600 Hillcrest Ave
NanaimoBCV9R 3M7
Cheap Apartments for Rent in Nanaimo, BC from $1,250 (25 Rentals)
Search the lowest-cost Apartments available for rent right now in Nanaimo.
450 Irwin St
NanaimoBCV9R 4X9
549 Prideaux St
NanaimoBCV9R 2N8
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Rent Specials
$1,595 - $2,420Studio to 2 Bedroom Apartments Available Now
Summerhill Place
1820 Summerhill PlNanaimo, BC V9S 0C3
901 Is Hwy S
NanaimoBCV9R 6Z2
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$1,625 - $2,370Studio to 2 Bedroom Apartments Available Now
North Point Apartments
6971-6985 Island Highway NNanaimo, BC V9V 0B6
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.
415 Murray St
NanaimoBCV9R 1B6
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Rent Specials
$1,690 - $4,000Studio to 3 Bedroom Apartments Available Now
Rutherford Place Apartments
6020-6040 Linley Valley DrNanaimo, BC V9T 0N8
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$1,300 - $1,6501 to 2 Bedroom Apartments
Parkland House
1500 Boundary CresNanaimo, BC V9S 4N8
501 Sixth St
NanaimoBCV9R 5W6
1480-1480 Boundary Crescent
NanaimoBCV9S 4N8
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$1,450 - $1,775Studio to 2 Bedroom Apartments
St. George Manor
1055 St George CresNanaimo, BC V9S 5N8
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.
550 Bradley St
NanaimoBCV9S 1C1
244-244 Selby St
NanaimoBCV9R 2R3
1595-1595 Boundary Crescent
NanaimoBCV9S 4P1
250-250 Selby St
NanaimoBCV9R 2R3
160-160 Vancouver Ave
NanaimoBCV9S 4E8
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$1,500 - $1,8001 to 2 Bedroom Apartments
Rosedale Manor
4299 Departure Bay RdNanaimo, BC V9T 1C9
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.
119 Haliburton St
NanaimoBCV9R 4V9
430-430 Stewart Ave
NanaimoBCV9S 4C6
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$1,695 - $1,850Studio to 2 Bedroom Apartments
244 Selby St
244 Selby StNanaimo, BC V9R 2R3
6517 Peregrine Rd
NanaimoBCV9V 1V5
3853 W 15th Ave
VancouverBCV6R 3A1
3550 W 39th Ave
VancouverBCV6N 3A5
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.
3615 Georgia St
RichmondBCV7E 2R9
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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 | $1,839 | $1,350 | $4,000 |
| Nanaimo 1 Bedroom Apartments | $2,351 | $1,250 | $7,814 |
| Nanaimo 2 Bedroom Apartments | $2,237 | $1,650 | $2,595 |
| Nanaimo 3 Bedroom Apartments | $2,972 | $2,600 | $3,395 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Top Apartments in Nanaimo
See all Apartments in NanaimoExplore Nanaimo
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 Place priced from $1,595. North Point Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $1,625. Here is today’s list of the most affordable Nanaimo apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Summerhill Place | Bachelor 1825 D | Studio,1BA | $1,595 |
| North Point Apartments | 0 Beds, 1 Baths | Studio,1BA | $1,625 |
| Rutherford Place Apartments | Open Plan One Bedroom | Studio,1BA | $1,690 |
| The Crest | Bachelor A | Studio,1BA | $1,725 |
| Rosedale Manor | 2 Beds, 1 bath | 2BR,1BA | $1,800 |
Best Value Apartments for Rent in Nanaimo, BC
As of September 06, 2026 the best value apartment in the Nanaimo area is the $2.47 price per square foot 2 Bed 2 Bath A Model at Summerhill Village in the starting from $2,350. The second greatest value Nanaimo apartment is the 2 Bed Model at Dover Ridge starting at $2,000 with a $2.26 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. |
|---|---|---|---|
| Summerhill Village | 2 Bed 2 Bath A | 2BR,2BA | $2.47 |
| Dover Ridge | 2 Bed | 2BR,1BA | $2.26 |
| Rosedale Manor | 2 Beds, 1 bath | 2BR,1BA | $2.25 |
| Uplands Terrace Apartments | 1 Beds, 1 Baths | 1BR,1BA | $3.23 |
| Rutherford Place Apartments | Open Plan One Bedroom | Studio ,1BA | $3.16 |
| The Crest | Bachelor A | Studio ,1BA | $3.34 |
| North Point Apartments | 0 Beds, 1 Baths | Studio ,1BA | $3.97 |
| Summerhill Place | Bachelor 1825 D | Studio ,1BA | $4.94 |
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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Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
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.
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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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See the most popular apartments and homes in Nanaimo, BC
Frequently Asked Questions about Cheap Nanaimo Apartments
What is the Cheapest Studio apartment in Nanaimo?
Currently the most affordable Cheap Studio Apartment in Nanaimo is at Summerhill Place listed at $1,595.
How much is rent for a Cheap One Bedroom Nanaimo Apartment?
The lowest price for a Cheap One Bedroom Nanaimo Apartment is $1,815 at North Point Apartments.
What is the lowest price for a Cheap Two Bedroom Nanaimo Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Nanaimo is starting from $1,800 at Rosedale Manor.
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
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.
Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.
Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.
First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.