Cheap Apartments for Rent near Nanaimo District, BC from $1,250 (26 Rentals)

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

property at 136 Village Way
$1,450 - $2,400
1 To 3 Bedroom Rentals
Available Now

136 Village Way

Qualicum BeachBCV9K 1L1
property at 901 Is Hwy S
$1,595
1 Bedroom Rentals
Available Now

901 Is Hwy S

NanaimoBCV9R 6Z2

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.

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Parkland House
$1,300 - $1,6501 to 2 Bedroom Apartments

Parkland House

1500 Boundary CresNanaimo, BC V9S 4N8
property at 244-244 Selby St
$1,450 - $1,595
Studio To 1 Bedroom Rentals
Available Oct 1

244-244 Selby St

NanaimoBCV9R 2R3
property at 348 14th St
$1,495 - $1,695
Studio Rentals
Available Sep 15

348 14th St

CourtenayBCV9N 1W2

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.

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Rosedale Manor
$1,500 - $1,8001 to 2 Bedroom Apartments

Rosedale Manor

4299 Departure Bay RdNanaimo, BC V9T 1C9
  • Utilities Included
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Merewood Apartments
$1,640 - $2,600Studio to 2 Bedroom Apartments

Merewood Apartments

411-423 Despard Ave WParksville, BC V9P 0H5
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The Meridian
$1,695 - $2,5851 to 2 Bedroom Apartments

The Meridian

107 Evans StDuncan, BC V9L 1P5
  • Smoke Free

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.

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Forest Glen Manor
$1,695 - $2,3951 to 3 Bedroom Apartments

Forest Glen Manor

4451 Wellington RdNanaimo, BC V9T 2H2
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Highland Place
$1,725 - $1,7501 to 2 Bedroom Apartments

Highland Place

2600 Highland BlvdNanaimo, BC V9S 3N3
  • Utilities Included
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Dover Ridge
$1,750 - $2,3001 to 3 Bedroom Apartments

Dover Ridge

6330 McRobb AveNanaimo, BC V9V 0A7
  • Smoke Free
property at 618 Morison Ave
$1,750 - $2,895
1 To 3 Bedroom Rentals
Available Oct 1

618 Morison Ave

ParksvilleBCV9P 1G3

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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Pacific Manor
$1,9002 Bedroom Apartments

Pacific Manor

169 Moilliet St SParksville, BC V9P 1N2
  • Utilities Included

Nanaimo District, BC Local Guide

Cheapest Available Nanaimo District Apartments for Rent and Nearby

 

The cheapest available apartment rental in Nanaimo District, BC is a Studio unit found at North Point Apartments 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 District apartments for rent:

Apartment ListingModel NameBed/BathPriced From
North Point ApartmentsStudioStudio,1BA$1,625
Rutherford Place ApartmentsOpen Plan One BedroomStudio,1BA$1,690
The Meridian1 Bed, 1 bath1BR,1BA$1,695
Rosedale Manor2 Beds, 1 bath2BR,1BA$1,800
Merewood Apartments1 Bedroom, 1 Bath1BR,1BA$1,880
Uplands Terrace Apartments1 Bedroom1BR,1BA$1,935
Dover Ridge2 Bed2BR,1BA$2,000
Summerhill Place2 Bed 2 Bath 1820 B2BR,2BA$2,350
Summerhill Village2 Bed 2 Bath A2BR,2BA$2,350

Best Value Apartments for Rent in Nanaimo District, BC and Nearby

As of September 13, 2026 the best value apartment in the Nanaimo District 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 District 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 District apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Summerhill Village2 Bed 2 Bath A2BR,2BA$2.47
Dover Ridge2 Bed2BR,1BA$2.26
Rosedale Manor2 Beds, 1 bath2BR,1BA$2.25
The Meridian1 Bedroom + Office/2 Bath1BR,2BA$3.09
Merewood Apartments2 Bedroom, 2 Bath2BR,2BA$3.52
Uplands Terrace Apartments1 Bedroom1BR,1BA$3.23
Rutherford Place ApartmentsOpen Plan One BedroomStudio ,1BA$3.16
North Point ApartmentsStudioStudio ,1BA$3.97

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.

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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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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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Nanaimo District, BC Area Reviews

  • Parks
  • Entertainment
  • Local Vibes
  • Restaurants
  • Location
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  • Cost of Living
  • Safety

Candy4+ years in Nanaimo District

February 25, 2025

There is a nice waterpark and an elementary school. Downtown is a fairly short walk to Port Place Mall and the water front. Rental prices have increased dramatically however and with that a big rise in homelessness.

Frequently Asked Questions about Cheap Nanaimo District Apartments

How much is rent for a Cheap One Bedroom Nanaimo District Apartment?

The lowest price for a Cheap One Bedroom Nanaimo District Apartment is $1,695 at The Meridian.

What is the lowest price for a Cheap Two Bedroom Nanaimo District Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Nanaimo District 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

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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.

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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.

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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.

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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.