Apartments for Rent in Hospital Area, Nanaimo, BC

Hospital Area, Nanaimo apartment availability

Hospital Area's rental market offers a good selection of listings, with an average of 15 rentals available each month. The majority of these rentals are 2-bedroom apartments, followed by 1-bedroom apartments. Many of these apartments offer convenient amenities, including in-unit laundry, on-site laundry, and storage. Specifically, about 21% of apartments have in-unit laundry, while around 25% have on-site laundry and 20% offer storage. This neighborhood's diverse range of rentals and amenities make it a great option for renters looking for a place to call home in Nanaimo.

Hospital Area, Nanaimo rental market trends

The Hospital Area in Nanaimo saw a significant increase in rent prices last year, with an average monthly rent of $1,817, reflecting a 9.3% year-over-year increase. Breaking it down by bed count, 1-bedrooms averaged $1,702 per month, with a modest 3.9% annual increase. In contrast, 3-bedrooms experienced a substantial 22.5% increase, bringing their average rent to $2,695. Studios averaged $1,625 per month, with a 10.1% year-over-year increase.

Rent prices in the Hospital Area tend to peak in September, with a 9.6% increase compared to May, the month with the lowest rent. If you're looking for a new apartment, be prepared for more competition in the late summer months. Conversely, searching in May may yield more affordable options, with prices about 9.6% lower than in September. Keep in mind that the rental market can fluctuate, but understanding these trends can help you navigate the Hospital Area's rental landscape.

Why Hospital Area, Nanaimo is a great place to live

Hospital Area is a top choice for renters prioritizing environmental sustainability and social living. Apartments in this neighborhood often feature eco-friendly amenities like non-toxic paint, rainwater harvesting, and low-flow fixtures. Community solar projects and sustainable materials used in construction also contribute to its high environmental sustainability score. Additionally, the neighborhood's walk score, transit score, and street infrastructure make it an ideal location for socializing, with easy access to shared spaces and a strong sense of safety. Overall, Hospital Area offers a unique blend of green living and community-focused amenities, making it an attractive option for like-minded renters.