Rent for one-bedroom apartment in Kelowna climbs above $2,000 mark

The average rent for a one-bedroom apartment in Kelowna rose to more than $2,000 in October, according to a report from a national rental app company.

A Rentals.ca report issued late yesterday, Nov. 17, said the average rent for a one-bedroom apartment in Kelowna last month was $2,003. That’s higher than the $1,960 published by another rental app company Zumper.com earlier this week.

The difference is Zumper.com compares rentals based on median prices while Rentals.ca looks at average prices.

READ MORE: Rent for one-bedroom apartment in Kelowna now 5th highest in Canada

The ranking difference is because Rentals.ca’s report includes 35 Canadian cities while Zumper.com is limited to 24.

On the Zumper.com list, Kelowna had the fifth most expensive rental housing in Canada while Rentals.ca put it as twelfth.

The Rentals.ca list includes eight Ontario cities that are more expensive than Kelowna. Only one of those, Toronto, is on the Zumper.com list. Taking those out leaves Kelowna as the fifth most expensive city on both lists.

Rentals.ca has not included Kelowna on its list at all for the past few months and does not include any other cities in the Thompson-Okanagan region.

Vancouver tops both lists with average rents of $2,576 for a one-bedroom apartment on the Rentals.ca list. Toronto, Burnaby and Victoria are the only other cities that are on both lists and more expensive than Kelowna.

The average price for two-bedroom units in Kelowna in October was $2,421, according to Rentals.ca.

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