Metrotown · BURNABY
3 Bedroom Apartment for Rent in Metrotown
$4,200 / month
A 1,200 ft² three-bedroom in Metrotown, asking $4,200 a month. It leaves 5 obvious questions unanswered, starting with: are pets allowed?
At $4,200 for 1,200 square feet, the asking rent works out to $3.50 per square foot.
That is $300 above the middle of the 25 comparable rentals we are tracking in Metrotown, where most ask between $2,800 and $4,000.
The details
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 Metrotown
Metrotown is the closest thing Burnaby has to a downtown. Roughly thirty residential towers are packed into about a kilometre around the region's second-largest mall and its SkyTrain station.
How this compares
What we’d expect it to ask
$3,667 / month
8 times in ten the answer lands between $2,728 and $4,880. That is the width of what we actually know, measured against listings this model had never seen — not a margin we chose.
Asking $4,200 is $533 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 55% 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
5 min on foot to Patterson (Expo Line), about 28 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
$4,200 is $300 above the middle of the 25 3-bedrooms we are tracking in Metrotown right now ($3,900). Most of them ask between $2,800 and $4,000.
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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