Cheap Apartments for Rent in Salt Spring Island, BC from $1,200 (65 Rentals)

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Search the lowest-cost Apartments available for rent right now in Salt Spring Island.

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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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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University Heights
Rent Specials
$1,850 - $4,200
Total Monthly Price

Total Monthly Price

Base Rent
$1,850 - $4,200
Total Monthly Price
$1,850 - $4,200
Studio to 3 Bedroom Apartments Available Now

University Heights

3980 Shelbourne StVictoria, BC V8N 6J1
Student Housing
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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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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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property at 501 Sixth St

$1,595

1 Bedroom Rentals

Available Now

501 Sixth St

NanaimoBCV9R 5W6
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Aquarius Apartments
$1,600 - $2,000Studio to 2 Bedroom Apartments

Aquarius Apartments

215 Oswego StVictoria, BC V8V 2B5
  • Utilities Included
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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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Salt Spring Island, BC Local Guide

Cheapest Available Salt Spring Island Apartments for Rent and Nearby

 

The cheapest available apartment rental in Salt Spring Island, BC is a 5 Beds unit found at Neighbour priced from $1,275. Drinkwater Place Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $1,500. Here is today’s list of the most affordable Salt Spring Island apartments for rent:

Apartment ListingModel NameBed/BathPriced From
NeighbourE45BR,3BA$1,275
Drinkwater Place ApartmentsStudio/ 1 BathStudio,1BA$1,500
Cedartree Village1 bedroom1BR,1BA$1,525
Mainstreet Victoria Garden ApartmentsBachelorStudio,1BA$1,550
Bray Park ApartmentsStudio/ 1 BathStudio,1BA$1,584
Glades on 551 Bed 1 Bath A1BR,1BA$1,635
MarakaiA2 - StudioStudio,1BA$1,649
Mainstreet Duncan Apartments2 Bedroom2BR,1BA$1,650
Hudson HouseA2 - StudioStudio,1BA$1,675
Colwood CornersA- Building 2&3Studio,1BA$1,675

Best Value Apartments for Rent in Salt Spring Island, BC and Nearby

As of March 16, 2026 the best value apartment in the Salt Spring Island area is the $2.24 price per square foot Townhouse - Type C Model at Wadams Farm in the starting from $3,100. The second greatest value Salt Spring Island apartment is the 3bedroom Model at Century Village starting at $2,450 with a $2.72 price per square foot . Here is today’s list of the best values for Salt Spring Island apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Wadams FarmTownhouse - Type C3BR,3BA$2.24
Century Village3bedroom3BR,1BA$2.72
Village at Thunderbird CentreTwo Bedroom2BR,2BA$2.64
Langara GardensGarden ONE BEDROOM1BR,1BA$2.20
Mainstreet Duncan Apartments2 Bedroom2BR,1BA$2.20
Panorama Crossing1 Bedroom1BR,1BA$2.80
Glades on 551 Bed 1 Bath A1BR,1BA$2.68
Elmwood Terrace1 Bed 1 Bath1BR,1BA$2.79
Belmont Place Apartments1 Bedroom, 1 Bath1BR,1BA$2.79
Cedartree Village1 bedroom1BR,1BA$2.61

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.

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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 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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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Salt Spring Island, BC Rentals by Map

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Frequently Asked Questions about Cheap Salt Spring Island Apartments

What is the Cheapest Studio apartment in Salt Spring Island?

Currently the most affordable Cheap Studio Apartment in Salt Spring Island is at Drinkwater Place Apartments listed at $1,500.

How much is rent for a Cheap One Bedroom Salt Spring Island Apartment?

The lowest price for a Cheap One Bedroom Salt Spring Island Apartment is $1,525 at Cedartree Village.

What is the lowest price for a Cheap Two Bedroom Salt Spring Island Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Salt Spring Island is starting from $1,650 at Mainstreet Duncan Apartments.

What is the most affordable Salt Spring Island Three Bedroom Apartment?

The best deal on a cheap Salt Spring Island Three Bedroom Apartment rental is at Cedartree Village and starts from $2,400.

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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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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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.

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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.

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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.