3853 W 15th Ave
VancouverBCV6R 3A1
Cheap Homes for Rent in Nanaimo, BC from $1,000 (9 Rentals)
Search the lowest-cost Homes available for rent right now in Nanaimo.
3550 W 39th Ave
VancouverBCV6N 3A5
3615 Georgia St
RichmondBCV7E 2R9
1694 King John Way
NanaimoBCV9T 1H6
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.
244-244 Selby St
NanaimoBCV9R 2R3
238-238 Selby St
NanaimoBCV9R 2R3
501 Sixth St
NanaimoBCV9R 5W6
430-430 Stewart Ave
NanaimoBCV9S 4C6
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.
250-250 Selby St
NanaimoBCV9R 2R3
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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 | $2,352 | $1,795 | $4,499 |
| Nanaimo 3 Bedroom Homes for Rent | $2,316 | $1,000 | $2,900 |
| Nanaimo 4 Bedroom Homes for Rent | $2,875 | $2,500 | $3,250 |
| Nanaimo 5 Bedroom Homes for Rent | $9,100 | $3,200 | $10,000+ |
| Nanaimo 6 Bedroom Homes for Rent | $1,000 | $1,000 | $1,000 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
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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 St. George Manor priced from $1,000. Summerhill Village 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 |
|---|---|---|---|
| St. George Manor | Bachelor | Studio,1BA | $1,000 |
| Summerhill Village | Bachelor A | Studio,1BA | $1,625 |
| Rutherford Place Apartments | Open Plan One Bedroom | Studio,1BA | $1,690 |
Best Value Apartments for Rent in Nanaimo, BC
As of June 08, 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 | $3.44 |
| 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 Article
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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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 $975 to $4,000. There are also 38 Single Family Homes for rent, Condos, and Townhome rentals currently available in Nanaimo ranging from $1,000 to $15,000.
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 $1,000 to $15,000 with an average monthly rent of $3,394.
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
Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.
Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.
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.