Richmond · Richmond
3 Bedroom Apartment for Rent in Richmond
$5,400 / month
A 1,347 ft² three-bedroom in Richmond, asking $5,400 a month. The listing mentions den. It leaves 5 obvious questions unanswered, starting with: what floor is it on?
At $5,400 for 1,347 square feet, the asking rent works out to $4.01 per square foot.
That is $2,200 above the middle of the 87 comparable rentals we are tracking in Richmond, where most ask between $2,888 and $3,600.
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?
- 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 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
$4,160 / month
8 times in ten the answer lands between $3,095 and $5,536. That is the width of what we actually know, measured against listings this model had never seen — not a margin we chose.
Asking $5,400 is $1,240 above that — further above than the ±13.5% we can put down to our own error. Something about it may justify that; the ad may also simply be ambitious.
Nearby 3-bedrooms disagree with each other by about 36% 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
15 min on foot to Lansdowne (Canada Line), about 45 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
$5,400 is $2,200 above the middle of the 87 3-bedrooms we are tracking in Richmond right now ($3,200). Most of them ask between $2,888 and $3,600.
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:
- What floor is it on?
- 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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