Downtown Vancouver · city of vancouver
2 Bedroom Apartment for Rent in Downtown Vancouver
$2,950 / month
A two-bedroom in Downtown Vancouver, asking $2,950 a month. The listing mentions 2 bathrooms. It leaves 5 obvious questions unanswered, starting with: is parking included or extra?
That is $949 below the middle of the 295 comparable rentals we are tracking in Downtown Vancouver, where most ask between $3,450 and $5,972.
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 Downtown Vancouver
Downtown has the densest rental stock in the region and it turns over faster than anywhere else. Good units are often leased before they finish a full day online.
How this compares
What we’d expect it to ask
$3,378 / month
8 times in ten the answer lands between $2,513 and $4,495. That is the width of what we actually know, measured against listings this model had never seen — not a margin we chose.
Asking $2,950 is $428 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 86% from quartile to quartile, so the estimate is only as sharp as they are.
What moves that number
The advertisement does not state a floor area, so size is not priced in.
Each line is the difference this one thing makes, holding everything else where it is. They do not add up to the rent.
Location
10 min on foot to Yaletown-Roundhouse (Canada Line), about 18 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
$2,950 is $949 below the middle of the 295 two-bedrooms we are tracking in Downtown Vancouver right now ($3,899). Most of them ask between $3,450 and $5,972.
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 ad does not give a floor area either, so size is not in it.
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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