
Cheap Apartments for Rent in Victoria, BC from $300 (29 Rentals)
Search the lowest-cost Apartments available for rent right now in Victoria.


Tara Place Apartments

Mainstreet Victoria Garden Apartments

562 Yates St

1204 Yates St

Island Manor Apartments

2780 Spencer Road
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

Dominion Rocket

Nelson Lodge

Urbanité

Monarch Apartments

1050 Pemberton

Tanhill Flats

Gordreau Apartments
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.

Waverly Apartments

Tara Place Apartments

Peatt Commons East

Shalamar Apartments

Gorge Apartments

Gorge Towers

1204 Yates Street Apartments
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.

The Verve

840 Fort Street

Fern Oaks Manor

The Dunsmuir Royale Apartments

Croft House Apartments

Aquarius Apartments

Lindsay Place
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.

Shelbourne Apartments
Victoria, BC Local Guide
How much does it cost to rent an apartment in Victoria?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Cheap Victoria Studio Apartments | $1,985 | $1,510 | $2,155 |
| Cheap Victoria 1 Bedroom Apartments | $2,107 | $1,635 | $2,910 |
| Cheap Victoria 2 Bedroom Apartments | $2,578 | $1,750 | $3,885 |
| Cheap Victoria 3 Bedroom Apartments | $3,261 | $2,795 | $4,795 |
| Cheap Victoria 4 Bedroom Apartments | $1,365 | $1,300 | $1,472 |
Browse Top Apartments in Victoria
See all Apartments in VictoriaExplore Victoria
Victoria, BC Local Guide
- Nearby Cities
Cheapest Available Victoria Apartments for Rent
 The cheapest available apartment rental in Victoria, BC is a 1 Bed unit found at 2780 Spencer Road priced from $350. Neighbour has the second lowest priced unit, which is a 5 Beds apartment currently listed from $1,300. Here is today’s list of the most affordable Victoria apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 2780 Spencer Road | Bachelor | 1BR,1BA | $350 |
| Neighbour | E1 | 5BR,3BA | $1,300 |
| Dominion Rocket | Studio | Studio,1BA | $1,325 |
| Monarch Apartments | 0 Beds, 1 Baths | Studio,1BA | $1,475 |
| Tara Place Apartments | 0 Beds, 1 Baths | Studio,1BA | $1,510 |
| Mainstreet Victoria Garden Apartments | Bachelor | Studio,1BA | $1,550 |
| Gorge Towers | 0 Beds, 1 Baths | Studio,1BA | $1,575 |
| 1204 Yates Street Apartments | 0 Beds, 1 Baths | Studio,1BA | $1,580 |
| The Verve | Studio (Semi-Furnished) | Studio,1BA | $1,597 |
| 840 Fort Street | Studio, 1 Bathroom | Studio,1BA | $1,599 |
Best Value Apartments for Rent in Victoria, BC
As of June 01, 2026 the best value apartment in the Victoria area is the $0.04 price per square foot Bachelor Model at 2780 Spencer Road in the starting from $350. The second greatest value Victoria apartment is the 2 Beds, 1 Baths Model at Kamel Point Village Apartments starting at $2,395 with a $2.26 price per square foot . Here is today’s list of the best values for Victoria apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 2780 Spencer Road | Bachelor | 1BR,1BA | $0.04 |
| Kamel Point Village Apartments | 2 Beds, 1 Baths | 2BR,1BA | $2.26 |
| OVIS One | A2 | 2BR,2BA | $2.72 |
| The Kentwood | 2 bed + 2 bath + den | 2BR,2BA | $2.73 |
| Sansar Apartments | 2 Beds, 1 Baths | 2BR,1BA | $2.80 |
| Magnolia Manor Apartments | 1 Beds, 1 Baths | 1BR,1BA | $2.77 |
| Villa Apartments | 1 Beds, 1 Baths | 1BR,1BA | $2.78 |
| Anondale Court | 1 Beds, 1 Baths | 1BR,1BA | $2.79 |
| Gorge Apartments | 1 Beds, 1 Baths | 1BR,1BA | $2.64 |
| Belmont Place Apartments | 1 Bedroom, 1 Bath | 1BR,1BA | $2.79 |
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 ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Victoria, BC Rentals by Map
See the most popular apartments and homes in Victoria, BC
Frequently Asked Questions about Cheap Victoria Apartments
What is the Cheapest Studio apartment in Victoria?
Currently the most affordable Cheap Studio Apartment in Victoria is at Dominion Rocket listed at $1,325.
How much is rent for a Cheap One Bedroom Victoria Apartment?
The lowest price for a Cheap One Bedroom Victoria Apartment is $350 at 2780 Spencer Road.
What is the lowest price for a Cheap Two Bedroom Victoria Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Victoria is starting from $1,750 at The Shelley.
What is the most affordable Victoria Three Bedroom Apartment?
The best deal on a cheap Victoria Three Bedroom Apartment rental is at Kamel Point Village Apartments and starts from $2,795.
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

Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.