
2 Bedroom Apartments for Rent in Oak Bay, BC (53 Rentals)


The Clive

Total Monthly Price
University Heights

Total Monthly Price
The Shelley

1850 Newton St

3008 Dornier Road

10016 Third St

2490 Tanner Rd

409-655 Goldstream Ave

777 Herald St
Renting with Roommates: Realistic Expectations for Shared Lease
Sharing a lease? Learn how to set clear expectations with your roommates on routines, bills, and cleaning to ensure a successful and peaceful shared living arrangement.

Wellington Manor

Pacific Shores

Elmwood Terrace

Belmont

The Row

Bellwood Park

1050 Pemberton

1204 Yates Street Apartments

Rockmeare Manor Apartments

Shelbourne Apartments
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Ocean View Terrace Apartments

515 Foul Bay Rd

2590 Penrhyn St

Cordon Place

The Chalet Apartments

Grenadier Manor

1531 on the Park

El Camino

Royal Arms Apartments

St Margarets Apartments
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Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

Rockland Apartments

Chartwell House

Somerset Place Apartments

Ashwood Park

1148 Oscar St

Fifteen88

1585 Oak Bay Ave

1146 Caledonia Ave

The Affinity

Wedgewood Terrace
Renting Smart: Lease Basics Every Renter Needs
Demystify Your Rental Lease. Learn the basics about renting, deposits, and tenant/landlord responsibilities. Rent smart and avoid surprises. | Renter University at ApartmentHomeLiving.com

Fern Street Apartments

Denman Manor Apartments

1527 Fort St

The Stanley

Bellwood Place

2170 Haultain St

The Junction

The Victorian

Emerald Green Apartments

Chateau Diane
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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.
Oak Bay, BC Local Guide
How much does it cost to rent an apartment in Oak Bay?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Oak Bay Studio Apartments | $2,033 | $1,580 | $2,155 |
| Oak Bay 1 Bedroom Apartments | $2,650 | $1,900 | $2,910 |
| Oak Bay 2 Bedroom Apartments | $2,694 | $1,550 | $3,725 |
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Oak Bay, BC Local Guide
- Nearby Cities
Largest Available Oak Bay and Nearby 2 Bedroom Apartments
The largest available 2 Bedroom apartment unit in Oak Bay, BC is found at Ocean View Terrace Apartments and is 1,140 square feet . Rockmeare Manor Apartments has the second largest 2 Bedroom, which is sized at 900 square feet and currently listed start at $2,490. Here is today’s list of the largest available 2 Bedroom units in Oak Bay:
| Apartment Listing | Model Name | Square Footage | Priced From |
|---|---|---|---|
| Ocean View Terrace Apartments | 2 Bedroom | 1,140 Sq Ft | Call for Rates |
| Rockmeare Manor Apartments | 2 Bed | 900 Sq Ft | $2,490 |
| The Shelley | C2 - 2 Bed | 866 Sq Ft | $1,550 |
| University Heights | B3.B | 779 Sq Ft | $3,500 |
Cheapest Available Oak Bay and Nearby 2 Bedroom Apartments
As of June 23, 2026 the lowest priced 2 Bedroom apartment unit in Oak Bay, BC is the C3 - 2 Bed Model starting from $1,550 at The Shelley . The second most affordable Oak Bay 2 Bedroom is the 2 Bed Model at Rockmeare Manor Apartments starting at $2,490 . The average price for all 2 Bedroom apartments in Oak Bay is currently $2,694. Here is today’s list of the cheapest available 2 Bedroom options in Oak Bay:
| Apartment Listing | Model Name | Priced From |
|---|---|---|
| The Shelley | C3 - 2 Bed | $1,550 |
| Rockmeare Manor Apartments | 2 Bed | $2,490 |
| University Heights | B3 | $3,500 |
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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Remember the 3 Rules of Real Estate:Location, Location, Location!
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See the most popular apartments and homes in Oak Bay, BC
Frequently Asked Questions about 2 Bedroom Oak Bay Apartments
What is the Cheapest apartment in Oak Bay with 2 Bedroom?
Currently the most affordable 2 Bedroom in Oak Bay is at The Shelley listed at $1,550.
How much is the average rent for a 2 Bedroom Oak Bay Apartment?
The average rent for a 2 Bedroom Apartment in Oak Bay is $2,694.
What is the largest available 2 Bedroom Oak Bay Apartment for rent?
Today's apartment with the most square footage in Oak Bay is a 1,140 square feet unit at Ocean View 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

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There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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.