Metrotown · Metrotown, Burnaby
3 Bedroom Apartment for Rent in Metrotown
$2,800 / month
A 1,150 ft² three-bedroom in Metrotown, asking $2,800 a month. The listing mentions ground floor and 2 bathrooms. It leaves 4 obvious questions unanswered, starting with: are pets allowed?
At $2,800 for 1,150 square feet, the asking rent works out to $2.43 per square foot.
That is $1,100 below the middle of the 25 comparable rentals we are tracking in Metrotown, where most ask between $3,200 and $4,100.
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 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
$3,362 / month
8 times in ten the answer lands between $2,501 and $4,474. That is the width of what we actually know, measured against listings this model had never seen — not a margin we chose.
Asking $2,800 is $562 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
7 min on foot to Royal Oak (Expo Line), about 34 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
$2,800 is $1,100 below the middle of the 25 3-bedrooms we are tracking in Metrotown right now ($3,900). Most of them ask between $3,200 and $4,100.
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.
Similar in Metrotown
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