
Cheap Homes for Rent in Colwood, BC from $1,600 (6 Rentals)
Search the lowest-cost Homes available for rent right now in Colwood.


2626 Cook St

1850 Newton St
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

3008 Dornier Road

1620 McKenzie Ave

3763 Cadboro Bay Rd
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.
Colwood, BC Local Guide
How much does it cost to rent a home in Colwood?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Colwood 2 Bedroom Homes for Rent | $2,483 | $1,975 | $3,600 |
| Colwood 3 Bedroom Homes for Rent | $3,250 | $2,650 | $3,850 |
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Colwood, BC Local Guide
- Nearby Cities
Cheapest Available Colwood Apartments for Rent and Nearby
 The cheapest available apartment rental in Colwood, BC is a 1 Bed unit found at 2780 Spencer Road priced from $350. Monarch Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $1,575. Here is today’s list of the most affordable Colwood apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 2780 Spencer Road | Bachelor | 1BR,1BA | $350 |
| Monarch Apartments | 0 Beds, 1 Baths | Studio,1BA | $1,575 |
| Marakai | A2 - Studio | Studio,1BA | $1,649 |
Best Value Apartments for Rent in Colwood, BC and Nearby
As of June 22, 2026 the best value apartment in the Colwood area is the $0.04 price per square foot Bachelor Model at 2780 Spencer Road in the starting from $350. The second greatest value Colwood apartment is the A2 Model at OVIS One starting at $2,800 with a $2.72 price per square foot . Here is today’s list of the best values for Colwood apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 2780 Spencer Road | Bachelor | 1BR,1BA | $0.04 |
| OVIS One | A2 | 2BR,2BA | $2.72 |
| Christie Point | 3 Bedroom + 2 Bath | 3BR,2BA | $2.71 |
| Braywood Place Apartments | 2 Bed/ 2 Bath + Den | 2BR,2BA | $2.82 |
| Colwood Corners | D5 - Building 1 | 2BR,2BA | $3.23 |
| Lancaster | 2 Beds, 1 Baths | 2BR,1BA | $3.10 |
| The Kentwood | 1 Bed + Den | 1BR,2BA | $3.14 |
| Hoylake Apartments | 1 Bed 1 Bath E | 1BR,1BA | $2.95 |
| Belmont Place Apartments | 1 Bedroom, 1 Bath | 1BR,1BA | $2.79 |
| Crossing at Belmont | One Bedroom | 1BR,1BA | $3.03 |
Don't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
Read ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
Remember the 3 Rules of Real Estate:Location, Location, Location!
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Frequently Asked Questions about Colwood
What type of rentals are currently available in Colwood?
There are currently 108 Apartments for Rent in Colwood, BC with pricing that ranges from $1,550 to $4,795. There are also 16 Single Family Homes for rent, Condos, and Townhome rentals currently available in Colwood ranging from $1,695 to $3,850.
What is the current price range for Rental Homes in Colwood?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Colwood ranges from $1,695 to $3,850 with an average monthly rent of $2,631.
Expert Rental Resources
The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.
Articles, How-To's, and Tips

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.