Vancouver · Vancouver
3 Bedroom Apartment for Rent in Vancouver
$3,000 / month
A 1,200 ft² three-bedroom in Vancouver, asking $3,000 a month. The listing mentions basement suite and furnished. It leaves 4 obvious questions unanswered, starting with: are pets allowed?
At $3,000 for 1,200 square feet, the asking rent works out to $2.50 per square foot.
That is $995 below the middle of the 460 comparable rentals we are tracking in Vancouver, where most ask between $3,595 and $3,995.
The details
Highlights
Ask before you view
The advertisement doesn’t say, and it matters:
- 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 Vancouver
Vancouver is the tightest rental market in Canada, and the good units are gone within a day or two of being posted. Refreshing listings by hand is how most people lose the apartment they wanted.
How this compares
What we’d expect it to ask
$3,963 / month
8 times in ten the answer lands between $2,949 and $5,274. That is the width of what we actually know, measured against listings this model had never seen — not a margin we chose.
Asking $3,000 is $963 below that — further below than the ±13.5% 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 3-bedrooms disagree with each other by about 52% 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 48 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
$3,000 is $995 below the middle of the 460 3-bedrooms we are tracking in Vancouver right now ($3,995). Most of them ask between $3,595 and $3,995.
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?
- 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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