Richmond · RICHMOND
1 Bedroom Apartment for Rent in Richmond
$2,400 / month
A 537 ft² one-bedroom in Richmond, asking $2,400 a month. The listing mentions balcony, den and air conditioning.
At $2,400 for 537 square feet, the asking rent works out to $4.47 per square foot.
That is $500 above the middle of the 204 comparable rentals we are tracking in Richmond, where most ask between $1,595 and $2,200.
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?
- Is parking included or extra?
- Are pets allowed?
- When is it available?
Roughly where it is
Approximate, listings rarely give an exact address, so treat this as the block, not the door.
Renting in Richmond
Richmond built a dense spine of new towers along the Canada Line, so the stock is young. Pools and gyms are common here rather than exceptional.
How this compares
What we’d expect it to ask
$2,186 / month
8 times in ten the answer lands between $1,795 and $2,646. 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 9.8% above 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
8 min on foot to Capstan (Canada Line), about 33 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 $500 above the middle of the 204 one-bedrooms we are tracking in Richmond right now ($1,900). Most of them ask between $1,595 and $2,200.
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?
- When is it available?
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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