
Cheap Apartments for Rent in Nanaimo, BC from $900 (22 Rentals)
Search the lowest-cost Apartments available for rent right now in Nanaimo.


450 Irwin St

641 Lambert Ave

600 Hillcrest Ave

643 Lambert Ave

598 Hillcrest Ave

Summerhill Place
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.

986 Douglas Ave

Rutherford Place Apartments

St. George Manor

Parkland House

1694 King John Way

244-244 Selby St

Highland Place
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.

Rosedale Manor

Summerhill Village

Tiffany Gardens

244 Selby St

250-250 Selby St

3550 W 39th Ave

3853 W 15th Ave
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.

6181 Palahi Rd
Nanaimo, BC Local Guide
How much does it cost to rent an apartment in Nanaimo?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Nanaimo Studio Apartments | $1,938 | $1,580 | $4,000 |
| Nanaimo 1 Bedroom Apartments | $1,633 | $975 | $1,950 |
| Nanaimo 2 Bedroom Apartments | $2,422 | $2,220 | $2,595 |
| Nanaimo 3 Bedroom Apartments | $3,345 | $3,295 | $3,395 |
Browse Top Apartments in Nanaimo
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Nanaimo, BC Local Guide
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Cheapest Available Nanaimo Apartments for Rent
 The cheapest available apartment rental in Nanaimo, BC is a Studio unit found at Summerhill Village priced from $1,625. Rutherford Place Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $1,690. Here is today’s list of the most affordable Nanaimo apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Summerhill Village | Bachelor A | Studio,1BA | $1,625 |
| Rutherford Place Apartments | Open Plan One Bedroom | Studio,1BA | $1,690 |
| North Point Apartments | 1 Beds, 1 Baths | 1BR,1BA | $1,740 |
| Summerhill Place | 1 Bed 1 Bath 1820 B | 1BR,1BA | $1,805 |
| Uplands Terrace Apartments | 1 Beds, 1 Baths | 1BR,1BA | $1,900 |
Best Value Apartments for Rent in Nanaimo, BC
As of June 01, 2026 the best value apartment in the Nanaimo area is the $3.17 price per square foot 1 Beds, 1 Baths Model at Uplands Terrace Apartments in the starting from $1,900. The second greatest value Nanaimo apartment is the 1 Beds, 1 Baths Model at North Point Apartments starting at $1,740 with a $3.11 price per square foot . Here is today’s list of the best values for Nanaimo apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Uplands Terrace Apartments | 1 Beds, 1 Baths | 1BR,1BA | $3.17 |
| North Point Apartments | 1 Beds, 1 Baths | 1BR,1BA | $3.11 |
| Rutherford Place Apartments | Furnished Studio Short Term | Studio ,1BA | $3.75 |
| Summerhill Place | 1 Bed 1 Bath 1820 B | 1BR,1BA | $3.44 |
| St. George Manor | Bachelor | Studio ,1BA | $2.00 |
| Summerhill Village | Bachelor A | Studio ,1BA | $5.40 |
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!
Explore Nanaimo, BC Rentals by Map
See the most popular apartments and homes in Nanaimo, BC
Frequently Asked Questions about Cheap Nanaimo Apartments
How much is rent for a Cheap One Bedroom Nanaimo Apartment?
The lowest price for a Cheap One Bedroom Nanaimo Apartment is $1,740 at North Point Apartments.
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

Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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.