Burnaby · Burnaby Mountain/ SFU / 9288 University Cresc.
1 Bedroom Condo for Rent in Burnaby
$1,500 / month
A 450 ft² one-bedroom in Burnaby, asking $1,500 a month.
At $1,500 for 450 square feet, the asking rent works out to $3.33 per square foot.
That is $350 below the middle of the 234 comparable rentals we are tracking in Burnaby, where most ask between $1,600 and $2,150.
The details
Highlights
Ask before you view
The advertisement doesn’t say, and it matters:
- 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 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
$1,748 / month
8 times in ten the answer lands between $1,473 and $1,989. That is the width of what we actually know, measured against listings this model had never seen, not a margin we chose.
Asking $1,500 is $248 below that, further below than the ±9.9% 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
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
35 min on foot to Burquitlam (Millennium Line), about 62 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
$1,500 is $350 below the middle of the 234 one-bedrooms we are tracking in Burnaby right now ($1,850). Most of them ask between $1,600 and $2,150.
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:
- 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.
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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