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1 to 2 Bedroom Apartments
Oak Bay Beach Residences
1175 Beach DrOak Bay, BC V8S 3A8
Cheap Apartments for Rent in Oak Bay, BC from $1,400 (37 Rentals)
Search the lowest-cost Apartments available for rent right now in Oak Bay.
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1 to 2 Bedroom Apartments
The Clive
1510 Clive DrOak Bay, BC V8R 1G7
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1 Bedroom Apartments
2013 Oak Bay Ave
2013 Oak Bay AveOak Bay, BC V8R 1E5
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Rent Specials
$1,850 - $4,275Studio to 3 Bedroom Apartments Available Now
University Heights
1520 McKenzie AveVictoria, BC V8N 3B7
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$1,600 - $2,8001 to 2 Bedroom Apartments Available Now
The Shelley
3949 Shelbourne StSaanich, BC V8P 4J2
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Rent Specials
$1,700 - $1,9001 Bedroom Apartments Available Now
Elmwood Terrace
1399 Stanley AveVictoria, BC V8S 3S5
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$1,475Studio to 2 Bedroom Apartments
1204 Yates Street Apartments
1204 Yates StVictoria, BC V8V 4V1
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$1,980Studio to 1 Bedroom Apartments
Island Manor Apartments
1855 Fort StVictoria, BC V8R 1J9
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1 to 3 Bedroom Apartments
Bellwood Park
1201 Fort StVictoria, BC V8V 3L1
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.
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$2,150 - $4,0001 to 3 Bedroom Apartments
Belmont
1035 Belmont AveVictoria, BC V8S 3T5
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Studio to 2 Bedroom Apartments
The Row
1154 Johnson StVictoria, BC V8V 3N8
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$1,4001 to 2 Bedroom Apartments
1050 Pemberton
1050 Pemberton RdVictoria, BC V8S 3R6
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$2,2001 to 2 Bedroom Apartments
Wellington Manor
1670 Fort StVictoria, BC V8R 1H9
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Studio Apartments
Tuscany Village
1620-1638 Mckenzie AveSaanich, BC V8N 1A5
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$1,5502 Bedroom Apartments
Shelbourne Apartments
3820 Shelbourne StSaanich, BC V8P 4H5
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Studio Apartments
Stadacona
1510-1564 Fort StVictoria, BC V8S 5J2
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1 to 2 Bedroom Apartments
Chartwell House
1343 Harrison StVictoria, BC V8S 1Z9
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Studio Apartments
Maddison
1082-1084 Richmond AveVictoria, BC V8S 3Z5
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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1 to 2 Bedroom Apartments
Fifteen88
1588 N Dairy RdVictoria, BC V8T 3V4
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1 to 3 Bedroom Apartments
The Affinity
4024 Shelbourne StSaanich, BC V8N 3E2
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Studio Apartments
Central Manor
1230 Fort StVictoria, BC V8V 3L2
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Studio Apartments
1249 Fort St
1249 Fort StVictoria, BC V8V 3L3
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Studio Apartments
1234 Fort St
1234 Fort StVictoria, BC V8V 3L2
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3 Bedroom Apartments
1712-1720 Fairfield Rd
1712-1720 Fairfield RdVictoria, BC V8S 1G3
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1 to 3 Bedroom Apartments
Willows Beach
2707 Estevan AveVictoria, BC V8R 2T5
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1 Bedroom Apartments
The Rockland
1033 Belmont AveVictoria, BC V8S 3T5
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Studio Apartments
Forest Hillls
1516-1518 Pandora AveVictoria, BC V8R 1A8
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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Studio Apartments
2580 Penrhyn St
2580 Penrhyn StSaanich, BC V8N 1G3
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Studio Apartments
1593 Begbie St
1593 Begbie StVictoria, BC V8R 1K9
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1 Bedroom Apartments
1265 Grant St
1265 Grant StVictoria, BC V8T 1C1
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Studio Apartments
Bristol Apartments
1138 View StVictoria, BC V8V 3M1
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Studio Apartments
Terraces
1635 Oak Bay AveVictoria, BC V8R 1B3
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1 to 2 Bedroom Apartments
Denman Manor Apartments
1255 Denman StVictoria, BC V8T 1L6
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Studio to 2 Bedroom Apartments
The Stanley
340 Linden AveVictoria, BC V8V 4E9
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Studio Apartments
1225 Fort St
1225 Fort StVictoria, BC V8V 4R2
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1 Bedroom Apartments
1165 Meares St
1165 Meares StVictoria, BC V8V 3J9
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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1 to 3 Bedroom Apartments
1148 Oscar St
1148 Oscar StVictoria, BC V8V 2X4
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 | $2,062 | $1,900 | $2,165 |
| Oak Bay 1 Bedroom Apartments | $2,377 | $1,700 | $2,910 |
| Oak Bay 2 Bedroom Apartments | $3,586 | $2,800 | $3,800 |
| Oak Bay 3 Bedroom Apartments | $4,216 | $4,175 | $4,275 |
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 $1,475. The Shelley has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,600. 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 | $1,475 |
| The Shelley | C2 - 2 Bed | 2BR,2BA | $1,600 |
| Elmwood Terrace | 1 Bed 1 Bath | 1BR,1BA | $1,700 |
| University Heights | S1 | Studio,1BA | $1,850 |
Best Value Apartments for Rent in Oak Bay, BC and Nearby
As of January 23, 2026 the best value apartment in the Oak Bay area is the $2.72 price per square foot 1 Bed 1 Bath Model at Elmwood Terrace in the starting from $1,700. The second greatest value Oak Bay apartment is the 0 Beds, 1 Baths Model at 1204 Yates Street Apartments starting at $1,475 with a $3.69 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 | 1 Bed 1 Bath | 1BR,1BA | $2.72 |
| 1204 Yates Street Apartments | 0 Beds, 1 Baths | Studio ,1BA | $3.69 |
| The Shelley | A1 - Studio | 1BR,1BA | $4.53 |
| University Heights | S1.A | Studio ,1BA | $5.71 |
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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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.
Read ArticleCash 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.
Read ArticleQuick 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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Explore Oak Bay, BC Rentals by Map
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 $1,475.
How much is rent for a Cheap One Bedroom Oak Bay Apartment?
The lowest price for a Cheap One Bedroom Oak Bay Apartment is $1,700 at Elmwood Terrace.
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 $1,600 at The Shelley.
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 $4,175.
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
18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.
A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.
Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.
Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.