Cheap Apartments for Rent near Lake Cowichan, BC from $1,100 (45 Rentals)

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

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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University Heights
Rent Specials
$1,850 - $3,725
Total Monthly Price

Total Monthly Price

Base Rent
$1,850 - $3,725
Total Monthly Price
$1,850 - $3,725
Studio to 3 Bedroom Apartments Available Now

University Heights

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

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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Mainstreet Duncan Apartments
$1,550 - $1,6501 to 2 Bedroom Apartments

Mainstreet Duncan Apartments

5801 Alderlea StDuncan, BC V9L 3V4
  • Utilities Included
  • Smoke Free

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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Aquarius Apartments
$1,600 - $2,200Studio to 2 Bedroom Apartments

Aquarius Apartments

215 Oswego StVictoria, BC V8V 2B5
  • Utilities Included
  • Smoke Free
property at 2629 Millstream Rd

$1,650 - $2,150

Studio To 1 Bedroom Rentals

Available Now

2629 Millstream Rd

VictoriaBCV9B 3R8
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The Meridian
$1,695 - $2,5851 to 2 Bedroom Apartments

The Meridian

107 Evans StDuncan, BC V9L 1P5
  • Smoke Free
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Elmwood Terrace
$1,700 - $2,3001 to 2 Bedroom Apartments

Elmwood Terrace

1399 Stanley AveVictoria, BC V8S 3S5
  • Utilities Included

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 Wilson Block
$1,800 - $2,500Studio to 2 Bedroom Apartments

The Wilson Block

536 Herald StVictoria, BC V8W 1S6
  • Smoke Free
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The James
$1,910 - $4,600Studio to 2 Bedroom Apartments

The James

345 Quebec StVictoria, BC V8V 1W4
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The Lorraine
$1,950 - $3,8001 to 3 Bedroom Apartments

The Lorraine

747 Russell StVictoria, BC V9A 3X7

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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Showing Results 1-45, 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 4 Beds unit found at Neighbour priced from $1,300. 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
NeighbourD14BR,3BA$1,300
Drinkwater Place ApartmentsStudio/ 1 BathStudio,1BA$1,500
Mainstreet Duncan Apartments1 Bedroom1BR,1BA$1,550
Bray Park ApartmentsStudio/ 1 BathStudio,1BA$1,584
MarakaiA1 - StudioStudio,1BA$1,649
Belmont Place Apartments1 Bedroom, 1 Bath1BR,1BA$1,680
Rutherford Place ApartmentsOpen Plan One BedroomStudio,1BA$1,690
Hudson HouseA2 - StudioStudio,1BA$1,695
Elmwood Terrace1 bed plus den1BR,1BA$1,700
Aquarius Apartments1 BR + 1 BA1BR,1BA$1,700

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

As of July 22, 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 Two Bedroom Two Bathroom Plus Den Model at West Summit starting at $3,300 with a $2.83 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
West SummitTwo Bedroom Two Bathroom Plus Den2BR,2BA$2.83
OVIS OneA22BR,2BA$2.72
Christie Point3 Bedroom + 2 Bath3BR,2BA$2.71
Braywood Place Apartments2 Bed/ 2 Bath2BR,2BA$2.52
The Vue2 Bedrooms + 2 Bathrooms2BR,2BA$2.72
The Wilson BlockStudioStudio ,1BA$2.37
Elmwood Terrace1 Bed 1 Bath1BR,1BA$2.79
Belmont Place Apartments1 Bedroom, 1 Bath1BR,1BA$2.79
Mainstreet Duncan Apartments1 Bedroom1BR,1BA$2.67

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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Real 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.

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Quick Rent Budget Calculator

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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 $1,550 at Mainstreet Duncan 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 $1,895 at Queens Garden 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 Drinkwater Place Apartments and starts from $2,400.

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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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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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.

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

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.