Primary Rental Market
Average Rent ($)

By:

  1. Bedroom Type
  2. Year of Construction
  3. Structure Size

Display Options:

  1. Survey Zones
  2. Census Subdivisions
  3. Neighbourhoods
  4. Census Tracts
  5. Historical Time Periods

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Kelowna — Historical Average Rent by Structure Size (Apartment only)

  3-5 Units 6-19 Units 20-49 Units 50-199 Units Total
1990 October ** 421 a 437 a 511 a 458 a
1991 October ** 455 a 472 a 549 a 495 a
1992 October ** 487 a 508 a 587 a 530 a
1993 October ** 513 a 554 a 600 a 562 a
1994 October ** 535 a 562 a 610 a 574 a
1995 October ** 539 a 565 a 622 a 581 a
1996 October ** 567 a 570 a 625 a 588 a
1997 October 709 a 564 a 570 a 617 a 585 a
1998 October 725 a 554 a 562 a 615 a 579 a
1999 October 668 a 561 a 565 a 621 a 584 a
2000 October 634 a 573 a 570 a 621 a 588 a
2001 October 598 a 582 a 587 a 640 a 605 a
2002 October 619 b 585 a 606 a 662 a 624 a
2003 October 674 a 609 a 623 a 670 a 639 a
2004 October 785 a 609 a 650 a 686 a 659 a
2005 October 739 a 644 a 680 a 709 a 687 a
2006 October 825 a 681 a 723 a 765 a 735 a
2007 October 910 a 712 a 783 a 812 a 785 a
2008 October 930 a 779 a 874 a 932 a 886 a
2009 October 832 a 783 a 815 a 842 a 821 a
2010 October 873 b 765 a 806 a 857 a 822 a
2011 October 860 a 778 a 817 a 886 a 840 a
2012 October 901 a 791 a 815 a 902 a 851 a
2013 October 875 a 805 a 829 a 953 a 885 a
2014 October 927 a 833 a 848 a 962 a 899 a
2015 October 1,037 b 856 a 876 a 935 a 903 a
2016 October 1,061 a 909 a 918 a 1,047 a 976 a
2017 October 1,050 c 972 a 992 a 1,098 a 1,043 a
2018 October 1,058 c 1,003 a 1,114 a 1,168 a 1,133 a
2019 October 1,042 c 1,066 a 1,128 a 1,282 a 1,222 a
2020 October 984 b 1,118 a 1,143 a 1,319 a 1,255 a
2021 October ** 1,144 a 1,144 a 1,400 a 1,315 a
2022 October ** 1,381 a 1,352 a 1,553 a 1,494 a
2023 October ** 1,342 b 1,479 b 1,694 a 1,623 a
2024 October ** 1,755 c 2,131 c 1,713 a 1,731 a
Notes:
  • The following letter codes are used to indicate the reliability of the estimates: a — Excellent, b — Very good, c — Good, d — Poor (Use with Caution))
  • ** — Data suppressed to protect confidentiality or data not statistically reliable
  • ++ — Change in rent is not statistically significant. This means that the change in rent is not statistically different than zero (0). (Applies only to % Change of Average Rent Tables).
Source: CMHC Rental Market Survey (opens in new window)