Kelowna rent is sixth most expensive in the country

Costs are on the rise from last year

Kelowna is the sixth most expensive place for tenants to rent in Canada.

Every month, the PadMapper Canadian Rent Report analyzes data from hundreds of thousands of active rental listings across the nation.

The data is used to calculate the average rent in the top 24 most populated urban areas.

Short-term rentals like Airbnb are not included.

Since 2020, Kelowna has fallen from fifth to sixth most expensive on the list. However, rent costs within the city are still increasing.

According to the latest report, the average monthly cost for a one-bedroom unit has increased 5.7 per cent from last year to $1,480. The cost for two bedrooms has also grown 2.3 per cent to $1,750.

In February, the average rent for a one-bedroom was 2.1 per cent lower at $1,450, while a two-bedroom was 1.7 per cent higher at $1,780.

Above Kelowna, the top five pricey spots are Vancouver, Toronto, Burnaby, Barrie, and Victoria.

In Vancouver and Toronto, rental costs have been steadily decreasing to $1,900 and $1,750 per month, respectively. Last year, most units were priced at over $2,000.

Elsewhere in B.C., there has also been a large decrease of 7.8 per cent in Burnaby to $1,600. Two-bedroom units have decreased 6.4 per cent to $2,200.

Rent for one and two bedrooms in Victoria has remained at $1,660 and $2,000 per month, with no change since the same time last year.

For more on the PadMapper Canadian Rent Report, click here.

READ MORE: Mayor thinks Kelowna will be travel ‘hot spot’ this summer amid pent up demand

READ MORE: Summerland council rejects seniors housing expansion

rental market

Just Posted

The first Pfizer-BioNTech COVID-19 vaccine dose in Canada is prepared at The Michener Institute in Toronto on Monday, Dec. 14, 2020. THE CANADIAN PRESS/Frank Gunn
One death, 39 new cases of COVID-19 in Interior Health

There are 484 active cases of the virus in the region currently

Brenda Ware. (RCMP)
Murder charge laid against man in Kootenay National Park homicide

Philip Toner was located in Lake Country on May 11

Town has passed the 2021 budget, with a five per cent spending increase. (Claire Palmer photo)
Town council approves 2021 budget and tax rate bylaw

The budget will increase by five per cent this year

A health-care worker prepares a dose of the Pfizer-BioNTech COVID-19 vaccine at a COVID-19 vaccine clinic in Toronto on Thursday, January 7, 2021. THE CANADIAN PRESS/Nathan Denette
65 new cases of COVID-19 in Interior Health

Overall, B.C. is seeing a decrease in COVID-19 cases

B.C. Labour Minister Harry Bains in the B.C. legislature, May 13, 2019. (Hansard TV)
VIDEO: B.C. to provide 3 days of sick pay for COVID-19 absences

Province will support employers on cost, labour minister says

Vernon’s Tanya Wick, human resources VP at Tolko Industries Ltd., has been named the 2021 HR Professional of the Year by the Chartered Professionals in Human Resources of British Columbia and Yukon. (CPHR BC & Yukon photo)
Okanagan resident gets top provincial award for HR excellence

Tolko’s Tanya Wick has earned the title of 2021 HR Professional of the Year

BC Housing minister David Eby. (THE CANADIAN PRESS/Chad Hipolito)
Eby jabs back against Penticton mayor’s ad urging BC Premier to intervene in shelter dispute

Eby writes that Penticton’s ‘serious’ social issues won’t improve under leadership of the mayor

The City of Vernon is taking a close look at six high-priority Okanagan Lake access points, including three sites along Tronson Road (pictured above) in May 2021. (Brendan Shykora - Morning Star)
Vernon council looking closely at Okanagan Lake access points

Six access points have been identified as ideal for recreation

Provincial health officer Dr. Bonnie Henry updates B.C.’s COVID-19 situation at the B.C. legislature, April 29, 2021. (B.C. government)
B.C.’s COVID-19 rate creeps up again, 600 new cases Wednesday

One more death, 423 people in hospital with virus

RCMP. (Phil McLachlan - Black Press Media)
Police working to identify the two bodies found in South Okanagan

The area will see higher police presence ahead of a forensic examination

B.C. Agriculture Minister Lana Popham takes questions in the B.C. legislature in 2017. (Hansard TV)
UPDATE: B.C. will fund another year of fresh fruit, vegetables, milk in schools

John Horgan government working on school meal program

A nurse prepares a dose of the COVID-19 vaccine in Kelowna on Tuesday, March 16. (Phil McLachlan/Black Press Media file)
More than 40% of Central Okanagan residents have received 1st vaccine dose

Local clinics have administered 81,247 first doses to Central Okanagan residents

Most Read