Rent for one-bedroom in Kelowna leaps past $2,000 a month

The asking rent for one-bedroom apartments in Kelowna jumped 9.5% in August versus July, according to the latest Rentals.ca report.

That pushes the rent to $2,131 per month, making Kelowna the ninth most expensive of Canada’s 35 largest cities. A couple of months ago it ranked thirteenth.

Still the report, which was issued today, Sept. 13, says that’s a 4.1% drop from August 2022.

The cost of two-bedroom apartments rose 3.1% month over month to $2,876, a 1.2% drop from last year.

READ MORE: Okanagan residents flee high prices to relocate to Alberta

As usual, Vancouver had the highest rents in the country at $2,988 for one-bedroom apartments and $3,879 for two bedrooms, although both were drops of around 1% from July.

Burnaby was the only other large BC city with higher rents than Kelowna at $2,555 for one bedroom.

Asking rents for all rental types across the country averaged a record high of $2,117.

Saskatoon had the most affordable rent of the country’s 35 largest cities at $1,055 for one bedroom.

See the full report here.


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Rob Munro

Rob Munro has a long history in journalism after starting an underground newspaper in Whitehorse called the Yukon Howl in 1980. He spent five years at the 100 Mile Free Press, starting in the darkroom, moving on to sports and news reporting before becoming the advertising manager. He came to Kelowna in 1989 as a reporter for the Kelowna Daily Courier, and spent the 1990s mostly covering city hall. For most of the past 20 years he worked full time for the union representing newspaper workers throughout B.C. He’s returned to his true love of being a reporter with a special focus on civic politics

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