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The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. MLS®, Multiple Listing Service®, and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.

®MLSReciprocity
Home/Rent vs mortgage/Langley/$1,500/mo

Rent vs mortgage

$1,500 a month in rent buys a $316,000 home in Langley

That is what a 1500-a-month rent carries as a mortgage at 5.19%, with 20% down over a 25-year amortization. Covering property tax, strata and insurance inside the same monthly budget, the matching price is about $215,000. Here are the 48 Langley homes on the market at or under it right now.

Purchase price

$316,000

Down payment

$63,000

All-in monthly

$1,982/mo

Matching homes

48

Rent or own? See what you could afford

Your name

$

/mo

Your monthly rent

Paid as a mortgage, $1,500/mo owns a home worth about

$316,000

48 Langley homes are in your budget

Builds your equity

Rent builds none

Covering mortgage, tax, strata and insurance together, the matching price is about $216,000.

Rate %
Down %
Amort. yrs
Email *
How $1,500/mo of rent becomes a purchase price
Rent you pay$1,500/mo
Interest rate5.19%
Amortization25 years
Down payment (20%)$63,000
Mortgage supported$253,000
Purchase price$316,000
Tax, strata & insurance$482/mo
All-in monthly$1,982/mo

Langley homes your $1,500 rent could own

#215 – 20071 24 Avenue
Under your rent
40

$310,000

~$1,469/mo

i

#215 – 20071 24 Avenue

Langley · Residential

3 bd

2 ba

1,241 sqft

$250/sqft

Built 1983

MLS® R3143118

View

eXp Realty of Canada, Inc.

#71 – 20071 24 Avenue
New
Under your rent
26

$269,600

~$1,278/mo

i

#71 – 20071 24 Avenue

Langley · Residential

2 bd

2 ba

1,230 sqft

$219/sqft

Built 1976

MLS® R3157912

View

RE/MAX Treeland Realty

#509 – 27218 Aldergrove Town Centre Drive
Under your rent
Open House on Sat, 12pm–2pm
27

$299,900

~$1,421/mo

i

#509 – 27218 Aldergrove Town Centre Drive

Langley · Residential

1 bd

1 ba

465 sqft

$645/sqft

Built 2025

MLS® R3144436

View

eXp Realty of Canada, Inc.

#44 – 26892 Fraser Highway
Newly Listed
Under your rent
26

$274,900

~$1,303/mo

i

#44 – 26892 Fraser Highway

Langley · Residential

2 bd

1 ba

792 sqft

$347/sqft

Built 1975

MLS® R3150830

View

One Percent Realty Ltd.

#101 – 3031 200 Street
Under your rent
30

$229,000

~$1,085/mo

i

#101 – 3031 200 Street

Langley · Residential

3 bd

2 ba

1,432 sqft

$160/sqft

Built 1974

MLS® R3139252

View

2 Percent Realty West Coast

#12 – 4426 232 Street
Newly Listed
Under your rent
40

$298,000

~$1,412/mo

i

#12 – 4426 232 Street

Langley · Residential

2 bd

2 ba

1,680 sqft

$177/sqft

Built 1983

MLS® R3157197

View

Sutton Group-West Coast Realty (Abbotsford)

#20 – 26892 Fraser Highway
Newly Listed
Under your rent
11

$149,900

~$710/mo

i

#20 – 26892 Fraser Highway

Langley · Residential

2 bd

1 ba

624 sqft

$240/sqft

Built 1972

MLS® R3157191

View

First Stay Realty Inc.

#314 – 5294 204 Street
Under your rent
20

$314,995

~$1,493/mo

i

#314 – 5294 204 Street

Langley · Residential

1 bd

1 ba

662 sqft

$476/sqft

Built 1982

MLS® R3157418

View

One Percent Realty Ltd.

#20 – 24330 Fraser Highway
Newly Listed
Under your rent
34

$225,000

~$1,066/mo

i

#20 – 24330 Fraser Highway

Langley · Residential

2 bd

2 ba

830 sqft

$271/sqft

Built 1975

MLS® R3155137

View

eXp Realty of Canada, Inc.

#226 – 20071 24 Avenue
Under your rent
30

$284,000

~$1,346/mo

i

#226 – 20071 24 Avenue

Langley · Residential

3 bd

2 ba

1,438 sqft

$197/sqft

Built 1986

MLS® R3109905

View

eXp Realty of Canada, Inc.

#40 – 3031 200 Street
Under your rent
33

$144,800

~$686/mo

i

#40 – 3031 200 Street

Langley · Residential

2 bd

1 ba

754 sqft

$192/sqft

Built 1970

MLS® R3142610

View

RE/MAX Treeland Realty

#21 – 3031 200 Street
Under your rent
37

$172,900

~$820/mo

i

#21 – 3031 200 Street

Langley · Residential

2 bd

2 ba

803 sqft

$215/sqft

Built 1973

MLS® R3153095

View

2 Percent Realty West Coast

See all on the map (48 active listings)

Other rents in Langley

$1,800/mo · $2,000/mo · $2,200/mo · $2,500/mo · $3,000/mo · $3,500/mo · $4,000/mo

The assumptions behind these numbers

Every figure assumes a 5.19% interest rate, 20% down and a 25-year amortization. Property tax uses the local municipal residential rate of 3.81 per $1,000; strata ($320/mo) and insurance ($62/mo) are estimates, since neither is knowable from rent alone. Change any of these in the calculator and the numbers update in place. This is an estimate for comparison, not a mortgage approval or financial advice. Your rate, down payment and the home's real carrying costs will differ. Confirm with a mortgage professional before you rely on it.

Common questions

What can $1,500 a month in rent buy in Langley?

At a 5.19% rate with 20% down over 25 years, $1,500/mo carries the mortgage on a home priced around $316,000. Covering tax, strata and insurance inside the same budget, the matching price is about $215,000.

How much do I need for a down payment?

On a $316,000 home at 20% down, the down payment is $63,000. A smaller down payment raises the monthly cost and may add mortgage insurance.

Is the mortgage really the same as my rent?

The mortgage payment is, by design; that is what this page solves for. Owning also adds roughly $482/mo in tax, strata and insurance, so the honest all-in monthly on a $316,000 home is closer to $1,982.

RR

How these numbers are worked out

I am Ray Rasouli, a licensed REALTOR® with Real Broker B.C. Ltd. The purchase price is your rent solved back through a standard amortized mortgage, and the listings come from live MLS® inventory refreshed hourly, not a static table. The figures are for comparison, not a mortgage approval. Tell me your situation and I will confirm what you actually qualify for.

Page methodology and sources are stated beside the figures. Content is reviewed by Ray Rasouli, REALTOR®, Real Broker B.C. Ltd.
$1,800/mo in Langley$2,000/mo in Langley$2,200/mo in Langley$2,500/mo in Langley$3,000/mo in Langley$3,500/mo in Langley$4,000/mo in LangleyAll rent bands in LangleyLangley market reportMortgage calculator

Listing data provided by the Real Estate Board of Greater Vancouver and partner boards under MLS® Reciprocity. Deemed reliable but not guaranteed accurate. Mortgage figures are estimates for comparison only, not financial advice. MLS® and REALTOR® are trademarks of CREA.