Would you like to subscribe to our newsletters?

Rent for Kelowna one-bedroom apartment dips below $2,000

Image Credit: ADOBE STOCK

While rents across Canada increased by 1% in December versus November, Kelowna’s rents actually fell by more than 2%, according to

The average listed rent for a one-bedroom apartment in Kelowna was $1,983, down 2.4% from November. The average listed cost of a two-bedroom unit was $2,480, down 2.5%.

Kelowna was the 11th most expensive city out of 35 on the list.

The average rents for all types of housing advertised through went up 12.2% in Canada compared to December 2021.

“This follows a 1.6% average annual rent decline for both 2021 and 2020, resulting in a three-year average rent increase of 2.6% — below the general rate of inflation over the same time period,” a news release says.

The year-over-year increases were lower in Kelowna at 5.3% for one-bedroom suites and 7.2% for two-bedrooms.

Vancouver continues to be the most expensive city in the country to rent a home, even with a 1.4% decline in December compared to November prices for one-bedroom apartments. The average rent was $2,596.

Burnaby came in third spot at $2,450 and Victoria at ninth for $2,001. All other cities on the list that are more expensive than Kelowna are in Ontario.

Kamloops and other Okanagan cities are not included on the list.

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.