1255 Grant St
VictoriaBCV8T 1C1
Cheap Homes for Rent in Oak Bay, BC from $1,400 (7 Rentals)
Search the lowest-cost Homes available for rent right now in Oak Bay.
9716 Third St
SidneyBCV8L 3A2
850-850 Rupert Terrace
VictoriaBCV8W 2K2
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.
423 Superior St
VictoriaBCV8V 1T5
646 Admirals Rd
VictoriaBCV9A 2N6
639 Constance Ave
VictoriaBCV9A 6N8
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.
2513 W Trail Ct
SookeBCV9Z 1P3
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Oak Bay, BC Local Guide
How much does it cost to rent a home in Oak Bay?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Oak Bay 2 Bedroom Homes for Rent | $2,702 | $1,800 | $3,500 |
| Oak Bay 3 Bedroom Homes for Rent | $4,500 | $3,000 | $6,000 |
| Oak Bay 4 Bedroom Homes for Rent | $3,500 | $3,500 | $3,500 |
Browse Top Homes for Rent in Oak Bay
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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 $1,550. Elmwood Terrace has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,700. 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 | $1,550 |
| Elmwood Terrace | 1 Bed 1 Bath | 1BR,1BA | $1,700 |
| University Heights | S1 | Studio,1BA | $1,800 |
Best Value Apartments for Rent in Oak Bay, BC and Nearby
As of November 09, 2025 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 $1,550 with a $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 | 1 Bed 1 Bath | 1BR,1BA | $2.72 |
| 1204 Yates Street Apartments | 0 Beds, 1 Baths | Studio ,1BA | $3.88 |
| The Shelley | A1 - Studio | 1BR,1BA | $4.97 |
| University Heights | S1.A | Studio ,1BA | $5.17 |
Apartment Common Area Rules: What Renters Need to Know
From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.
Read Article
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.
Read ArticleThe 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 ArticleQuick Rent Budget Calculator
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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 Oak Bay
What type of rentals are currently available in Oak Bay?
There are currently 165 Apartments for Rent in Oak Bay, BC with pricing that ranges from $1,550 to $4,275. There are also 20 Single Family Homes for rent, Condos, and Townhome rentals currently available in Oak Bay ranging from $1,495 to $6,000.
What is the current price range for Rental Homes in Oak Bay?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Oak Bay ranges from $1,495 to $6,000 with an average monthly rent of $2,861.
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.
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.
How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!
The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Written by: Christine Leonard, Esq.
For many people, obstacles can arise during the rental application process for a variety of issues.