Cost to rent one-bedroom apartment in Kelowna surges past $1,800 mark
The cost of renting a one-bedroom apartment in Kelowna jumped 5.8% in August versus July, coming in at $1,830 per month.
That’s the highest it has been after peaking at $1,800 in April before dropping over the summer.
It also moves Kelowna from sixth to the fifth most expensive of 24 Canadian cities listed by Zumper.com, a major online rental site.
That 5.8% increase was also one of the highest in the county.
READ MORE: Warm, sunny week ahead in Kamloops, Okanagan
Vancouver rents went up by 4.2% and pushed the price of a one-bedroom apartment to $2,500, more than $500 higher than Toronto.
Victoria was the third most expensive city in Canada at $1,970, a drop of 1%, while Burnaby came in fourth at $1,960, a 1% increase from July.
For two-bedroom units, Kelowna saw a 5.7% increase to $2,430. Vancouver topped the listings at $3,630.
A separate Zumper.com report shows the average rent for a one-bedroom apartment in Kamloops dropped 2% to $1,602 but it only shows one apartment for rent.
Some more affordable cities in Canada for one-bedroom apartment rentals include Calgary at $1,450, Abbotsford at $1,410 and Saskatoon at $990.
READ MORE: Okanagan real estate market faring better than Kamloops and rest of B.C.
To contact a reporter for this story, email Rob Munro or call 250-808-0143 or email the editor. You can also submit photos, videos or news tips to the newsroom and be entered to win a monthly prize draw.
We welcome your comments and opinions on our stories but play nice. We won't censor or delete comments unless they contain off-topic statements or links, unnecessary vulgarity, false facts, spam or obviously fake profiles. If you have any concerns about what you see in comments, email the editor in the link above.
