4745 Ledgerwood Rd
4745 Ledgerwood Rd,
Nanaimo, BC V9T 0N1
1-2 Beds | $1,871 - $2,419
Rental Market Trends in Nanaimo, BC
What is the average rent in Nanaimo, BC?
$1,798/month
Average Rent
529 Sq Ft
Average Apartment Size
+2%
Increase in the Last Year
As of July 2026, the average rent in Nanaimo, BC was $1,798/month. When you rent an apartment in Nanaimo, you can expect to pay as little as $1,459 to as much as $2,406, depending on the location and size of the apartment.
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
How much has average rent changed in Nanaimo, BC?
In the past year, rent has increased by 2%, which averages out to $36 more per month.
Market Trends Over Time
The chart below compares average rent prices to the previous year during the same time period.
Last Updated July 2026
Legend
2025
2026
Rent Ranges in Nanaimo, BC
Last Updated July 2026
$1,501 - $2,000
Most rental prices fall within this range
Percentage*
Rent Range
0%
Below $700/month
0%
$700 - $1,000/month
13%
$1,001 - $1,500/month
51%
$1,501 - $2,000/month
36%
Above $2,000/month
What salary do I need to live comfortably in Nanaimo, BC?
Because the average rent in Nanaimo is $1,798, you’ll want to make about $5,993 per month or $71,916 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 neighbourhoods?
Use the tool below to compare Nanaimo, BC to other nearby cities and neighbourhoods. The Apartments.com neighbourhood guides provide you with insight into the area’s transportation, things to do, and more.
Apartment Communities in Nanaimo We Think You'll Love
Frequently Asked Questions
What is the average rent in Nanaimo?
The average rent in Nanaimo is $1,798 per month, which is 4.4% higher than the national average of $1,723.
What is the average rent for a townhome in Nanaimo?
The average rent for a townhome in Nanaimo, BC is $1,911 per month.
Are rents going up or down in Nanaimo?
Rents in Nanaimo, BC are increasing, with prices up 2.0% year-over-year and $36 more per month.
What rent range is most common in Nanaimo?
In Nanaimo, BC, 51% of apartments fall between $1,501 - $2,000/month, though prices may vary depending on location and other factors.
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.