
Cheap Apartments for Rent in Nanaimo, BC from $1,000 (26 Rentals)
Search the lowest-cost Apartments available for rent right now in Nanaimo.


612 Lambert Ave

450 Irwin St

593 5th St

1200 Strathmore St

1801 Hallen Ave
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.

641 Lambert Ave

598 Hillcrest Ave

643 Lambert Ave

Rutherford Place Apartments

12 Rosehill St

Parkland House
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.

649 Farquhar St

St. George Manor

1600 Dufferin Crescent

Highland Place

244-244 Selby St

1480-1480 Boundary Crescent
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.

Tiffany Gardens

Summerhill Village

244 Selby St

1527-1527 Boundary Crescent

3853 W 15th Ave

3550 W 39th Ave
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.

6166 Palahi Rd

9631 Diamond 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 | $1,871 | $1,690 | $2,000 |
| Nanaimo 1 Bedroom Apartments | $1,584 | $1,070 | $1,995 |
| Nanaimo 2 Bedroom Apartments | $2,183 | $1,695 | $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 $1,675. 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 | $1,675 |
| Rutherford Place Apartments | Open Plan One Bedroom | Studio,1BA | $1,690 |
| Summerhill Place | 1 Bed 1 Bath 1820 B | 1BR,1BA | $1,795 |
| North Point Apartments | 1 Beds, 1 Baths | 1BR,1BA | $1,815 |
| Uplands Terrace Apartments | 1 Beds, 1 Baths | 1BR,1BA | $1,900 |
Best Value Apartments for Rent in Nanaimo, BC
As of April 13, 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 $1,815 with a $3.24 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 | $3.24 |
| Rutherford Place Apartments | Furnished Studio Short Term | Studio ,1BA | $3.75 |
| Summerhill Place | 1 Bed 1 Bath 1820 B | 1BR,1BA | $3.38 |
| Summerhill Village | Bachelor A | Studio ,1BA | $5.56 |
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.
Read ArticleDon'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 ArticleThe 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.
Read ArticleCash 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.
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 $1,795 at Summerhill Place.
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 $2,245 at Uplands Terrace 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

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.

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.

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.

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.