Cheap Apartments for Rent in Oak Bay, BC from C$1,500 (36 Rentals)

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Search the lowest-cost Apartments available for rent right now in Oak Bay.

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The Clive
1 to 2 Bedroom Apartments

The Clive

1510 Clive DrOak Bay, BC V8R 1G7
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2013 Oak Bay Ave
1 Bedroom Apartments

2013 Oak Bay Ave

2013 Oak Bay AveOak Bay, BC V8R 1E5
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1204 Yates St
Studio to 2 Bedroom Apartments

1204 Yates St

1204 Yates StVictoria, BC V8V 4V1
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1855 Fort St
Studio to 1 Bedroom Apartments

1855 Fort St

1855 Fort StVictoria, BC V8R 1J9
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Stadacona
Studio Apartments

Stadacona

1510-1564 Fort StVictoria, BC V8S 5J2
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Bellwood Park
1 to 3 Bedroom Apartments

Bellwood Park

1201 Fort StVictoria, BC V8V 3L1

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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Belmont
1 to 3 Bedroom Apartments

Belmont

1035 Belmont AveVictoria, BC V8S 3T5
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The Row
Studio to 2 Bedroom Apartments

The Row

1154 Johnson StVictoria, BC V8V 3N8
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Fifteen88
1 to 2 Bedroom Apartments

Fifteen88

1588 N Dairy RdVictoria, BC V8T 3V4
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Maddison
Studio Apartments

Maddison

1082-1084 Richmond AveVictoria, BC V8S 3Z5
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Chartwell House
1 to 2 Bedroom Apartments

Chartwell House

1343 Harrison StVictoria, BC V8S 1Z9
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Elmwood Terrace
1 to 2 Bedroom Apartments

Elmwood Terrace

1399 Stanley AveVictoria, BC V8S 3S5
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1050 Pemberton
1 to 2 Bedroom Apartments

1050 Pemberton

1050 Pemberton RdVictoria, BC V8S 3R6
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1249 Fort St
Studio Apartments

1249 Fort St

1249 Fort StVictoria, BC V8V 3L3

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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The Affinity
1 to 3 Bedroom Apartments

The Affinity

4024 Shelbourne StSaanich, BC V8N 3E2
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Central Manor
Studio Apartments

Central Manor

1230 Fort StVictoria, BC V8V 3L2
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1234 Fort St
Studio Apartments

1234 Fort St

1234 Fort StVictoria, BC V8V 3L2
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Tuscany Village
Studio Apartments

Tuscany Village

1620-1638 Mckenzie AveSaanich, BC V8N 1A5
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Willows Beach
1 to 3 Bedroom Apartments

Willows Beach

2707 Estevan AveVictoria, BC V8R 2T5
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The Rockland
1 Bedroom Apartments

The Rockland

1033 Belmont AveVictoria, BC V8S 3T5
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Forest Hillls
Studio Apartments

Forest Hillls

1516-1518 Pandora AveVictoria, BC V8R 1A8
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2580 Penrhyn St
Studio Apartments

2580 Penrhyn St

2580 Penrhyn StSaanich, BC V8N 1G3

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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1593 Begbie St
Studio Apartments

1593 Begbie St

1593 Begbie StVictoria, BC V8R 1K9
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Terraces
Studio Apartments

Terraces

1635 Oak Bay AveVictoria, BC V8R 1B3
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1265 Grant St
1 Bedroom Apartments

1265 Grant St

1265 Grant StVictoria, BC V8T 1C1
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340 Linden Ave
Studio to 1 Bedroom Apartments

340 Linden Ave

340 Linden AveVictoria, BC V8V 4E9
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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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1225 Fort St
Studio Apartments

1225 Fort St

1225 Fort StVictoria, BC V8V 4R2
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1165 Meares St
1 Bedroom Apartments

1165 Meares St

1165 Meares StVictoria, BC V8V 3J9
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1148 Oscar St
1 to 3 Bedroom Apartments

1148 Oscar St

1148 Oscar StVictoria, BC V8V 2X4

Oak Bay, BC Local Guide

Cheapest Available Oak Bay Apartments for Rent and Nearby

 
Apartment ListingModel NameBed/BathPriced From
1204 Yates Street Apartments0 Beds, 1 BathsStudio,1BAC$1,550
Belmont1 Bed 1 Bath1BR,1BAC$2,400

Best Value Apartments for Rent in Oak Bay, BC and Nearby

As of June 22, 2025 the best value apartment in the Oak Bay area is the C$2.53 price per square foot 1 Bed 1 Bath Model at Belmont in the starting from C$2,400. 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Belmont1 Bed 1 Bath1BR,1BAC$2.53
1204 Yates Street Apartments0 Beds, 1 BathsStudio ,1BAC$3.88

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.

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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.

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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.

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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.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.