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Cheap Apartments for Rent in Oak Bay, BC from C$1,500 (37 Rentals)
Search the lowest-cost Apartments available for rent right now in Oak Bay.
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Rent Specials
C$1,800 - C$4,275Studio to 3 Bedroom Apartments Available Now
University Heights
1520 McKenzie AveVictoria, BC V8N 3B7
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C$1,950 - C$3,2001 to 2 Bedroom Apartments Available Sep 1
The Shelley
3949 Shelbourne StSaanich, BC V8P 4J2
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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.
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The 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.
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Cash 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.
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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.
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Showing Results 1-37, Page 1 of 1
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 | C$1,915 | C$1,550 | C$2,175 |
| Oak Bay 1 Bedroom Apartments | C$2,487 | C$1,950 | C$2,910 |
| Oak Bay 2 Bedroom Apartments | C$3,572 | C$2,800 | C$3,800 |
| Oak Bay 3 Bedroom Apartments | C$5,193 | C$4,175 | C$9,090 |
Browse Top Apartments in Oak Bay
See all Apartments in Oak BayExplore Oak Bay
Oak Bay, BC Local Guide
- Nearby Cities
Cheapest Available Oak Bay Apartments for Rent and Nearby
The cheapest available apartment rental in Oak Bay, BC is a Studio unit found at 1204 Yates Street Apartments priced from C$1,550. University Heights has the second lowest priced unit, which is a Studio apartment currently listed from C$1,800. Here is today’s list of the most affordable Oak Bay apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 1204 Yates Street Apartments | 0 Beds, 1 Baths | Studio,1BA | C$1,550 |
| University Heights | S1 | Studio,1BA | C$1,800 |
| Elmwood Terrace | 2 Bed 1 Bath | 2BR,1BA | C$2,100 |
Best Value Apartments for Rent in Oak Bay, BC and Nearby
As of August 24, 2025 the best value apartment in the Oak Bay area is the C$2.21 price per square foot 2 Bed 1 Bath Model at Elmwood Terrace in the starting from C$2,100. The second greatest value Oak Bay apartment is the 0 Beds, 1 Baths Model at 1204 Yates Street Apartments starting at C$1,550 with a C$3.88 price per square foot . Here is today’s list of the best values for Oak Bay apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Elmwood Terrace | 2 Bed 1 Bath | 2BR,1BA | C$2.21 |
| 1204 Yates Street Apartments | 0 Beds, 1 Baths | Studio ,1BA | C$3.88 |
| University Heights | S1.A | Studio ,1BA | C$5.17 |
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See the most popular apartments and homes in Oak Bay, BC
Frequently Asked Questions about Cheap Oak Bay Apartments
What is the Cheapest Studio apartment in Oak Bay?
Currently the most affordable Cheap Studio Apartment in Oak Bay is at 1204 Yates Street Apartments listed at C$1,550.
How much is rent for a Cheap One Bedroom Oak Bay Apartment?
The lowest price for a Cheap One Bedroom Oak Bay Apartment is C$1,895 at 1204 Yates Street Apartments.
What is the lowest price for a Cheap Two Bedroom Oak Bay Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Oak Bay is starting from C$2,100 at Elmwood Terrace.
What is the most affordable Oak Bay Three Bedroom Apartment?
The best deal on a cheap Oak Bay Three Bedroom Apartment rental is at University Heights and starts from C$4,175.
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.
The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Written by: Christine Leonard, Esq.
Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.
Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Written by: Christine Leonard, Esq.
Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.
The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.