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Frequently Asked Questions
How many apartments for rent are available in Victoria, BC?
There are 15 apartments for rent in Victoria, BC to choose from, with prices between $650 and $3,900 per month.
How to search for apartments for rent in Victoria, BC?
Your perfect apartment for rent in Victoria, BC is just a few clicks away on Point2. You can look up 2-bedroom, 3-bedroom apartments, studio apartments or any other type of rental in Victoria, BC. Just use the filtering options available to find properties according to your needs.
How to find Victoria, BC apartments for rent I can afford?
On Point2, you can search for apartment rentals in Victoria, BC based on your budget. Sort all condos according to price, or get a tailored list of properties by setting the minimum and maximum monthly rates you are comfortable with. Moreover, you can use the Price Drop filter to look for any recent rent declines on the Victoria, BC rental market.
What type of information can I find on Point2?
Point2 offers a lot of information about rentals in Victoria, BC, from property type, square footage and amenities to area demographics and even local rent trends. Additionally, you can use the map view to check if the apartments you are looking at are close to the facilities and services you need. The name and contact details of the real estate agents handling the condos are available on all listings, so just reach out to them directly through the contact forms provided.
Victoria sits on the southeastern tip of Vancouver Island and is home to more than 85,000 people. The city covers over 19 square kilometres near the communities of Oak Bay, Saanich, Cordova Bay, and Langford. The Strait of Juan de Fuca is located south of the city, and Haro Strait can be found north of it. Besides the beautiful scenery, Victoria offers numerous cultural, historical, and recreational activities to choose from, including galleries, museums, and sacred sites.
Victoria, British Columbia
Real Estate Market Overview
Housing prices in Victoria can be quite high, with averages ranging from $500,000 to $800,000.
The western section of the city offers a mix of newer and older single-family homes, newer condo options, high-priced vacant land, and some commercial spaces. Newer homes in this section tend to be very large, with price tags to match. Condos are most common in the central section of Victoria, along with high-priced single-family homes, and a variety of commercial spaces. Expensive single-family homes make up the majority of the eastern section. Condos, commercial space, and high-priced vacant lots are also available.
Victoria has a tight rental market. The vacancy rate has been at or below 1% for the past few years, as supply has not kept up with demand. Although many new units are being built, older units are often off the market for renovation, and the high house prices in the city prevent many from being able to afford homeownership. Rental condominium units are a popular choice in Victoria, but face similar vacancy rate issues as traditional apartment units do. Depending on the area of the city, average rent costs can range from $770 to $830 for bachelor apartments, $830 to $1,000 for one-bedroom apartments, $1,180 to $1,300 for two-bedroom apartments, and $1,540 to $1,800 for three-bedroom (or more) apartments. Rent costs have been increasing in the past few years, with two-bedroom and three-bedroom units seeing the highest increases.
Victoria’s unemployment rate is fairly low, at around 4%, which is lower than the national rate. Technology, government services, tourism, education, and food products are some of the major industries in the city. Close to 900 tech companies operate in Victoria, producing over $3 billion in revenue each year. Examples of tech companies include Abebooks.com, Forest Technology Systems, Procura, Vigil Health Solutions Inc., and Reliable Controls. Victoria draws millions of tourists each year, who come to enjoy whale watching tours, festivals and events, the Port of Victoria, natural areas, and historical and cultural sites. Other large employers in the area include the Canadian Forces, the University of Victoria, and Camosun College.
The Victoria Regional Transit System, which is part of BC Transit, operates over 250 buses that service close to 50 routes in the city and in smaller surrounding communities such as Saanich, Oak Bay, Langford, View Royal, and Colwood. All of the buses are accessible for those with mobility issues or who must bring a stroller. For those who need specialized transport, the agency also runs handyDART. Other transportation options in the city include BC Ferries, VIA Rail trains, and the Victoria International Airport.
The Greater Victoria School District and Conseil scolaire francophone de la Colombie-Britannique operate schools in the city, which include Burnside Community School, George Jay Elementary School, Central Middle School, Victor School, South Park Elementary School, Ledger School, Oaklands Elementary School, Victoria High School, Sundance Elementary School, and James Bay Community School. Post-secondary options in the city include Sprott Shaw College, CDI College, Academy of Learning College, Camosun College, the Canadian College of Performing Arts, Insignia College, and Victoria College of Art. Other options can be found in nearby communities and include the University of Victoria and Royal Roads University.
The Royal BC Museum houses exhibits and programs that display various aspects of the history and culture of the province. Exhibits include specimens of reptiles and amphibians, insects, fish, birds, mammals, fossils, and plants. Human history sections include photographs, clothing, tools, documents, and audio/video presentations. The museum also has an IMAX theatre, dining options, and an onsite gift shop. BC Whale Tours is a tour operator that takes customers out into the waters of the Salish Sea to catch glimpses of whales and other sea life. The vessels can hold 12 passengers, and the tours normally last around 3 to 4 hours. The company offers a variety of tour options and packages, as well as a sighting guarantee.