Bedroom count
Property type
Last updated on June 16, 2026
Average rent in
Oak Bay, BC
Average rent in
Last updated on June 16, 2026
Bedroom count
Property type
Median rent
Median rent in Oak Bay
$1,995/mo
22%vs previous year
The average rent in Oak Bay is $1,995 per month as of June 2026. This is 2% above the national average rent, or $45 more per month.
average price per square foot
Total rentals
Available rentals in Oak Bay
11
for rent on Zumper.com as of June 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 remained the same over the last month and have decreased by 22% 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 $1,995, whereas a house costs $2,995. 1-bedroom apartments in Oak Bay run $1,860 on average, while 2-bedroom apartments are $2,723.
Listings | ||||
|---|---|---|---|---|
Studio | $1,724 | - | - | |
1 bedroom | $1,945 |  1% | 14% | |
2 bedroom | $2,580 | 32% | 9% | |
3 bedroom | $3,795 | No Change | - |
Listings | ||
|---|---|---|
Estevan | $1,994 | |
Henderson | $1,875 | |
North Oak Bay | $1,950 | |
South Oak Bay | $1,992 |
Listings | ||||
|---|---|---|---|---|
Apartments | $1,995 | 19% | No Change | |
Condos | $3,250 | - | - | |
Houses | $2,995 | 53% | - |
Studio
Average rent
$1,724
1 bedroom
Average rent
$1,945
Last 30 days
1%
Last year
14%
2 bedroom
Average rent
$2,580
Last 30 days
32%
Last year
9%
3 bedroom
Average rent
$3,795
Henderson
Average rent
$1,875
North Oak Bay
Average rent
$1,950
Estevan
Average rent
$1,994
South Oak Bay
Average rent
$1,992
Apartments
Average rent
$1,995
Last 30 days
19%
Condos
Average rent
$3,250
Houses
Average rent
$2,995
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
2%higher than the national median
18%higher than the national median
Takeaway
The median rent for all rentals in Oak Bay, BC is 13% lower than the median rent in Capital H Part 1, BC.
Average rent in nearby cities
Explore rent trends in neighboring markets
$2,292
$2,400
$2,237
8%$2,263
$2,050
$1,975
7%$2,330
1%$2,725
39%$2,308
9%$2,350
21%$2,299
13%$2,325
Discover rentals in Oak Bay, BC
3d ago
2230 Cadboro Bay Rd, Oak Bay, BC V8R 5G9
1 bed
1 bath
$1,995
Apartment for rent
3d ago
2230 Cadboro Bay Rd, Oak Bay, BC V8R 5G9
1 bed
1 bath
$1,995
Apartment for rent
Stay up to date with rental market insights
Are you interested in licensing our current and historical rental real estate data, or do you have custom data requests? Contact datalicensing@zumper.com.
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 $1,995 per month as of June 13, 2026.
Is rent up or down in Oak Bay?
Average rent prices in Oak Bay have remained the same over the last month and have decreased by 22% since last year.
How does Oak Bay rent compare to the national average?
Rent in Oak Bay is 2% above the national average, which means renters are paying approximately $45 more per month.
Which neighborhoods are most affordable in Oak Bay?
The most affordable neighborhoods in Oak Bay are Henderson ($1,875/mo), North Oak Bay ($1,950/mo), and South Oak Bay ($1,992/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 $80,000/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).