Rental Market Trends in Nanaimo, BC

What is the average rent in Nanaimo, BC?

C$1,695/month

Average Rent

589 Sq Ft

Average Apartment Size

+0.7%

Increase in the Last Year

As of July 2025, the average rent in Nanaimo, BC was C$1,695/month. When you rent an apartment in Nanaimo, you can expect to pay as little as C$1,422 to as much as C$2,187, depending on the location and size of the apartment.

Floor Plan Type

Average Rent

Average Sq Ft

Studio

C$1,422/month

374 Sq Ft

One Bedroom

C$1,695/month

589 Sq Ft

Two Bedroom

C$2,128/month

863 Sq Ft

Three Bedroom

C$2,187/month

1,011 Sq Ft

Floor Plan Type

Average Rent

Average Sq Ft

Three Bedroom

C$2,807/month

1,215 Sq Ft

Floor Plan Type

Average Rent

Average Sq Ft

Floor Plan Type

Average Rent

Average Sq Ft

One Bedroom

C$1,544/month

76 Sq Ft

Two Bedroom

C$1,934/month

392 Sq Ft

How much has average rent changed in Nanaimo, BC?

In the past year, rent has increased by 0.7%, which averages out to C$12 more per month.

Percentage*

Rent Range

0% Below C$700/month

0% C$700 - C$1,000/month

12% C$1,001 - C$1,500/month

61% C$1,501 - C$2,000/month

27% Above C$2,000/month

What salary do I need to live comfortably in Nanaimo, BC?

Because the average rent in Nanaimo is C$1,695, you’ll want to make about C$5,650 per month or C$67,800 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.

How does Nanaimo, BC compare to other nearby cities and neighborhoods?

Use the tool below to compare Nanaimo, BC to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.

Apartment Averages

Apartment communities in Nanaimo we think you'll love

BlueStone

6035 Linley Valley Dr,
Nanaimo, BC V9T 5N9

1-2 Beds | C$1,899 - C$2,352

Cascades Residences

4745 Ledgerwood Rd,
Nanaimo, BC V9T 0N1

1-2 Beds | C$1,812 - C$2,443

Summerhill Place

1820 Summerhill Pl,
Nanaimo, BC V9S 0C3

Studio - 2 Beds | C$1,625 - C$1,921

53 Howard Av

53 Howard Av,
Nanaimo, BC V9R 3P9

2 Beds | C$2,269

Canada British Columbia Nanaimo Rental Trends

Methodology

† Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.

* Percentages may not total 100 due to rounding.