Burnaby · burnaby/newwest
Studio Apartment for Rent in Burnaby
$1,980 / month
A 410 ft² studio in Burnaby, asking $1,980 a month. The listing mentions top floor, parking included and furnished. It leaves 3 obvious questions unanswered, starting with: which way does it face?
At $1,980 for 410 square feet, the asking rent works out to $4.83 per square foot.
That is $580 above the middle of the 13 comparable rentals we are tracking in Burnaby, where most ask between $1,210 and $1,550.
The details
Highlights
Ask before you view
The advertisement doesn’t say, and it matters:
- Which way does it face?
- 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 Burnaby
Burnaby is where most of Metro Vancouver's new towers actually got built. If you want a recent building with air conditioning and in-suite laundry, there is far more of it here than in Vancouver proper, and usually for less money.
How this compares
What we’d expect it to ask
$1,470 / month
8 times in ten the answer lands between $1,094 and $1,957. That is the width of what we actually know, measured against listings this model had never seen — not a margin we chose.
Asking $1,980 is $510 above that — further above than the ±9.8% we can put down to our own error. Something about it may justify that; the ad may also simply be ambitious.
Nearby studios disagree with each other by about 34% from quartile to quartile, so the estimate is only as sharp as they are.
Location
17 min on foot to Lake City Way (Millennium Line), about 52 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
$1,980 is $580 above the middle of the 13 studios we are tracking in Burnaby right now ($1,400). Most of them ask between $1,210 and $1,550.
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?
- 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.
Similar in Burnaby
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