Surrey · Surrey - west newton
1 Bedroom Basement Suite for Rent in Surrey
$1,395 / month
A 550 ft² one-bedroom in Surrey, asking $1,395 a month. The listing mentions basement suite, water included and internet included. One thing the listing does not answer: which way does it face?
At $1,395 for 550 square feet, the asking rent works out to $2.54 per square foot.
That is $205 below the middle of the 475 comparable rentals we are tracking in Surrey, where most ask between $1,350 and $1,800.
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
$1,455 / month
8 times in ten the answer lands between $1,082 and $1,936. That is the width of what we actually know, measured against listings this model had never seen — not a margin we chose.
Asking $1,395 is 4.1% below it — inside the ±11.4% this model cannot tell apart, so it is priced about where we’d expect.
Nearby one-bedrooms disagree with each other by about 33% 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
No SkyTrain station within walking distance, about 83 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
$1,395 is $205 below the middle of the 475 one-bedrooms we are tracking in Surrey right now ($1,600). Most of them ask between $1,350 and $1,800.
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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