Average Rent in Kelowna Q1 2025 (January-March)
Presented by Vantage West Property Management
| Single Family | ||||
| Rental Income Grid | 1 Bedroom | 2 Bedroom | 3 Bedroom | 4+ Bedrooms |
| Luxury | $2,200 | $2,800 | $3,200 | $4,000+ |
| Average | $1,900 | $2,200 | $2,750 | $3,200+ |
| Basic | $1,700 | $2,000 | $2,600 | $2,800+ |
| Add 10% for Downtown, Lower Mission, Wilden, Dilworth | Subtract 10% for Vernon, Lake Country, Black Mountain, Glenrosa, Peachland | ||||
| Condo/Townhome | |||||
| Rental Income Grid | Studio | 1 Bedroom | 2 Bedroom | 3 Bedroom | 4+ Bedrooms |
| Luxury | $1,600 | $2,050 | $2,700 | $3,500 | $3,700+ |
| Average | $1,400 | $1,700 | $1,950 | $2,500 | $2,900+ |
| Basic | $1,200 | $1,600 | $1,750 | $2,200 | $2,600+ |
| Add 10% for Downtown, Lower Mission, Wilden, Dilworth | Subtract 10% for Vernon, Lake Country, Black Mountain, Glenrosa, Peachland | |||||
| Partial Home - Main | ||||
| Rental Income Grid | 1 Bedroom | 2 Bedroom | 3 Bedroom | 4+ Bedrooms |
| Luxury | $1,800 | $2,300 | $2,900 | $3,200+ |
| Average | $1,600 | $1,850 | $2,200 | $2,750+ |
| Basic | $1,500 | $1,750 | $2,000 | $2,350+ |
| Add 10% for Downtown, Lower Mission, Wilden, Dilworth | Subtract 10% for Vernon, Lake Country, Black Mountain, Glenrosa, Peachland | ||||
| Partial Home - Suite | ||||
| Rental Income Grid | Studio | 1 Bedroom | 2 Bedroom | 3 Bedroom |
| Luxury | $1,500 | $1,650 | $1,900 | $2,050 |
| Average | $1,300 | $1,400 | $1,600 | $1,800 |
| Basic | $1,100 | $1,250 | $1,450 | $1,650 |
| Add 10% for Downtown, Lower Mission, Wilden, Dilworth | Subtract 10% for Vernon, Lake Country, Black Mountain, Glenrosa, Peachland | ||||
About the Kelowna Rental Market
Kelowna, the largest city in British Columbia’s picturesque Okanagan Valley, continues to be a highly sought-after destination for residents, thanks to its vibrant economy and desirable quality of life. Nestled along the stunning shores of Okanagan Lake, Kelowna’s growth and popularity highlight its appeal as a premier place to call home.
While rental rates have steadily increased over the past decade, Kelowna still offers more affordable rental options when compared to major Canadian cities like Vancouver and Toronto.
Recent policy changes have been implemented to further stabilize the rental market. In July 2024, the B.C. government introduced a new landlord portal aimed at preventing bad-faith evictions, ensuring that evictions for “personal use” by landlords are legitimate. This portal provides added protection for tenants and aims to create a more transparent and fair rental environment. Such measures are expected to contribute to a more balanced rental market in Kelowna. For further details, visit the BC Government Residential Tenancies page.
Average Rent Prices in Kelowna – Q2 2025
Rental prices in Kelowna continue to reflect the city’s growing demand and evolving housing supply. As of Q2 2025, the average rent for a 2-bedroom unit varies by housing type:
- Luxury rentals range from $2,400 for partial homes to $2,900 for single-family homes.
- Average rentals typically fall between $1,750 for condos and $2,300 for single-family homes.
- Basic options offer more affordability, starting at $1,650 for condos and $2,000 for single-family homes.
This updated rental income grid provides a detailed snapshot of current market rates across various property types—whether you’re seeking a spacious single-family home, a townhome, or a basement suite. It’s designed to help renters and landlords alike understand fair pricing across different neighborhoods and home types in Kelowna.
Note: Add 10% for Downtown, Lower Mission, Wilden, Dilworth. Subtract 10% for Vernon, Lake Country, Black Mountain, Glenrosa, and Peachland.
Kelowna Average Rents | 2020-2025
| Year | Bachelor | 1 Bed | 2 Bed | 3 Bed | Total | YoY % Increase |
| 2020 | $1,038 | $1,145 | $1,368 | $1,660 | $1,261 | N/A |
| 2021 | $1,020 | $1,192 | $1,463 | $1,927 | $1,336 | 5.95% |
| 2022 | $1,106 | $1,307 | $1,665 | $2,193 | $1,506 | 12.72% |
| 2023 | $1,140 | $1,479 | $1,794 | $2,274 | $1,645 | 9.23% |
| 2024 | $1,369 | $1,509 | $1,916 | $2,313 | $1,737 | 5.59% |
| 2025 | $1,400 | $1,688 | $2,050 | $2,338 | $1,869 | 7.6% (updated) |
Source: CMHC Market Trends – Housing Market Information Portal
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