
Cheap Homes for Rent in Nanaimo, BC from C$1,500 (14 Rentals)
Search the lowest-cost Homes available for rent right now in Nanaimo.


3550 W 39th Ave

501 Sixth St

138 Moilliet St
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.

1527 Boundary Crescent

2280 McMullen Ave

1595 Boundary Crescent

1480-1480 Boundary Crescent

1808 4th Av W

8151 Ryan Rd

5911 Alderbridge Way

667 Sixth St

164-2164 Alberni Hwy

6040 Christina Rd
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.
Nanaimo, BC Local Guide
How much does it cost to rent a home in Nanaimo?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Nanaimo 2 Bedroom Homes for Rent | C$2,729 | C$1,795 | C$5,400 |
Nanaimo 3 Bedroom Homes for Rent | C$3,000 | C$2,600 | C$3,300 |
Nanaimo 4 Bedroom Homes for Rent | C$4,923 | C$4,500 | C$5,800 |
Nanaimo 5 Bedroom Homes for Rent | C$3,850 | C$3,850 | C$3,850 |
Nanaimo 6 Bedroom Homes for Rent | C$19,000 | C$10,000 | C$10,000 |
Browse Top Homes for Rent in Nanaimo
Explore Nanaimo
Nanaimo, BC Local Guide
- Nearby Cities
Cheapest Available Nanaimo Apartments for Rent
 The cheapest available apartment rental in Nanaimo, BC is a 1 Bed unit found at 244 Selby St priced from C$1,595. North Point Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from C$1,670. Here is today’s list of the most affordable Nanaimo apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
244 Selby St | 1 Beds, 1 Baths | 1BR,1BA | C$1,595 |
North Point Apartments | 1 Beds, 1 Baths | 1BR,1BA | C$1,670 |
Summerhill Place | 1 Bed 1 Bath 1820 A | 1BR,1BA | C$1,850 |
Uplands Terrace Apartments | 2 Beds, 2 Baths | 2BR,2BA | C$2,330 |
Best Value Apartments for Rent in Nanaimo, BC
As of September 29, 2025 the best value apartment in the Nanaimo area is the C$2.67 price per square foot 2 Beds, 2 Baths Model at Uplands Terrace Apartments in the starting from C$2,330. The second greatest value Nanaimo apartment is the 1 Bed 1 Bath 1825 D Model at Summerhill Place starting at C$1,950 with a C$3.34 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 | 2 Beds, 2 Baths | 2BR,2BA | C$2.67 |
Summerhill Place | 1 Bed 1 Bath 1825 D | 1BR,1BA | C$3.34 |
North Point Apartments | 1 Beds, 1 Baths | 1BR,1BA | C$2.98 |
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.
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 Nanaimo
What type of rentals are currently available in Nanaimo?
There are currently 44 Apartments for Rent in Nanaimo, BC with pricing that ranges from C$975 to C$2,500. There are also 31 Single Family Homes for rent, Condos, and Townhome rentals currently available in Nanaimo ranging from C$1,550 to C$19,000.
What is the current price range for Rental Homes in Nanaimo?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Nanaimo ranges from C$1,550 to C$19,000 with an average monthly rent of C$5,882.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.

Kansas Citys Major Employers & the Best Places to Rent Near Them | A Local Expert Guide
Written by: Amber Kanuckel
Hey, there! I’m Amber, your ApartmentHomeLiving.com local expert for Kansas City, and I’m back with my recommendations for top employers in the area.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!

The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Written by: Christine Leonard, Esq.
For many people, obstacles can arise during the rental application process for a variety of issues.