New
Under your rent
31
$634,999
~$3,010/mo
i#207 – 8740 No. 1 Road
Richmond · Residential
3 bd
2 ba
1,182 sqft
$537/sqft
Built 1975
MLS® R3158380
Oakwyn Realty Ltd.
Rent vs mortgage
$3,500 a month in rent buys a $738,000 home in Richmond
That is what a 3500-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 $616,000. Here are the 625 Richmond homes on the market at or under it right now.
Purchase price
$738,000
Down payment
$148,000
All-in monthly
$4,079/mo
Matching homes
625
Richmond homes your $3,500 rent could own
New
Under your rent
32
$668,000
~$3,166/mo
i#808 – 6188 No. 3 Road
Richmond · Residential
2 bd
2 ba
888 sqft
$752/sqft
Built 2016
MLS® R3158235
RE/MAX City Realty
Under your rent
40
$579,800
~$2,748/mo
i#104 – 12639 No. 2 Road
Richmond · Residential
1 bd
1 ba
744 sqft
$779/sqft
Built 1998
MLS® R3151580
Sutton Group Seafair Realty
Under your rent
20
$539,999
~$2,559/mo
i#116 – 9233 Ferndale Road
Richmond · Residential
2 bd
1 ba
774 sqft
$698/sqft
Built 2007
MLS® R3127265
Stonehaus Realty Corp.
Under your rent
37
$529,000
~$2,507/mo
i#1511 – 6631 MINORU Boulevard
Richmond · Residential
2 bd
2 ba
1,233 sqft
$429/sqft
Built 1971
MLS® R3142348
Royal Pacific Realty Corp.
Under your rent
19
$488,000
~$2,313/mo
i#323 – 5600 ANDREWS Road
Richmond · Residential
1 bd
1 ba
628 sqft
$777/sqft
Built 1998
MLS® R3122297
Dracco Pacific Realty
Under your rent
21
$699,000
~$3,313/mo
i#307 – 5860 DOVER Crescent
Richmond · Residential
3 bd
2 ba
1,201 sqft
$582/sqft
Built 1997
MLS® R3105848
Dracco Pacific Realty
Under your rent
Open House on Sat, 2pm–4pm
24
$599,999
~$2,844/mo
i#209 – 6811 Pearson Way
Richmond · Residential
1 bd
1 ba
630 sqft
$952/sqft
Built 2023
MLS® R3144378
Sutton Group - 1st West Realty
Under your rent
Open House on Sat, 2pm–4pm
40
$546,000
~$2,588/mo
i#1305 – 7733 Firbridge Way
Richmond · Residential
1 bd
1 ba
547 sqft
$998/sqft
Built 2015
MLS® R3145474
RE/MAX City Realty
Under your rent
33
$589,000
~$2,792/mo
i#805 – 7995 WESTMINSTER Highway
Richmond · Residential
2 bd
2 ba
914 sqft
$644/sqft
Built 1994
MLS® R3145880
Royal Pacific Realty Corp.
New
Under your rent
21
$423,800
~$2,009/mo
i#211 – 8400 Lansdowne Road
Richmond · Residential
2 bd
1 ba
928 sqft
$457/sqft
Built 1982
MLS® R3158228
RE/MAX Westcoast
Under your rent
Open House on Sun, 2pm–4pm
24
$420,000
~$1,991/mo
i#625 – 8133 Cook Road
Richmond · Residential
1 bd
1 ba
425 sqft
$988/sqft
Built 2022
MLS® R3150584
Royal Pacific Realty Corp.
See all on the map (625 active listings)
Other rents in Richmond
$1,500/mo · $1,800/mo · $2,000/mo · $2,200/mo · $2,500/mo · $3,000/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 3.19 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 $3,500 a month in rent buy in Richmond?
At a 5.19% rate with 20% down over 25 years, $3,500/mo carries the mortgage on a home priced around $738,000. Covering tax, strata and insurance inside the same budget, the matching price is about $616,000.
How much do I need for a down payment?
On a $738,000 home at 20% down, the down payment is $148,000. 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 $579/mo in tax, strata and insurance, so the honest all-in monthly on a $738,000 home is closer to $4,079.
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.
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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.