Even with price drop, rent in Kelowna 4th highest in country
Kelowna ranked as the fourth most expensive city in the country to rent an apartment in December, even though prices fell by about 5% from November.
One-bedroom apartments in Kelowna had a median price of $1,640 on the Zumper.com online rental site, behind Victoria, Toronto and Vancouver.
Kamloops was not included in Zumper’s monthly rental summary but a separate report says a one bedroom apartment in that city has an average price (as opposed to median) of $1,464. That’s down 4% from November but up 6% from 2020.
Two bedrooms in Kamloops averaged $1,760.
The site lists Valleyview as the most affordable neighbourhood at $750 per month for one bedroom while Sahali was the most expensive at $1,225.
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On the national report, Vancouver’s median rent for a one bedroom was $2,130 with two bedrooms going for $3,050.
One bedroom units in Toronto went for $1,850. Victoria was only $10 behind at $1,840 with Kelowna at $1,640.
Out of 23 cities on the national list, Quebec City came in as the most affordable with one bedroom apartments going for $870 a month.
A separate report put the average (as opposed to median) price for a one bedroom in Kelowna at $1,797, up 24% from the year before. The average price for two bedrooms was $2,049.
That report only lists prices in two Kelowna neighbourhoods. North Glenmore had a median rent of $1,585 for one bedroom and Pandosy North was at $1,425.
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