Richmond · Richmond
1 Bedroom Apartment for Rent in Richmond
$1,600 / month
A 450 ft² one-bedroom in Richmond, asking $1,600 a month. It leaves 5 obvious questions unanswered, starting with: are pets allowed?
At $1,600 for 450 square feet, the asking rent works out to $3.56 per square foot.
That is $300 below the middle of the 232 comparable rentals we are tracking in Richmond, where most ask between $1,600 and $2,200.
The details
Highlights
Ask before you view
The advertisement doesn’t say, and it matters:
- What floor is it on?
- 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 Richmond
Richmond built a dense spine of new towers along the Canada Line, so the stock is young. Pools and gyms are common here rather than exceptional.
How this compares
What we’d expect it to ask
$1,538 / month
8 times in ten the answer lands between $1,182 and $1,949. That is the width of what we actually know, measured against listings this model had never seen — not a margin we chose.
Asking $1,600 is 4% above it — inside the ±11.4% this model cannot tell apart, so it is priced about where we’d expect.
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 60 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
$1,600 is $300 below the middle of the 232 one-bedrooms we are tracking in Richmond right now ($1,900). Most of them ask between $1,600 and $2,200.
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:
- What floor is it on?
- 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 Richmond
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