Average Rent in Kelowna, BC

Kelowna's average asking rent was $2,091/month in July 2026 across all property types, according to Rentals.ca's Kelowna listing data (the latest month shown when we checked in October 2026). By bedroom, the averages were $1,808 for a one-bedroom, $2,248 for a two-bedroom and $2,857 for a three-bedroom. Existing Kelowna tenancies are covered by British Columbia's annual rent increase cap: 2.3% for 2026 and 2.2% for 2027.

On the same Rentals.ca measure for July 2026:

• Vancouver: $2,686, so Kelowna was $595 (about 22%) cheaper.
• British Columbia average: $2,384, so Kelowna was $293 below the provincial figure.
• Canada average: $2,037, so Kelowna was $54 above the national figure.
• Calgary: $1,883, so Kelowna was $208 (about 11%) more expensive.

For two-bedroom units the spread is wider: $2,248 in Kelowna vs $3,255 in Vancouver and $1,847 in Calgary. The provincial and national figures are from Rentals.ca's August 2026 National Rent Report (July data).

These are asking rents on units listed for rent, which is what a new tenant would be asked to pay. They are not what sitting tenants pay: increases on an existing BC tenancy are generally limited to the annual cap, so their rent moves independently of new-listing prices.

CMHC's Rental Market Survey covers all urban areas with populations of 10,000 or more, but its Fall 2025 national Rental Market Report does not print a Kelowna figure; its British Columbia sections cover Vancouver and Victoria. We have not verified a CMHC figure for Kelowna, so this page uses Rentals.ca asking rents only.

Kelowna tenancies fall under British Columbia's Residential Tenancy Act. The maximum annual rent increase is 2.3% for 2026 and 2.2% for 2027 (effective January 1, 2027). A landlord can raise the rent once every 12 months and must give at least three full months' notice using Form RTB-7. See our BC rent increase rules guide for the details.