Burnaby · burnaby
3 Bedroom Apartment for Rent in Burnaby
$750 / month
A three-bedroom in Burnaby, asking $750 a month.
That is $2,350 below the middle of the 93 comparable rentals we are tracking in Burnaby, where most ask between $2,650 and $3,600.
The details
Highlights
Ask before you view
The advertisement doesn’t say, and it matters:
- 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 Burnaby
Burnaby is where most of Metro Vancouver's new towers actually got built, and it is cheaper than the city for the same size: a one-bedroom asks a median $1,850 here against $2,100 across Vancouver.
How this compares
What we’d expect it to ask
$2,586 / month
8 times in ten the answer lands between $1,992 and $3,302. That is the width of what we actually know, measured against listings this model had never seen, not a margin we chose.
Asking $750 is $1,836 below that, further below than the ±11.2% 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 25% 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
19 min on foot to Holdom (Millennium Line), about 48 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
$750 is $2,350 below the middle of the 93 3-bedrooms we are tracking in Burnaby right now ($3,100). Most of them ask between $2,650 and $3,600.
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:
- 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.
Similar in Burnaby
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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