1 Chapel St.
1 Chapel St,
Nanaimo, BC V9R 5H1
1-2 Beds | $1,949 - $2,399
Rental Market Trends in Nanaimo, BC
Updated August 2026
The average rent in Nanaimo, BC is $1,814/month.
$1,814/month
Average Rent
531 Sq Ft
Average Size
+2.8%
Change / Year
123
Available Apartments
Nanaimo rent varies by unit size and layout:
- Studio apartments in Nanaimo average $1,482 per month.
- One-bedroom apartments in Nanaimo average $1,814 per month.
- Two-bedroom apartments in Nanaimo average $2,194 per month.
- Three-bedroom apartments in Nanaimo average $2,412 or more per month.
Average Rent by Home Type
Bedrooms
Average Rent
Average Sq Ft
Bedrooms
Average Rent
Average Sq Ft
How much has average rent changed in Nanaimo, BC?
In the past year, rent has increased by 2.8%, which averages out to $52 more per month.
Market Trends Over Time
August 2026
2025
2026
Rent Ranges in Nanaimo, BC
August 2026
$1,501 - $2,000
Most rental prices fall within this range
Percentage*
Rent Range
0%
Below $700/month
0%
$700 - $1,000/month
10%
$1,001 - $1,500/month
49%
$1,501 - $2,000/month
41%
Above $2,000/month
What salary do I need to live comfortably in Nanaimo, BC?
Because the average rent in Nanaimo is $1,814, you’ll want to make about $6,046 per month or $72,552 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.
View the Nanaimo Area GuideCompare Rent Trends Nearby
Get a clearer picture of the area by viewing rent trends in nearby cities.
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Frequently Asked Questions
What is the average rent in Nanaimo?
The average rent in Nanaimo is $1,814 per month, which is 4.0% higher than the national average of $1,744.
What is the average rent for a townhome in Nanaimo?
The average rent for a townhome in Nanaimo, BC is $1,891 per month.
Are rents going up or down in Nanaimo?
Rents in Nanaimo, BC are increasing, with prices up 2.8% year-over-year and $52 more per month.
What rent range is most common in Nanaimo?
In Nanaimo, BC, 49% 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.