Cheap Apartments for Rent in Nanaimo, BC from $900 (22 Rentals)

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

property at 641 Lambert Ave

$1,365 - $1,575

1 Bedroom Rentals

Available Now

641 Lambert Ave

NanaimoBCV9R 3N9

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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St. George Manor
$1,000 - $1,775Studio to 2 Bedroom Apartments

St. George Manor

1055 St George CresNanaimo, BC V9S 5N8
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Parkland House
$1,300 - $1,6501 to 2 Bedroom Apartments

Parkland House

1500 Boundary CresNanaimo, BC V9S 4N8
property at 1694 King John Way

$1,300 - $1,850

Studio To 2 Bedroom Rentals

Available Now

1694 King John Way

NanaimoBCV9T 1H6
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Highland Place
$1,550 - $2,3401 to 2 Bedroom Apartments

Highland Place

2600 Highland BlvdNanaimo, BC V9S 3N3
  • Utilities Included

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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Rosedale Manor
$1,550 - $1,7501 to 2 Bedroom Apartments

Rosedale Manor

4299 Departure Bay RdNanaimo, BC V9T 1C9
  • Utilities Included
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Summerhill Village
$1,625Studio to 2 Bedroom Apartments

Summerhill Village

1680-1690 Townsite RdNanaimo, BC V9S 1N2
  • Utilities Included
  • Smoke Free
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Tiffany Gardens
$1,625 - $1,9001 to 2 Bedroom Apartments

Tiffany Gardens

3326 Rock City RdNanaimo, BC V9T 3H6
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244 Selby St
$1,695 - $1,850Studio to 2 Bedroom Apartments

244 Selby St

244 Selby StNanaimo, BC V9R 2R3
property at 3550 W 39th Ave

$1,000 - $1,050

6 Bedroom Rentals

Available Now

3550 W 39th Ave

VancouverBCV6N 3A5
property at 3853 W 15th Ave

$900 - $1,000

6 To 8 Bedroom Rentals

Available Now

3853 W 15th Ave

VancouverBCV6R 3A1

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.

Nanaimo, BC Local Guide

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 ListingModel NameBed/BathPriced From
Summerhill VillageBachelor AStudio,1BA$1,625
Rutherford Place ApartmentsOpen Plan One BedroomStudio,1BA$1,690
North Point Apartments1 Beds, 1 Baths1BR,1BA$1,740
Summerhill Place1 Bed 1 Bath 1820 B1BR,1BA$1,805
Uplands Terrace Apartments1 Beds, 1 Baths1BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
Uplands Terrace Apartments1 Beds, 1 Baths1BR,1BA$3.17
North Point Apartments1 Beds, 1 Baths1BR,1BA$3.11
Rutherford Place ApartmentsFurnished Studio Short TermStudio ,1BA$3.75
Summerhill Place1 Bed 1 Bath 1820 B1BR,1BA$3.44
St. George ManorBachelorStudio ,1BA$2.00
Summerhill VillageBachelor AStudio ,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.

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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

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!

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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

decorative image for Neighborhood and Market Insights: How to Choose the Right Area to Rent   article

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.

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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.

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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.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

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.