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The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. MLS®, Multiple Listing Service®, and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.

®MLSReciprocity
Home/Rent vs mortgage/Nanaimo/$2,000/mo

Rent vs mortgage

$2,000 a month in rent buys a $422,000 home in Nanaimo

That is what a 2000-a-month rent carries as a mortgage at 5.19%, with 20% down over a 25-year amortization. Covering property tax, strata and insurance inside the same monthly budget, the matching price is about $290,000. Here are the 153 Nanaimo homes on the market at or under it right now.

Purchase price

$422,000

Down payment

$84,000

All-in monthly

$2,625/mo

Matching homes

153

Rent or own? See what you could afford

Your name

$

/mo

Your monthly rent

Paid as a mortgage, $2,000/mo owns a home worth about

$422,000

153 Nanaimo homes are in your budget

Builds your equity

Rent builds none

Covering mortgage, tax, strata and insurance together, the matching price is about $315,000.

Rate %
Down %
Amort. yrs
Email *
How $2,000/mo of rent becomes a purchase price
Rent you pay$2,000/mo
Interest rate5.19%
Amortization25 years
Down payment (20%)$84,000
Mortgage supported$338,000
Purchase price$422,000
Tax, strata & insurance$625/mo
All-in monthly$2,625/mo

Nanaimo homes your $2,000 rent could own

#4 – 6325 Metral Drive
Under your rent
44

$364,900

~$1,730/mo

i

#4 – 6325 Metral Drive

Nanaimo · Residential

3 bd

2 ba

1,255 sqft

$291/sqft

Built 1972

MLS® 1046859

View

eXp Realty

#102 – 135 Haliburton Street
Under your rent
52

$359,900

~$1,706/mo

i

#102 – 135 Haliburton Street

Nanaimo · Residential

1 bd

1 ba

567 sqft

$635/sqft

Built 2023

MLS® 1038730

View

Oakwyn Realty Ltd. (NA)

#30 – 5854 Turner Road
Under your rent
21

$198,000

~$938/mo

i

#30 – 5854 Turner Road

Nanaimo · Residential

2 bd

2 ba

980 sqft

$202/sqft

Built 1989

MLS® 1044233

View

Royal LePage Nanaimo Realty (NanIsHwyN)

#55 – 1000 Chase River Road
Under your rent
21

$329,999

~$1,564/mo

i

#55 – 1000 Chase River Road

Nanaimo · Residential

3 bd

1 ba

1,216 sqft

$271/sqft

Built 1973

MLS® 1044547

View

REMAX Professionals (NA)

#206 – 24 Prideaux Street
Under your rent
41

$379,900

~$1,801/mo

i

#206 – 24 Prideaux Street

Nanaimo · Residential

2 bd

2 ba

980 sqft

$388/sqft

Built 1994

MLS® 1040139

View

RE/MAX First Realty (PK)

#205 – 5170 Dunster Road
Under your rent
31

$420,000

~$1,991/mo

i

#205 – 5170 Dunster Road

Nanaimo · Residential

2 bd

1 ba

1,151 sqft

$365/sqft

Built 2011

MLS® 1043909

View

Royal LePage Nanaimo Realty (NanIsHwyN)

#509 – 3108 Barons Road
Under your rent
37

$294,000

~$1,393/mo

i

#509 – 3108 Barons Road

Nanaimo · Residential

2 bd

1 ba

722 sqft

$407/sqft

Built 1981

MLS® 1041440

View

REMAX Professionals (NA)

#307 – 2117 Meredith Road
Under your rent
50

$415,000

~$1,967/mo

i

#307 – 2117 Meredith Road

Nanaimo · Residential

2 bd

2 ba

928 sqft

$447/sqft

Built 2012

MLS® 1047183

View

REMAX Professionals (NA)

#138 – 6325 Metral Drive
Under your rent
29

$375,000

~$1,777/mo

i

#138 – 6325 Metral Drive

Nanaimo · Residential

2 bd

2 ba

1,242 sqft

$302/sqft

Built 2024

MLS® 1047562

View

RE/MAX Anchor Realty (QU)

#26 – 1000 Chase River Road
Under your rent
37

$374,900

~$1,777/mo

i

#26 – 1000 Chase River Road

Nanaimo · Residential

3 bd

2 ba

1,623 sqft

$231/sqft

Built 1991

MLS® 1046615

View

Royal LePage Nanaimo Realty (NanIsHwyN)

#1 – 274 Harwell Road
Under your rent
26

$344,900

~$1,635/mo

i

#1 – 274 Harwell Road

Nanaimo · Residential

2 bd

1 ba

920 sqft

$375/sqft

Built 1989

MLS® 1047497

View

Island Pacific Realty Ltd.

#55 – 855 Howard Avenue
Under your rent
27

$384,900

~$1,824/mo

i

#55 – 855 Howard Avenue

Nanaimo · Residential

2 bd

1 ba

1,084 sqft

$355/sqft

Built 1976

MLS® 1041319

View

Royal LePage Nanaimo Realty (NanIsHwyN)

See all on the map (153 active listings)

Other rents in Nanaimo

$1,500/mo · $1,800/mo · $2,200/mo · $2,500/mo · $3,000/mo · $3,500/mo · $4,000/mo

The assumptions behind these numbers

Every figure assumes a 5.19% interest rate, 20% down and a 25-year amortization. Property tax uses the local municipal residential rate of 6.91 per $1,000; strata ($320/mo) and insurance ($62/mo) are estimates, since neither is knowable from rent alone. Change any of these in the calculator and the numbers update in place. This is an estimate for comparison, not a mortgage approval or financial advice. Your rate, down payment and the home's real carrying costs will differ. Confirm with a mortgage professional before you rely on it.

Common questions

What can $2,000 a month in rent buy in Nanaimo?

At a 5.19% rate with 20% down over 25 years, $2,000/mo carries the mortgage on a home priced around $422,000. Covering tax, strata and insurance inside the same budget, the matching price is about $290,000.

How much do I need for a down payment?

On a $422,000 home at 20% down, the down payment is $84,000. A smaller down payment raises the monthly cost and may add mortgage insurance.

Is the mortgage really the same as my rent?

The mortgage payment is, by design; that is what this page solves for. Owning also adds roughly $625/mo in tax, strata and insurance, so the honest all-in monthly on a $422,000 home is closer to $2,625.

RR

How these numbers are worked out

I am Ray Rasouli, a licensed REALTOR® with Real Broker B.C. Ltd. The purchase price is your rent solved back through a standard amortized mortgage, and the listings come from live MLS® inventory refreshed hourly, not a static table. The figures are for comparison, not a mortgage approval. Tell me your situation and I will confirm what you actually qualify for.

Page methodology and sources are stated beside the figures. Content is reviewed by Ray Rasouli, REALTOR®, Real Broker B.C. Ltd.
$1,500/mo in Nanaimo$1,800/mo in Nanaimo$2,200/mo in Nanaimo$2,500/mo in Nanaimo$3,000/mo in Nanaimo$3,500/mo in Nanaimo$4,000/mo in NanaimoAll rent bands in NanaimoNanaimo market reportMortgage calculator

Listing data provided by the Real Estate Board of Greater Vancouver and partner boards under MLS® Reciprocity. Deemed reliable but not guaranteed accurate. Mortgage figures are estimates for comparison only, not financial advice. MLS® and REALTOR® are trademarks of CREA.