters:
- Which way does it face?
Roughly where it is
Approximate — listings rarely give an exact address, so treat this as the block, not the door.
Renting in Surrey
Surrey City Centre has the cheapest new high-rise in Metro Vancouver. A new one-bedroom with a gym and parking here costs what an older walk-up costs in Vancouver.
How this compares
What we’d expect it to ask
$2,002 / month
8 times in ten the answer lands between $1,490 and $2,665. That is the width of what we actually know, measured against listings this model had never seen — not a margin we chose.
Asking $1,550 is $452 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 41% 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
28 min on foot to Scott Road (Expo Line), about 58 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
$1,550 is $450 below the middle of the 488 two-bedrooms we are tracking in Surrey right now ($2,000). Most of them ask between $1,750 and $2,350.
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.
This one is unusually forthcoming. It does state:
Worth reading — but too rare across the feed for us to put a number on.
The advertisement doesn’t say, and it matters:
- Which way does it face?
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.
Similar in Surrey
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