Surrey · Surrey, BC.
1 Bedroom Apartment for Rent in Surrey
$1,400 / month
A one-bedroom in Surrey, asking $1,400 a month.
That is $250 below the middle of the 339 comparable rentals we are tracking in Surrey, where most ask between $1,400 and $1,800.
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?
Roughly where it is
Approximate, listings rarely give an exact address, so treat this as the block, not the door.
Renting in Surrey
Surrey City Centre has the cheapest new high-rise in Metro Vancouver. A new one-bedroom with a gym and parking here costs what an older walk-up costs in Vancouver.
How this compares
What we’d expect it to ask
$1,375 / month
8 times in ten the answer lands between $1,059 and $1,755. That is the width of what we actually know, measured against listings this model had never seen, not a margin we chose.
Asking $1,400 is 1.8% above it, inside the ±9.9% this model cannot tell apart, so it is priced about where we’d expect.
Thin or scattered comparables, so this is our roughest tier. Treat it as a bearing, not a valuation.
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
No SkyTrain station within walking distance, about 67 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
$1,400 is $250 below the middle of the 339 one-bedrooms we are tracking in Surrey right now ($1,650). Most of them ask between $1,400 and $1,800.
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?
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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