New Westminster · New Westminster
1 Bedroom Apartment for Rent in New Westminster
$2,300 / month
A one-bedroom apartment in New Westminster, asking $2,300 a month. The listing mentions water views, in-suite laundry and parking included.
That is $450 above the middle of the 137 comparable rentals we are tracking in New Westminster, where most ask between $1,700 and $2,000.
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?
- 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 New Westminster
New West has five SkyTrain stations for a city of this size, which is the reason to live here if you commute.
How this compares
What we’d expect it to ask
$1,736 / month
8 times in ten the answer lands between $1,412 and $2,088. 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 $564 above that, further above than the ±9.8% we can put down to our own error. Something about it may justify that; the ad may also simply be ambitious.
What moves that number
Nothing about this home pulls the estimate far from what its neighbours ask.
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
15 min on foot to Sapperton (Expo Line), about 54 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
$2,300 is $450 above the middle of the 137 one-bedrooms we are tracking in New Westminster right now ($1,850). Most of them ask between $1,700 and $2,000.
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
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. This one gives no floor area either, so size is not in it at all.
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?
- 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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Before you pay anything, read how to spot a rental scam. We record what an advertisement says; we cannot verify who posted it.
Worth reading before you view it
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