Bedroom count
Property type
Last updated on September 14, 2026
Average rent in
Oak Bay, BC
Average rent in
Last updated on September 14, 2026
Bedroom count
Property type
Median rent
Median rent in Oak Bay
$1,900/mo
28%vs previous year
The average rent in Oak Bay is $1,900 per month as of September 2026. This is about the same as the national average rent.
average price per square foot
Total rentals
Available rentals in Oak Bay
13
for rent on Zumper.com as of September 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 28% 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 $1,817, whereas a house costs $5,500. 1-bedroom apartments in Oak Bay run $1,795 on average, while 2-bedroom apartments are $2,850.
Listings | ||||
|---|---|---|---|---|
Studio | $1,709 |  36% | - | |
1 bedroom | $2,025 | 1% | 4% | |
2 bedroom | $2,850 | No Change | 12% | |
3 bedroom | $5,200 | - | - |
Listings | ||
|---|---|---|
Estevan | $2,075 | |
Henderson | $2,085 | |
North Oak Bay | $1,995 | |
South Oak Bay | $1,900 |
Listings | ||||
|---|---|---|---|---|
Apartments | $1,817 | No Change | No Change | |
Condos | $1,900 | - | - | |
Houses | $5,500 | 53% | - |
Studio
Average rent
$1,709
Last 30 days
36%
1 bedroom
Average rent
$2,025
Last 30 days
1%
Last year
4%
2 bedroom
Average rent
$2,850
Last 30 days
No Change
Last year
12%
3 bedroom
Average rent
$5,200
Henderson
Average rent
$2,085
North Oak Bay
Average rent
$1,995
South Oak Bay
Average rent
$1,900
Estevan
Average rent
$2,075
Apartments
Average rent
$1,817
Last 30 days
No Change
Condos
Average rent
$1,900
Houses
Average rent
$5,500
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
Equal to the the national median
12%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
$2,135
$2,292
3%$2,245
3%$2,322
62%$2,192
$2,212
1%$2,245
7%$2,299
48%$2,156
9%$2,125
31%$2,292
6%$2,125
9%Discover rentals in Oak Bay, BC
4d ago
2230 Cadboro Bay Rd, Oak Bay, BC V8R 5G9
1 bed
1 bath
$1,795–$1,850
Apartment for rent
4d ago
2230 Cadboro Bay Rd, Oak Bay, BC V8R 5G9
1 bed
1 bath
$1,795–$1,850
Apartment for rent
4d ago
2230 Cadboro Bay Rd, Oak Bay, BC V8R 5G9
1 bed
1 bath
$1,795–$1,850
Apartment for rent
Stay up to date with rental market insights
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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 $1,900 per month as of September 12, 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 28% since last year.
How does Oak Bay rent compare to the national average?
Rent in Oak Bay is roughly the same as the national average.
Which neighborhoods are most affordable in Oak Bay?
The most affordable neighborhoods in Oak Bay are South Oak Bay ($1,900/mo), North Oak Bay ($1,995/mo), and Estevan ($2,075/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 $76,000/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).