Vancouver · city of vancouver
1 Bedroom Apartment for Rent in Vancouver
$2,300 / month
A one-bedroom apartment on the 5th floor in Vancouver, asking $2,300 a month. The listing mentions water views, in-suite laundry and parking included. One thing the listing does not answer: what floor is it on?
That is $210 above the middle of the 417 comparable rentals we are tracking in Vancouver, where most ask between $1,700 and $2,395.
The details
Highlights
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
$1,656 / month
8 times in ten the answer lands between $1,230 and $2,197. That is the width of what we actually know, measured against listings this model had never seen — not a margin we chose.
Asking $2,300 is $644 above that — further above than the ±12% we can put down to our own error. Something about it may justify that; the ad may also simply be ambitious.
Nearby one-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
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
No SkyTrain station within walking distance, about 44 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
$2,300 is $210 above the middle of the 417 one-bedrooms we are tracking in Vancouver right now ($2,090). Most of them ask between $1,700 and $2,395.
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.
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?
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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Worth reading before you view it
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