Burnaby · burnaby/newwest
3 Bedroom Apartment for Rent in Burnaby
$2,400 / month
A 1,282 ft² three-bedroom in Burnaby, asking $2,400 a month. It leaves 5 obvious questions unanswered, starting with: which way does it face?
At $2,400 for 1,282 square feet, the asking rent works out to $1.87 per square foot.
That is $650 below the middle of the 84 comparable rentals we are tracking in Burnaby, where most ask between $2,650 and $3,500.
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 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
$3,155 / month
8 times in ten the answer lands between $2,348 and $4,199. That is the width of what we actually know, measured against listings this model had never seen — not a margin we chose.
Asking $2,400 is $755 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 43% 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
6 min on foot to Lake City Way (Millennium Line), about 41 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
$2,400 is $650 below the middle of the 84 3-bedrooms we are tracking in Burnaby right now ($3,050). Most of them ask between $2,650 and $3,500.
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 Burnaby
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