Apartments for Rent in Fernwood, Victoria, BC

Fernwood, Victoria apartment availability

Fernwood's rental market offers a good selection of listings, with an average of 24 rentals available each month. The majority of rentals are 1-bedroom apartments, with a smaller number of 2-bedroom and studio apartments also available. Many of these apartments offer convenient amenities, including on-site laundry, elevators, and storage. Specifically, 66% of Fernwood apartments have on-site laundry and elevators, while 61% offer storage. This neighborhood's diverse range of rentals and amenities make it a great option for renters looking for a convenient and comfortable place to call home.

Fernwood, Victoria rental market trends

Fernwood's rental market in Victoria has experienced a slight decline in 2024, with the average monthly rent across all property types decreasing by 3.9% year-over-year to approximately $1,913. Breaking it down by bedroom count, 1-bedrooms saw a modest 0.9% decrease to $1,914, while 2-bedrooms experienced a more significant 7.4% drop to $2,316. Conversely, 3-bedrooms and studios saw increases of 7.8% and 7.5%, respectively, to $3,700 and $1,714.

In terms of seasonality, September is the most expensive month to rent in Fernwood, with prices 6.7% higher than in July, the least expensive month. This trend suggests that renters looking for a better deal should consider searching during the summer months when prices tend to be lower. Overall, Fernwood's rental market offers a range of options, with varying price points depending on the time of year and bedroom count.

Why Fernwood, Victoria is a great place to live

Fernwood stands out as a neighborhood that seamlessly blends a vibrant social life with a strong emphasis on environmental sustainability.

For those who value an active social calendar, Fernwood's high transit score, well-developed street infrastructure, and frequent transit options make it easy to get around. The area's strong safety record and excellent walk score only add to its appeal, providing residents with a wide range of opportunities to engage with their community.

At the same time, Fernwood's commitment to environmental sustainability is evident in the prevalence of eco-friendly features such as non-toxic paint, rainwater harvesting, and sustainable building materials. Community solar projects and low-flow fixtures further underscore the neighborhood's dedication to reducing its environmental footprint. Overall, Fernwood offers a unique blend of social connection and environmental responsibility, making it an attractive choice for like-minded residents.