Cheap Apartments for Rent in Lake Cowichan, BC from $1,200 (43 Rentals)

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Search the lowest-cost Apartments available for rent right now in Lake Cowichan.

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.

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The Shelley
$1,750 - $1,950
Total Monthly Price

Total Monthly Price

Base Rent
$1,750 - $1,950
Total Monthly Price
$1,750 - $1,950
1 to 2 Bedroom Apartments Available Now

The Shelley

3949 Shelbourne StSaanich, BC V8P 4J2
Student Housing
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  • Smoke Free

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.

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University Heights
Rent Specials
$1,825 - $3,725
Total Monthly Price

Total Monthly Price

Base Rent
$1,825 - $3,725
Total Monthly Price
$1,825 - $3,725
Studio to 3 Bedroom Apartments Available Now

University Heights

3980 Shelbourne StVictoria, BC V8N 6J1
Student Housing
  • Verified
  • 3D Tour

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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property at 501 Sixth St

$1,595

1 Bedroom Rentals

Available Now

501 Sixth St

NanaimoBCV9R 5W6
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Aquarius Apartments
$1,600 - $2,000Studio to 2 Bedroom Apartments

Aquarius Apartments

215 Oswego StVictoria, BC V8V 2B5
  • Utilities Included
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The Meridian
$1,695 - $2,5851 to 2 Bedroom Apartments

The Meridian

107 Evans StDuncan, BC V9L 1P5
  • Smoke Free

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Elmwood Terrace
$1,700 - $2,3001 to 2 Bedroom Apartments

Elmwood Terrace

1399 Stanley AveVictoria, BC V8S 3S5
  • Utilities Included
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The Wilson Block
$1,800 - $2,500Studio to 2 Bedroom Apartments

The Wilson Block

536 Herald StVictoria, BC V8W 1S6
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Salish Sands
$1,950 - $2,3001 to 3 Bedroom Apartments

Salish Sands

115 McMillian StParksville, BC V9P 0J2
  • Utilities Included
  • Smoke Free

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Showing Results 1-43, Page 1 of 1

Lake Cowichan, BC Local Guide

Cheapest Available Lake Cowichan Apartments for Rent and Nearby

 

The cheapest available apartment rental in Lake Cowichan, BC is a 5 Beds unit found at Neighbour priced from $1,275. Drinkwater Place Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $1,500. Here is today’s list of the most affordable Lake Cowichan apartments for rent:

Apartment ListingModel NameBed/BathPriced From
NeighbourE45BR,3BA$1,275
Drinkwater Place ApartmentsStudio/ 1 BathStudio,1BA$1,500
Mainstreet Victoria Garden ApartmentsBachelorStudio,1BA$1,550
Bray Park ApartmentsStudio/ 1 BathStudio,1BA$1,584
MarakaiA2 - StudioStudio,1BA$1,649
Mainstreet Duncan Apartments2 Bedroom2BR,1BA$1,650
Hudson HouseA2 - StudioStudio,1BA$1,675
Belmont Place Apartments1 Bedroom, 1 Bath1BR,1BA$1,680
Rutherford Place ApartmentsOpen Plan One BedroomStudio,1BA$1,690
Crossing at BelmontOne Bedroom1BR,1BA$1,740

Best Value Apartments for Rent in Lake Cowichan, BC and Nearby

As of April 13, 2026 the best value apartment in the Lake Cowichan area is the $2.24 price per square foot Townhouse - Type C Model at Wadams Farm in the starting from $3,100. The second greatest value Lake Cowichan 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 Lake Cowichan apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Wadams FarmTownhouse - Type C3BR,3BA$2.24
OVIS OneA22BR,2BA$2.72
Braywood Place Apartments2 Bed/ 2 Bath + Den2BR,2BA$2.82
Bray Park Apartments2 Bed/ 2 Bath2BR,2BA$3.08
Woodland PlaceH2BR,2BA$2.84
The Vue2 Bedrooms + 2 Bathrooms2BR,2BA$2.84
Mainstreet Duncan Apartments2 Bedroom2BR,1BA$2.20
The Lorraine1 Bed 1 Bath1BR,1BA$3.00
Belmont Place Apartments1 Bedroom, 1 Bath1BR,1BA$2.79
Crossing at BelmontOne Bedroom1BR,1BA$3.03

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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Quick 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.

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Lake Cowichan, BC Rentals by Map

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See the most popular apartments and homes in Lake Cowichan, BC

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Frequently Asked Questions about Cheap Lake Cowichan Apartments

What is the Cheapest Studio apartment in Lake Cowichan?

Currently the most affordable Cheap Studio Apartment in Lake Cowichan is at Drinkwater Place Apartments listed at $1,500.

How much is rent for a Cheap One Bedroom Lake Cowichan Apartment?

The lowest price for a Cheap One Bedroom Lake Cowichan Apartment is $1,680 at Belmont Place Apartments.

What is the lowest price for a Cheap Two Bedroom Lake Cowichan Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Lake Cowichan is starting from $1,650 at Mainstreet Duncan Apartments.

What is the most affordable Lake Cowichan Three Bedroom Apartment?

The best deal on a cheap Lake Cowichan Three Bedroom Apartment rental is at Neighbour and starts from $1,375.

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

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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.