Under your rent
Open House on Sat, 2pm–4pm
30
$220,000
~$1,043/mo
i#5 – 13650 80 Avenue
Surrey · Residential
2 bd
1 ba
938 sqft
$235/sqft
Built 1977
MLS® R3142587
FaithWilson Christies International Real Estate
Rent vs mortgage
$1,500 a month in rent buys a $316,000 home in Surrey
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 $219,000. Here are the 97 Surrey homes on the market at or under it right now.
Purchase price
$316,000
Down payment
$63,000
All-in monthly
$1,964/mo
Matching homes
97
Surrey homes your $1,500 rent could own
Newly Listed
Under your rent
Open House on Sat, 2pm–4pm
36
$292,000
~$1,384/mo
i#711 – 13325 102a Avenue
Surrey · Residential
0 bd
1 ba
405 sqft
$721/sqft
Built 2013
MLS® R3154723
Royal Regal Realty Ltd.
Under your rent
14
$279,000
~$1,322/mo
i#310 – 13696 100 Avenue
Surrey · Residential
1 bd
1 ba
449 sqft
$621/sqft
Built 2017
MLS® R3148005
RE/MAX 2000 Realty
Under your rent
21
$299,900
~$1,421/mo
i#425 – 13789 107A Avenue
Surrey · Residential
1 bd
1 ba
466 sqft
$644/sqft
Built 2009
MLS® R3152138
Real Broker
Under your rent
16
$260,000
~$1,232/mo
i#60 – 8220 King George Boulevard
Surrey · Residential
4 bd
1 ba
918 sqft
$283/sqft
Built 1976
MLS® R3063240
Sutton Group-West Coast Realty
Under your rent
25
$249,500
~$1,183/mo
i#202 – 7064 133b Street
Surrey · Residential
3 bd
2 ba
1,441 sqft
$173/sqft
Built 1983
MLS® R3151941
eXp Realty of Canada, Inc.
Under your rent
13
$283,900
~$1,346/mo
i#3003 – 13675 107a Avenue
Surrey · Residential
0 bd
1 ba
325 sqft
$874/sqft
Built 2025
MLS® R3130578
RE/MAX City Realty
Newly Listed
Under your rent
6
$299,900
~$1,421/mo
i#203 – 6433 128 Street
Surrey · Residential
0 bd
1 ba
396 sqft
$757/sqft
Built 2029
MLS® R3156055
RE/MAX Performance Realty
Newly Listed
Under your rent
38
$279,000
~$1,322/mo
i#103 – 7090 133b Street
Surrey · Residential
3 bd
2 ba
1,441 sqft
$194/sqft
Built 1980
MLS® R3157141
Royal LePage Global Force Realty
Under your rent
31
$200,000
~$948/mo
i#207 – 7144 133b Street
Surrey · Residential
2 bd
1 ba
976 sqft
$205/sqft
Built 1984
MLS® R3112857
eXp Realty of Canada Inc.
Newly Listed
Under your rent
$90,000
~$427/mo
i#17 – 16039 Fraser Highway
Surrey · Residential
2 bd
1 ba
600 sqft
$150/sqft
Built 1967
MLS® R3156939
Homelife Benchmark Titus Realty
Under your rent
36
$289,900
~$1,374/mo
i#328 – 13789 107a Avenue
Surrey · Residential
1 bd
1 ba
469 sqft
$618/sqft
Built 2009
MLS® R3141889
Century 21 In Town Realty
See all on the map (97 active listings)
Other rents in Surrey
$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 3.11 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 Surrey?
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 $219,000.
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 $464/mo in tax, strata and insurance, so the honest all-in monthly on a $316,000 home is closer to $1,964.
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.