Downtown Vancouver · Vancouver
1 Bedroom Apartment for Rent in Downtown Vancouver
$2,400 / month
A 550 ft² one-bedroom in Downtown Vancouver, asking $2,400 a month.
At $2,400 for 550 square feet, the asking rent works out to $4.36 per square foot.
That is $300 below the middle of the 306 comparable rentals we are tracking in Downtown Vancouver, where most ask between $2,451 and $3,050.
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?
Roughly where it is
Approximate, listings rarely give an exact address, so treat this as the block, not the door.
Renting in Downtown Vancouver
Downtown has the densest rental stock in the region and it turns over faster than anywhere else. Good units are often leased before they finish a full day online.
How this compares
What we’d expect it to ask
$2,541 / month
8 times in ten the answer lands between $2,086 and $3,076. 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 5.5% below it, inside the ±9.9% this model cannot tell apart, so it is priced about where we’d expect.
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
10 min on foot to Yaletown-Roundhouse (Canada Line), about 18 min to Waterfront.
How the score breaks down
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 $300 below the middle of the 306 one-bedrooms we are tracking in Downtown Vancouver right now ($2,700). Most of them ask between $2,451 and $3,050.
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
Laundry, parking, air conditioning, the bathroom count and whether the home sits below ground are priced in wherever the advertisement states them. The floor, the view, the light, the condition and the noise are not, and nothing we hold measures them: two identical floor plans, one renovated and one not, get the same estimate from us.
Where an advertisement says nothing, we price it as unsaid rather than as absent. A short ad is not a worse home, and scoring it as one would price the landlord’s writing instead of the flat.
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?
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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