Bedroom count
Property type
Last updated on July 31, 2026
Average rent in
Oak Bay, BC
Average rent in
Last updated on July 31, 2026
Bedroom count
Property type
Median rent
Median rent in Oak Bay
$2,050/mo
30%vs previous year
The average rent in Oak Bay is $2,050 per month as of July 2026. This is 6% above the national average rent, or $120 more per month.
average price per square foot
Total rentals
Available rentals in Oak Bay
10
for rent on Zumper.com as of July 2026
Rent price distribution
Share of Oak Bay rentals at each price point
This report has limited data.Due a shortage of data for this selected bedroom and/or property type in Oak Bay, BC, in the last 30 days, rent estimates may not represent the actual market.
Rent trends in Oak Bay, BC
Average rent prices in Oak Bay have decreased by 7% over the last month and have decreased by 30% since last year.
Rent trends
Rent prices on this page are calculated on a rolling 30-day basis and updated daily.
Compare rent prices in
Oak Bay, BC
Rent prices in Oak Bay vary by bedroom size, rental type, and neighborhood. The average rent for an apartment in Oak Bay is $2,259, whereas a house costs $9,000. 1-bedroom apartments in Oak Bay run $1,850 on average, while 2-bedroom apartments are $2,953.
Listings | ||||
|---|---|---|---|---|
Studio | $1,724 | - | - | |
1 bedroom | $2,050 | 6% |  15% | |
2 bedroom | $2,723 | 32% | 13% | |
3 bedroom | $3,850 | No Change | - | |
4 bedroom | $9,000 | No Change | - |
Listings | ||
|---|---|---|
Estevan | $2,075 | |
Henderson | $2,075 | |
North Oak Bay | $2,650 | |
South Oak Bay | $2,095 |
Listings | ||||
|---|---|---|---|---|
Apartments | $2,259 | 7% | No Change | |
Condos | $2,500 | - | - | |
Houses | $9,000 | 53% | - |
Studio
Average rent
$1,724
1 bedroom
Average rent
$2,050
Last 30 days
6%
Last year
15%
2 bedroom
Average rent
$2,723
Last 30 days
32%
Last year
13%
3 bedroom
Average rent
$3,850
4 bedroom
Average rent
$9,000
Henderson
Average rent
$2,075
South Oak Bay
Average rent
$2,095
North Oak Bay
Average rent
$2,650
Estevan
Average rent
$2,075
Apartments
Average rent
$2,259
Last 30 days
7%
Condos
Average rent
$2,500
Houses
Average rent
$9,000
Last 30 days
53%
The table above reflects average rent prices in Oak Bay, BC, broken down by the number of bedrooms, neighborhoods, and property types. The availability of data for each category is dependent on market inventory and will adjust depending on your selected filters.
How does rent in Oak Bay, BC compare to other cities?
Compare median rent prices in Oak Bay and Capital H Part 1 by all bedroom counts and property types.
Oak Bay
6%higher than the national median
19%higher than the national median
Takeaway
The median rent for all rentals in Oak Bay, BC is 11% lower than the median rent in Capital H Part 1, BC.
Average rent in nearby cities
Explore rent trends in neighboring markets
$2,292
24%$2,339
2%$2,195
2%$2,292
$2,181
$2,123
10%$2,292
8%$2,705
13%$2,225
2%$2,380
12%$2,347
9%$2,299
9%Discover rentals in Oak Bay, BC
2d ago
2230 Cadboro Bay Rd, Oak Bay, BC V8R 5G9
1 bed
1 bath
$1,850
Apartment for rent
2d ago
2230 Cadboro Bay Rd, Oak Bay, BC V8R 5G9
1 bed
1 bath
$1,850
Apartment for rent
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Frequently asked questions for Oak Bay, BC
Quick answers to common questions about the Oak Bay rental market.
How much is rent in Oak Bay?
The average rent in Oak Bay is $2,050 per month as of July 25, 2026.
Is rent up or down in Oak Bay?
Average rent prices in Oak Bay have decreased by 7% over the last month and have decreased by 30% since last year.
How does Oak Bay rent compare to the national average?
Rent in Oak Bay is 6% above the national average, which means renters are paying approximately $120 more per month.
Which neighborhoods are most affordable in Oak Bay?
The most affordable neighborhoods in Oak Bay are Henderson ($2,075/mo), Estevan ($2,075/mo), and South Oak Bay ($2,095/mo).
What salary do I need to afford rent in Oak Bay?
To comfortably afford rent in Oak Bay, you'd need to earn approximately $82,000/year, based on spending no more than 30% of your income on rent.
Methodology
Rent prices are based on Zumper's rental listings from the past 30 days. Median rent is calculated across all available listings and property types on the platform. If you filter the page by bedroom count or property type, the pricing throughout the page will update automatically to reflect that segment of the rental market.
Household and population data come from the U.S. Census Bureau. Cost-of-living data is sourced from the Council for Community and Economic Research's Cost of Living Index (COLI).